CONFIDENTIAL 1 Grouper 3.0 Overview May 2007

CONFIDENTIAL 2 Grouper 3.0 Opportunity Number of Videos in the Category “Hollywood” ContentViral Video Number of Viewers The Opportunity High quality content viewed by many Less viral and offers less variety than UGV Combine the viral nature of user-generated video with the quality of “Hollywood” content Unlimited variety of content Highly viral Lacks quality of traditional studio content

CONFIDENTIAL 3 Grouper 3.0 Overview: The Best Video not on TV Leverage the best of breed editorial and technology to create the ultimate Internet video guide Acquire and produce dynamic viral videos to populate Grouper’s basic and premium channels Engage users and partners to build unique, meaningful pathways to fame Syndicate Grouper channels across Grouper’s large & growing global video network Build a global video ad network by leveraging Sony TV sales and rep firms

CONFIDENTIAL 4 Recent Updates Built the Foundation for a Channel-based Service Home Page At Acquisition: Immersed Users in a Wide Variety of User Generated Video Home Page Today: Presents Editorialized Content on a Channel Basis Video wall cycled through a mix of user submitted videos Home Page Emphasizes Featured Channels

CONFIDENTIAL 5 Grouper 3.0 Builds on the Channel Model with Channels Featured on the Homepage

CONFIDENTIAL 6 Channel Pages Offer In-depth Programming and Branding Opportunities “Sound Check” Example of a Premium Grouper 3.0 Channel Focused on Independent Music Users can browse through multiple channels at any time

CONFIDENTIAL 7 Programming Strategy Channel-based Programming Content PyramidsFame Partnerships Tap into passionate content communities –Attract content creators –Engage audience to rate videos Organize content for easy browsing and discovery Create context for users to submit videos based on channel themes Lend credibility to channels Attract users by providing opportunities to become famous Provide an editorial voice as a “tastemaker” for the channel Generate marketing & PR Offer content syndication opportunities Provide high quality editorial Bridge the gap between independent and professional videos Create a path to recognition for content creators Encourage users to interact by ranking videos and creating playlists

CONFIDENTIAL 8 Channel-based Programming Premium / Branded Basic “The Best Content That’s Not on Television” Evolve traditional UGV by narrowing context and using programming “pyramids” Brand channels with a strong point-of-view “Contextualized User-Generated Video” Organize UGV and third-party content into channels based on entertainment genres Differentiate through editorial voice, multi- platform distribution and path to recognition Channels Currently 19 channels based on genres (e.g. comedy) Slate is dynamic; Migrating away from UGV to entertainment focus Channels 4 today, additional 4 in late May “Grouper off the Hook” – the best of the best of all channels “Institutionalize Fame on the Internet” Fame partners provide a clear and compelling path of recognition Tastemakers reinforce brand / editorial voice Channels Launching 3.0 with 5 channels “Project X” – American idol online

CONFIDENTIAL 9 Fame Partners Persons or companies with expertise / recognition within a specific content channel on Grouper –Persons should have access to compelling ad inventory (e.g., TV spots) –Companies should have an online presence with desire to integrate Grouper Who Are They? Lend credence to Grouper channel and generate marketing/PR buzz Drive incremental traffic and high quality uploads Access to new syndication opportunities Purpose Offer use of likeness, name, brand to channel Provide high profile “celebrity access” path to fame opportunities to at least one content creator on a monthly basis Integrate Grouper into partner’s existing online site in a highly visible manner Cross-platform promotion of Grouper channel throughout the year (e.g., TV spots) Use admin tool to select “Weekly Partner Picks” which will be promoted as featured videos on the Channel Page Record teaser video clips to use as promotion for channel Maintain high quality profile pages Attend at least 4 events per year sponsored by Grouper Partner Commitments

