*  Key points of personal interest

General Notes: Key Stats to Observe

• Properties & YouTube Subscribers
• Studio % Market Share (by Revenue)
• # of Productions in Top 30 Grossing Films List
• Network Ratings (eg, MTV, Comedy Central, Nick, Spike, BET, VH1, TV Land)
• Top Cable Series
• Advertising Revenue

Material from SpringOwl Report:

Proposed Plan for Revitalization

• Alibaba Pictures / Amazon Investment Into Paramount
• AMC Asset Merger
• OpEx Reductions
• New Push Into Digital / OTT

Key Drivers to Unlocking Value

• Multiple expansion from New Chair / CEO
• OpEx significantly above peer average

YouTube Popularity

Digital

Missing the Boat on Vice

Asset Decline

• Daily Show viewership abysmal w/ Noah
• No new material:

Non-Prudent Capital Allocation