From: Bunge, Shelly Sent: Tuesday, April 28, 2009 7:16:55 PMTo: Weil, LeahCc:Subject: music publishing revenue

Leah,

Per your request, attached is a report of our total publishing revenue for fiscal years 2006-2009. Our catalog includes copyrights from 1993 to the present (our prior interests having been sold to EMI) and is administered by Sony/ATV. There are a number of unique aspects to our Sony/ATV agreement:

1. The admin fee charged to us by Sony/ATV is very low-- only 10%, because at the time of making our deal, we opted for a low fee in lieu of an advance. However, with the growth and success of our catalog, we now receive an annual advance and a low fee.

2. We were able to negotiate a provision that allows us to pitch and/or service license requests ourselves and whenever we do so, they are not entitled to their fee on this income.

3. Because of their relationship with Michael Jackson, we are captive to Sony/ATV. It is my understanding that we are not allowed to shop our administration to a third party publishing company.

Please let me know if you have any questions or if there is anything else I can do for you.

Best,

Shelly

Shelly Bunge

Executive Vice President, Music Group

Sony Pictures Entertainment

10202 W. Washington Blvd., SPP #5404

Culver City, CA 90232-3195

Tel: 310 244 8389

Fax: 310 244 2258

Attachments:FY2006to2009.pdf (10065 Bytes)

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