SONY PICTURES ENTERTAINMENT Analyst Meeting November 19, 2010 SONY PICTURES ENTERTAINMENT

MICHAEL LYNTON Chairman & Chief Executive Officer Sony Pictures Entertainment

page 2 Sony Pictures SPE is diversified across multiple revenue streams Demand for content is growing SPE’s footprint is expanding Home entertainment consumption is shifting SPE is navigating these changes well SPE remains focused on financial discipline SPE is the only major studio owned by an electronics company, which creates advantages SPE is core to Sony’s 3D strategy

page 3 Motion PicturesTelevision ProductionTelevision Networks SPE is Diversified Across Multiple Business Lines

page 4 Box OfficeTV Viewership (1)MPAA, BMO Capital Markets, April 2010 (2)Nielsen, and BMO Capital Markets, April 2010 Demand for Content is Growing US Box Office (1) US$ Billions Usage per US TV HH per Day (2) Hours: Minutes

page 5 Motion Pictures 2010 is SPE’s ninth straight year with over $1BN in North American box office receipts Eight #1 movie openings in the U.S. in 2009 and six to date in 2010 Four films over $250 million in worldwide box office receipts in 2009 and three to date in #1 openings in the U.S. over last 10 years, more than any other studio Multiple franchise films in production

page 6 Upcoming Releases Columbia The Tourist Angelina Jolie, Johnny Depp How Do You Know Paul Rudd, Reese Witherspoon, Jack Nicholson, Owen Wilson James L. Brooks (D) The Green Hornet Seth Rogan, Jay Chou, Cameron Diaz D = Director TBU

page 7 Just Go With It Adam Sandler, Jennifer Aniston Battle: Los Angeles Michelle Rodriguez, Aaron Eckhart, Bridget Moynahan Upcoming Releases Columbia

page 8 Burlesque Cher, Christina Aguilera Country Strong Tim McGraw, Gwyneth Paltrow, Leighton Meester The Roommate Leighton Meester, Minka Kelly Upcoming Releases Screen Gems

page 9 ‘Event’ Films in the Pipeline Plans in place for new films from existing franchises – Spider-Man – Men in Black 3 – Resident Evil 5 – Underworld 4 Expanding relationships in animation – Aardman partnership brings us Arthur Christmas and The Pirates! Introducing new franchises – The Girl with the Dragon Tattoo in production and rights to the rest of the Stieg Larsson Millennium Trilogy secured

page 10 3D at the Box Office 3D remains a growth driver Internationally, the proportion of box office receipts from 3D has been consistently high In the U.S., there have been fluctuations, but recent films have seen the majority of box office receipts from 3D Performance has varied by genre, with young-male oriented films generating the highest percentage of box office receipts from 3D

page 11 Motion Pictures Trailers The Green Hornet The Smurfs The Tourist How Do You Know Zookeeper

page 12 Television Large and growing global footprint Continued investment in international production and networks In the U.S., SPT has 25 series on the air across 13 broadcast and cable networks this season, including 6 new shows “The Dr. Oz Show” was renewed for 3 more years “The Dr. Oz Show” was sold in 100 territories and is being produced in local language in China, Russia and the Middle East

page 13 Expansion of Networks Globally 122 Feeds 140+ Countries 435+ Million HH 22 Languages mobile Includes wholly and partially owned networks

page 14 Culver City Miami (Latin America/USH) Bogota Buenos Aires Madrid Rome Paris London Hilversum Cologne Moscow Beijing Hong Kong New York HUASO FLORESTA Sao Paolo International Television Production Expanding Presence Includes wholly and partially owned production companies

page 15 Home Entertainment Consumption patterns are shifting Recent pressure resulting from: – Total number of transactions mainly flat with small fluctuations – Revenues down as purchases shift to rentals A complex landscape going forward – Physical sell-through under continuing pressure, although mitigated somewhat by growth in Blu-ray – Rental transactions are up Shift from in-store-rental to lower margin subscription and kiosk continues Higher margin digital/VOD transactions accelerating and represents a key growth driver – Potential for new distribution windows

page 16 US Consumer Rental Transactions (billions) (1) (1) Screen Digest VOD includes online, telco, MSO and DBS. Home Entertainment Rental Landscape Recent shift within rental has been from physical in-store-rental to lower- margin physical rental options, including kiosk and subscription But overall transactions are forecast to grow; growth in higher-margin digital represents an opportunity (lowest rental margin) (highest rental margin)

page 17 Success in a Changing Marketplace Continue to create high quality films – Diversity across small, medium and large pictures – Capitalize on existing franchises – Introduce new franchises Home Entertainment growth drivers – Blu-ray growth driven by added features including 3D capabilities – Higher margin digital/on-demand offerings – New windowing opportunities Investment in television assets – New programs – Expand network and production footprint

page 18 Success in a Changing Marketplace (continued) Financial discipline Leverage Sony United opportunities 3D opportunity across SPE divisions Leverage growth in emerging markets

page 19 Sony Ownership of SPE creates advantages Importance of integration – Access to content and services differentiates hardware – Sony services provide a distribution opportunity for SPE content Recent collaboration – SPE films delivered digitally to Sony devices – SPE was critical to Blu-ray format success – Synergies created by availability of 3D content and 3D hardware – SPE content cross-promoted with Sony hardware – Hardware product placement in films Opportunities – SPE content on Sony services – 3D films and the 3D network

page 20 3D Initiatives Theatrical Upcoming 3D films include: The Green Hornet, Priest, The Smurfs, Arthur Christmas and The Invention of Hugo Cabret Digital Productions SPE has produced stereoscopic 3D effects for more movies than any other motion picture studio Home Entertainment Released Cloudy with a Chance of Meatballs last summer as first Blu-ray 3D title available at retail and bundled it with Sony’s Bravia 3D TVs Television Launching 3D network in early 2011 in partnership with Discovery and IMAX 3D Technology Center Develops and evaluates systems for new 3D program production; creates and drives industry understanding and support of 3D technologies, techniques, and authoring tools

page 21 Emerging Markets Key source of growth for the studio Established TV networks infrastructure and operating expertise in emerging markets – Capitalize on growth in both TV audiences and advertising revenues – Leverage established presence into additional territories Local TV production presence enables SPE to exploit TV formats globally Cross-Sony collaboration – SPE content featured on Sony devices and packaging for retail and advertising – Home entertainment products (e.g., BDs and 3D BDs) bundled with electronics and PS3s – SPE content displayed outside and inside Sony stores

Q & A SONY PICTURES ENTERTAINMENT