@ENTERTAINMENT ANNOUNCES PRELIMINARY AGREEMENT ON THE
                 SALE OF $50,000,000 IN REDEEMABLE PREFERRED STOCK

Hartford, December 23, 1998 -- @Entertainment, Inc. (Nasdaq:ATEN) announced 
today that it has reached a preliminary agreement with an institutional 
investor on the sale of a $50,000,000 issue of redeemable preferred stock. 
The transaction is subject, among other conditions, to approval by the board 
of directors of the company and the institutional investor and to execution 
of mutually satisfactory documentation and there can be no assurance that any 
transaction will be consummated. The company expects to close the transaction 
in January. The preferred stock will not be registered under the Securities 
Act of 1933 and may not be offered or sold in the United States absent 
registration or an applicable exemption from the registration requirements.

The aforementioned remarks contain forward-looking statements that involve 
risks and uncertainties including without limitation those relating to the 
timing, amount, terms, and consummation of the redeemable preferred stock 
issuance.

Contacts:

Robert E. Fowler, III                       Chris Plunkett/Mike Smargiassi
Chief Executive Officer                     Brainard Communicators, Inc.
011-44-171-478-3800                         212-986-6667

Donald Miller-Jones
Chief Financial Officer
011-44-171-478-3800