1. 1 1. Executive Summary 2. Networks 3. Distribution & Ad Sales 4. Production 5. Appendix

2. 2 Goals Continue to invest in the international networks portfolio to maintain double-digit revenue and earnings growth Reconstitute India partnership and recapitalize balance sheet Evolve a US cable/satellite strategy to introduce and establish SPE linear and non-linear brands, beginning with FEARnet linear launch Bring Crackle to break-even Continue to build the Crackle brand with quality originals, a meaningful Film and TV business, and broader reach

3. 3 Networks – A Diversified Portfolio 107 feeds, 135 countries, 373MM households, 21 languages Italy Israel Korea India LATIN AMERICA Japan ASIA Central Europe USA – Broadband Brazil Spain Spain / Portugal Germany Russia Australia SCI-FI Singapore AFRICA Southeast Asia Portugal Turkey

4. 4 Networks – Goals Retain disciplined cost controls, continue to grow margins Migrate to or introduce HD feeds as markets evolve Improve SET India programming and resolve ownership issues - - stay focused Reposition Animax to increase relevance to youth segment and broaden audience Establish more traditional/digital in-house ad sales capabilities Strengthen Existing Operations Maximize synergies among international networks, 2waytraffic, and Crackle Continue to invest in original multi-screen programming to attract broader advertiser base and reduce dependence on acquired product Increase Original Production Build/acquire complementary channel brands (e.g., women) Continue rapid expansion into key strategic markets and existing territories (Italy, central Europe) Expand Global Footprint Gradually grow website traffic to a monetizable level Expand footprint of SVOD networks Continue to Roll out AXN Mobile and Animax Mobile Exploit Digital Growth Opportuniti es

5. 5 Networks -- Market Environment Competition continues to increase (i.e., Fox and NBCU) Costs to acquire programming continue to escalate Macro economy has slowed ad sales growth Numerous opportunities to acquire or launch new networks with significant returns when others can’t invest Cable digitalization creates numerous opportunities for channel carriage for those with well established brands and stakes in the ground

6. 6 Networks – Strategic Initiatives Continue to capitalize on success of IPL with addition of two new teams Reconstitute partnership; recapitalize balance sheet; rebuild management Continue to invest in programming and marketing Continue regional channel investments India Continue expansion of new channels Re-launch channels in Korea for larger scale and opportunity Enter China through online venture Determine new Australia strategy Asia Pacific Re-invigorate SET brand Establish long-term strategy independent of HBO Migrate operations from Caracas to Miami Explore launch of new brand Latin America Establish multi-channel presence in Italy Maintain commitment to Russia despite current challenges Continue expansion into Adria / Baltics Europe Launch FEARnet as a linear channel Develop US strategy to exploit SPE brands United States

7. 7 Networks Programming and Production Continue investment in international format development and original productions Leveraging Sony-owned formats across SPT Networks Importing and adapting top- rated, third party international formats Actively developing local, original series to capitalize on local market talent and advertiser partnerships [May delete]

8. 8 Growth Opportunities Animax/AXN – full coverage in Korea TV1-Hallmark Australia swap GTX – Italy channel SET Max – Italy channel Cine Latino – US/Latin Spanish language movie channel India sports channel UK cricket channel Tamil channel Baltics territory expansion

9. 9 Networks Financial Summary EBITRevenue [This includes all of Andy’s business, excludes Crackle and Digital Networks] [Discuss stacks]

10. 10 FEARnet Linear Strategy Execute on reconstituted partnership with Comcast and Lionsgate – Equal governance with SPE/LG retaining operational control SPE/LG to provide back-office/support services Close Comcast linear carriage agreement plus one other key player (DirecTV, Time Warner, Echostar) for greenlight Launch linear service using existing FEARnet management & infrastructure Preliminary view - $XXMM deepwater mark over four years split by SPE/Lionsgate

11. 11 FEARnet Financial Summary SPT Share of Net Loss/IncomeSPT Share of Cash Funding [Add supporting P&L detail in appendix] TO BE UPDATED

12. 12 GSN Update SPT Share of Net Loss/IncomeSPT Share of Dividends(Funding) Call-out that earnings assume no sale of remaining 35% TO BE UPDATED