CONFIDENTIAL Lotte Entertainment Korea Distribution Partnership [Date]

page 2 Executive Summary SPE has been approached by Korea’s Lotte Entertainment to distribute SPE films in Korea and Vietnam –Seeking theatrical rights in Korea and Vietnam, video rights in Korea only –SPE would retain all TV rights While Korea is a growth market, significant competitive barriers exist –Majority of market is controlled by large, vertical monopolies –Local film quotas have led to a strong local film production market, with Korean films often accounting for 50% or more of the box office in a given year The terms offered by Lotte represent an opportunity to secure a guaranteed profit stream in Korea at or above historical averages –Potentially attractive economics for theatrical and video rights –Many SPE titles are not theatrically released. Additional releases and box office from SPE titles could drive value in TV market, which is retained by SPE Opportunities may exist with other Korean distributors, such as CJ

page 3 Lotte Entertainment Overview The Lotte Group is a large platform of consumer oriented businesses –One of Korea’s largest conglomerates, with 2009E group revenues of $42B+ –Multiple brands across shopping, tourism, restaurants, and theme parks Lotte Entertainment is one of Korea’s largest exhibitors… –2 nd largest exhibitor, with a 23% share of screens in Korea (all digital multiplexes) 54 sites / 411 screens in Korea (projected to grow to 68 sites / 514 screens in 2010) 3 sites / 17 screens in Vietnam …and a fast-growing, top tier distributor –3 of the top 10 films in 2009 –Market share increased from 8.4% in 2008 to 20% in 1H 2009 –Experienced in distributing Hollywood titles, with successful releases of Terminator: Salvation, The Golden Compass and Journey to the Center of the Earth (3D)

page 4 SPE Economics in Korea

page 5 Proposed Terms of Output Deal Studio: Sony Pictures Entertainment (all labels) Distributor: Lotte Entertainment Term / Fee: 5 Years / $12M per year Titles: SPE must submit all titles under all labels to Lotte, with a minimum of 23 titles per year Lotte must distribute a minimum of 15 titles per year Rights / Territory: Theatrical, and home video in South Korea Theatrical rights in Vietnam [Internet rights – IPTV, Internet VOD and Internet Streaming – were initially requested but we believe can be eliminated from the deal] First Look: SPE would get “first look” at any Lotte Korean product for purposes of English Language remake

page 6 Items for Discussion Additional terms to request –Higher annual license fee and upside participation –Restructure to allow for upfront payment recognizable in year (either “bonus” or “buy-out” payment) –Reasonable / narrow definition of Home Entertainment avoid risk to TV revenues –Subset of films they must take (eg, number of puts or triggers for automatic acceptance) –Ability to license/sub-distribute any rejected films, or non-theatrical product Other items –Explore alternative partnerships in parallel with Lotte conversations TV has relationship with CJ, Korea’s largest distributor CJ has recently done an all-markets deal with Paramount and is rumored to be interested in further Studio deals –Determine accounting treatment Ability to recognize advance in FY11 Methodology for allocating license fees across titles

page 7 Next Steps Senior management agree to proceed or pass Assuming interest: –Confirm key terms to include in counter –Alert David Bishop, Steve Mosko, and Keith LeGoy that we plan to engage formally –Express interest to Lotte and provide counter –Initiate discussions with CJ