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Potential Sony Asset ContributionsPotential Sony Asset ContributionsSimon Cowell / Philip Green MeetingSimon Cowell / Philip Green Meeting
June 3, 2009
04/19/23 06:51
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 more than $1 billion.
3
Sony Pictures Television (SPT) Opportunities
TV Production
/ DevPartnership
• SPT is the #1 independent producer of TV content and the owner of the #1 and #2 syndicated game shows on TV as well as the #1 TV comedy in history.
• SPT’s library includes 150,000 episodes from 500 TV series and more than 4,000 feature films.
• Potential for SPT to contribute specific properties to the venture with Simon (I will be mportant to understand areas of interest to Simon as available value varies by show).
• Simon would leverage Sony’s expertise, relationships, assets, and library to develop new shows
– A major new hit could result in annual cash flow of as much as $100 million, which could be shared by Simon and SPT.
• Below is a list of projects currently underway – Simon can identify in which of these projects he would like to participate, and SPT is prepared to share upside value with him on those projects.
Ordered to Series Pilot Orders Active Development
• The Sing-Off
• Shark Tank
• Newlywed Game
• Make My Day
• Pyramid
• Dating Game
• The Empire
• All-Star Mr. & Mrs.
• Honey Please
• Strongest American
• It's a Knockout: The US vs France
• Fire in the Hole
• End of Steve
• The Platform
• Fantasy Island
• Pursuit of Happyness
• Kid Rodeo
• Kid Talent Agency
• WARdrobe
• Lucky
• Back to School
• Your Kid's an Idiot
• Cru
• Fort Pitt
• Partridge Family
• Dead Lawyers
• Wedding Planner
• Untitled Will Arnett / Mitch Hurwitz Project
Gregg’sLanguage
4
Sony Pictures Television (SPT) Opportunities
TV Production
/ DevPartnership
• SPT is the #1 independent producer of TV content and the owner of the #1 and #2 syndicated game shows on TV as well as the #1 TV comedy in history.
• SPT’s library includes 150,000 episodes from 500 TV series and more than 4,000 feature films.
• Simon would leverage Sony’s expertise, relationships, assets, and library to develop new shows under an overall deal
–A major new hit could result in annual cash flow of as much as $100 million, which could be shared by Simon and SPT
• Opportunity for Simon to take a stake in SPT properties, including scripted or unscripted series and existing or new shows
–Potential for SPT to contribute stakes in properties to the venture with Simon–Examples of properties in development are listed below, important to understand
areas of interest to Simon as available value varies by show
Ordered to Series Pilot Orders Active Development
• The Sing-Off
• Shark Tank
• Newlywed Game
• Make My Day
• Pyramid
• Dating Game
• The Empire
• All-Star Mr. & Mrs.
• Honey Please
• Strongest American
• It's a Knockout: The US vs France
• Fire in the Hole
• End of Steve
• The Platform
• Fantasy Island
• Pursuit of Happyness
• Kid Rodeo
• Kid Talent Agency
• WARdrobe
• Lucky
• Back to School
• Your Kid's an Idiot
• Cru
• Fort Pitt
• Partridge Family
• Dead Lawyers
• Wedding Planner
• Untitled Will Arnett / Mitch Hurwitz Project
Jim’ssuggestedChanges
5
Sony Pictures Television Opportunities
$150-300MM
Value for Simon Cowell:Game Show
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 $800MM).
• Simon could have a dedicated programming block on GSN.• 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
•P
oten
tial f
or S
PT
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cont
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e 10
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o 35
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f S
ET
Ind
ia (
SP
T
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ently
ow
ns
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nd
Sim
on
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ld r
epla
ce t
he
curr
ent
min
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pa
rtne
rs a
nd/o
r ta
ke a
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tion
of S
PT
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).
•S
ET
In
dia
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ndia
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ost
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ral
ente
rtai
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•T
he v
alu
e of
SE
T I
ndia
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y be
as
high
as
$1 b
illio
n or
mor
e w
ith
Sim
on’s
invo
lvem
ent.
Value for Simon Cowell:
$100 – 400MM
6
Joint Venture for
New Signings
Sony/ATV Opportunities
MIJAC
• Sony/ATV would provide a fund of $10 million for new signings. Simon Cowell would contribute $1 million.
• Three year term.• Simon Cowell would be able to put deals to Sony/ATV subject to
certain agreed upon parameters (standard copublishing terms). • Sony/ATV would act as administrator for a fee of 15% of total NPS. • NPS after admin fee is split 50/50 between Simon Cowell and
Sony/ATV. • Simon Cowell will commit to minimum of two deals per year over the
term. • Copyrights would be owned on a 50/50 basis.
• Simon Cowell to facilitate the sale of the Mijac catalog to Sony/ATV (or to a new entity created for that purpose).
• Mijac owns the publishing rights for all of Michael Jackson’s music as well as for the entire catalog of Sly and the Family Stone along with a number of high-value individual titles from Elvis and other artists.
• Sony/ATV will lend Simon Cowell the funds or arrange for the financing to allow Simon Cowell to purchase up to a 1/3 interest in the catalog.
$25-35MM
Value of Simon
Cowell’s Stake:
$10-15MM
Value Creation for
Simon Cowell:
7
Sony Computer Entertainment Opportunities
Simon Cowell
Channel on PS3 and PSP
• 70 million PlayStation 3 and PlayStation Portable devices.
• Young male demographic.
• Platform where Simon can test new ideas.
• Experiment with TV and gaming content.
• Successful ideas can move from the PlayStation platform to broadcast or cable TV as well as become game concepts
Simon Cowell Channel
Simon Cowell Channel
8
Sony Computer Entertainment Opportunities
SingStar
• An X Factor/Got Talent Songpack• An X Factor/Got Talent "MySingStarOnline" (online user-generated video site)
singing competition in which the winner gets a finalist place in the X Factor show. • A Simon Cowell avatar that hosts the Saturday "Prime Time" singing competition. • A TV show hosted by Simon Cowell that mimics the Prime Time singing
competition in SingStar.
• An X Factor branded PlayStation Home Space showing unbroadcasted clips (with ITV).
• T-shirts in PlayStation Home that "vote for winners".
• An X Factor/Got Talent branded console with an X Factor/Got Talent song disc. • An X Factor/Got Talent game.
• X Factor/Got Talent backstage and uncut clips sold as bonus content on the PlayStation Store (with ITV).
• Exclusive interview with Simon Cowell and X Factor/Got Talent contestants sold as bonus content.
• Could also be available on other Sony devices (e.g. Bravia televisions).
PlayStation Home
PlayStation Store
Content
New Gaming
Initiatives
Value for Simon Cowell: $5-15MM