CONFIDENTIAL 10 Channels Basic Premium / Branded Comedy Off the Hook Joke a Day Judgment Day Sketches & Spoofs* Sexy* Election 2008 Short Film Family Friendly Movies & TV Sexy Music Action Sports …plus 10 other Extreme Project X* ScreenBites Spider-Man 3 FireHouse SoundCheck* Animation* The Line-Up* * Fame Partner Channels

CONFIDENTIAL 11 Sketches & Spoofs SNL-style videos from up-and- comers Sony Pictures Television, Mad TV, National Lampoons, SNL The Line-UpVirtual stage for stand-up comedy The Improv, Jimmy Kimmel, Conan O’Brien Project X Premiere online talent competitions (bands, dancers, magicians, etc) Simon Cowell / Sony BMG Sexy What is sexy? From girls to cars to iPods to more girls Maxim, Playboy SoundCheck Video music magazine with indie rock focus – interviews, concerts, videos Sony BMG, Spin Magazine, Rolling Stone, Clear Channel AnimationShort-form, edgy animation Sony Pictures Imageworks, Animax, ILM, Pixar, Lucas Films Grouper 3.0 Fame Partners ChannelConcept Potential Partners

CONFIDENTIAL 12 Fame Partner Integration Fame Partner offers users exposure in mainstream media Fame Partner Assists with Editorial, Provides a Subset of Content, and Content Selection Fame Partner branding incorporated into channel

CONFIDENTIAL 13 Pyramid Programming Integrates Editorial, Partners, and a Path to Fame Produced episodes co-branded with RS Editorial and feature selection managed with input from RS Clips from RS Grouper produced Third party clips Licensed content User generated Sample programming pyramid for “Soundcheck” with Rolling Stone as a Fame Partner & Tastemaker “The Fray” All Videos Uploaded to Channel “Featured” Editorially Chosen Videos Spotlight Video

CONFIDENTIAL 14 Awards Offer Additional Recognition and Engage Users People’s Choice Mix of awards granted by editors, partners, and audience Site allows users to feature their awards in playlists and user profiles Tastemaker Status Editor’s Pick / Featured Video Awarded monthly to the most viewed video on each channel Progress can be tracked real-time on the “leader board” Awarded to featured videos on each channel as selected by Grouper editorial staff and / or Fame Partners Awarded to users with most popular video playlists

CONFIDENTIAL 15 Grouper: A Global Video Network Grouper’s global video network allows us to seamlessly push channels and videos to an audience of millions Videos shared on grouper are visible across hundreds of sites –Syndication deals with leading social networks Hi5, Piczo and Bebo –Expanding the network with AOL, Sprint, MSN, iTunes and other portals to increase reach –Pioneering one-click publishing feature to allow anyone watching a Grouper video to easily publish to social networks and blogs Grouper video can be seen on multiple platforms –Branded channel on Bravia TVs –Bundled with PSP firmware and all Sony VAIOs starting in May –PS3’s high profile effort, Home, will feature video from Grouper –In talks with the Sony camera and camcorder division to power sharing across devices Network should reach almost 250mm streams per month by mid-summer; once Grouper syndication deals are fully launched

CONFIDENTIAL 16 Cross-Sony Partnerships Marketing Distribution Partners User Driven “1 Click” Grouper Video Network Partners Digital Imaging Power video uploads Embed screensaver and software Users syndicate playlists via embedded player Embed Grouper player on partner sites Distribute content “pyramids” Purchase advertising on high traffic web sites Drive users back to Grouper.com

CONFIDENTIAL 17 The Embedded Player Allows the Grouper Experience to Be Syndicated Across Partners Consistent Branding Common Features - Awards - Ranking - Playlists Watch this video on Grouper.com Add to Hi5 Profile Add a video comment to this video

CONFIDENTIAL 18 Grouper 3.0 Next Steps Finalize channels for launch and begin to seed those channels with original content Negotiate short-form agreements with potential fame partners Continue to expand Grouper syndication network / partnerships Expand advertising to include new 3.0 opportunities