1. Summary of Simon Cowell Partnership Opportunities October 2007

2. 2 CONFIDENTIAL SPT is the top independent Television Studio for network and cable television Industry leader in television distributor, setting industry records for shows like Seinfeld Large ad sales organization with over $200MM in annual revenues Creator and distributor of top comedies, dramas, and game shows: –#1 comedy of all-time (Seinfeld) –#1 primetime comedy last season (Rules of Engagement) –#1 daytime drama (Young and the Restless) –#1 game show of all time (Wheel of Fortune) –3 Emmy wins for Broken Trail on AMC Broad range of on-air shows, including 10 network shows, 8 cable shows, 5 syndicated shows, and 6 made-for-TV movies Establish a JV with Simon and Sony Pictures Television Provide Simon access to SPT’s drama and comedy writers as well as our creative executives Cover multiple genres as well as scripted and non-scripted formats Provide Simon screen credits including Executive Producer, Logo Credit, and paid ads Preliminary Proposal for an Overall Television Deal Sony Pictures Television Business Overview Deal Overview Simon will tap into Sony Picture Television’s resources and strength as the #1 independent television studio to expand the range of his television offerings

3. 3 CONFIDENTIAL Preliminary Proposal for an Overall Feature Film Deal Sony Pictures Overview Sony Pictures is Hollywood’s leading studio #1 in openings (2006 & 2007) #1 in market share (2006 & 2007) #1 in opening day receipts / weekend receipts (Spiderman 3) 12 Best Picture Oscars Deal Overview A multi-year first look deal with Columbia Pictures for all theatrical projects Deal would cover Simon’s overhead and fringe Deal would be non-exclusive for Simon with regards to production services / producer commitments Pay-or-play for fixed compensation would be based on SPE’s election to proceed to production Contingent consideration would be the same as existing deal at Columbia (“William Davies / Untitled Simon Cowell Project”) Simon will leverage Sony Pictures’ resources and feature film production expertise, providing Simon a vehicle to bring his theatrical projects to the screen

4. 4 CONFIDENTIAL Crackle is the premier destination for online video, focused on high-quality short-form video Crackle is elevating the quality of online video and attracting the best creators of short-form video Crackle has attracted a large and loyal audience, making it the ideal destination to extend Simon’s brand online Crackle’s model is an ideal fit for identifying talent, with a brand built on offering fame-based incentives to emerging talent Preliminary Proposal for a Crackle-based Online Partnership Crackle Overview Deal Specifics With no cash investment, Simon would participate in creating the leading online destination for talent and extend his brand to a site that reflects his style of straight talk and celebrity Sony would grant equity in Crackle as part of the venture Crackle would provide technology, infrastructure, and management team SBMG would provide marketing support and music video distribution and synchronization rights Simon would receive cash compensation for his services, including contribution of his expertise in developing the Network concept Simon would contribute his name and likeness, public relations support, and on-going interaction with audience members

5. 5 CONFIDENTIAL Collaborate with Simon to build a game-based business around his brand With the backing of Sony Pictures, Liberty Media, and new management, GSN redefining its brand GSN is building on its position as a leader in on-air games (reaching 66MM households )to expand into online and casual games GSN’s affiliation with Fun Technologies uniquely positions it to be the leader in games across platforms Preliminary Proposal for a GSN-based Game Partnership GSN Overview Deal Specifics Leverage GSN and FUN Technologies to extend Simon Cowell’s brand into both television game shows and skill-based casual video games Partnership would provide equity to Simon and would guarantee, exclusive carriage on GSN for a defined number of game-based shows per year developed by Simon –# of shows / format to be negotiated –Copyrights to be retained by Simon Simon would have a dedicated programming block one night per week Simon, GSN, and FUN Technologies would collaborate in developing online skill-based games