Potential Sony Asset Contributions Simon Cowell / Philip Green Meeting June 3, /19/2015 4:05 AM

2 Overview Sony Pictures TV, Sony/ATV Music Publishing and Sony Computer Entertainment have high value opportunities based on collaboration with Simon Cowell creating a potential value of as much as $700MM.

3 Sony Pictures Television (SPT) Opportunities TV Production / Dev Partnership TV Production / Dev Partnership Multimillion dollar overall deal with SPT for new shows, including EP fees and back-end for Simon. Opportunity for Simon to take a stake in specific SPT properties, which could potentially include scripted or unscripted series and existing or new shows. Potential for SPT to contribute properties to the Sony Music venture with Simon Big Hit: $25-50MM Annually Modest Hit: $5-10MM Annually Value for Simon Cowell: SPT’s library and the SPT’s game-show platform create major opportunities for value creation e.g.: Scripted: Reinvigorated:Scripted to Reality:

4 Project NameProducersOverview Ordered to Series The Sing-OffDeb Newmyer, Sam Weisman; Brad Hall, John Neal 8 singing groups compete for 8 weeks for a Sony recording contract. America crowns the winner. Shark TankMark BurnettInventors, entrepreneurs and small business owners do their best to win over some of the world's richest business people in order to get $ and access to make their ideas come to life. Newlywed GameMichael DaviesRemake of classic game show where newlyweds are tested on how well they know each other. Make My DayMichael DaviesHidden camera show where a person becomes the star of their own reality show as they go about their day. Includes many twists, turns and fun surprises. (UK format) Pilot Orders PyramidMichael DaviesUpdate of the classic game show. Dating GameMichael DaviesRemake of classic game show w/ live component. Kim Cole hosts. The EmpireMichael DaviesInteractive studio game show featuring state of the art technology that allows viewers from home to play along in real time. All-Star Mr. & Mrs.Michael Davies, 2 WayGame show featuring celeb couples who are tested to see how well they really know each other. They compete to win money for charity Airing in the UK Honey PleaseMichael DaviesHidden camera game show where contestants have no idea that they're on television and family members must get them to perform challenges. Strongest AmericanMichael DaviesStrongman competition show but with non-celeb gym rats. It's a Knockout: The US vs France Michael DaviesInternational hit with big physical challenges that pits different regions against one another Fire in the HoleGraham YostBased on a Elmore Leonard short story about a US Marshall returning to a small Kentucky coal town End of StevePeter Tolan, Matthew PerryComedy about a caustic and self-centered talk show host in upstate New York SPT - Development Highlights (1 of 3)

5 Project NameProducersOverview Active Development The PlatformMichael DaviesTop artists signed to labels compete in singing competition. Fantasy IslandMark BurnettReality series based on the popular Sony title. Pursuit of HappynessWill Smith, James Lassiter, Overbrook, 3 Ball Reality version of the hit Will Smith movie. Will Smith and Chris Gardner join forces to help down-on-their-luck people get back on their feet. "Biggest Loser" meets "The Big Give" Kid RodeoRebecca Hayes, Left/RightA docu-series set in the world of the young adult rodeo circuit. "Gossip Girl" meets the wild west. Kid Talent AgencyHedda Muskat, Todd Radnitz, Eva Rancil Docu-soap following the employees at "Kidding Around" kid talent agency. WARdrobeKristi KaylorDocu drama that explores the cutthroat world of the LA Merchandise Mart. LuckyTBDUnlucky reality competition show where it pays to lose. Shot in studio. Back to SchoolMatt Assmus12 people who never finished high school go back and finish school one grade at a time. Each week one player will flunk out and be eliminated and the ultimate winner gets free college tuition. Your Kid's an IdiotMichael Davies, MonkeySpoiled slacker 20-somethings, who live at home, are sent to live in a house together to see if they can make it on their own. Every week their parents, who have been watching them on monitors, have to decide who gets evicted. CruJosh Berman, James PattersonInvestigative team gets to the bottom of large catastrophic disasters SPT - Development Highlights (2 of 3)

6 Project NameProducersOverview Active Development - continued Fort PittPeter TolanA new take on the police procedural drama focusing on dysfunction and eccentric police squad Partridge FamilyJeff RakeRemake of the classic original music family show Dead LawyersGraham YostDefense attorney dies and comes back for second chance on life to mend his immoral ways Wedding PlannerJennifer LopezA couple managing a wedding and hotel complex fight to keep their marriage and life together Untitled Will Arnett / Mitch Hurwitz Project Mitch HurwitzMultimillionaire with miss-diagnosed death sentence gives away all his money and is now desperate to get it back SPT - Development Highlights (3 of 3)

7 Sony Pictures Television (SPT) Opportunities $ MM Value for Simon Cowell: Game Shown Network and Game Partnership The Game Show Network (GSN) would provide an outlet for a defined number of Simon’s game shows each year (number of shows / format would be negotiated). Potential for Simon to take a significant equity stake in GSN – SPT would contribute up to 50% of SPT’s 35% stake in GSN (GSN’s total equity value approximately $600MM to $700MM). Simon could have a dedicated programming block. Liberty plans to merge GSN under DirecTV brand. GSN available in 68MM homes, DirecTV has 18MM U.S. subscribers. Simon, GSN, and FUN Technologies (leading provider of online casual and fantasy sports games and sports information) would collaborate in developing online skill-based games. Deal would build on Sony’s partnership with IGT and history of introducing the most successful gaming machines of all time to offer slot machines based on Simon’s game shows. SET India Partnership Potential for SPT to contribute up to 10% SET India (SPT currentlyowns 60%) SET India is India’s most popular Hindi-language generalentertainment channel The value of SET India may be as high as $1 billion or mor Value for Simon Cowell: $75 – 150MM