Market Overview

WndrCo Announces Initial Capital Raise of $1 Billion for New Media Platform

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Investors include all major Hollywood studios, several leading
independent content creators, and top technology companies

WndrCo announced today that it had closed an initial funding round for
"NewTV" [working title], raising $1 billion. Led by Meg Whitman and
Jeffrey Katzenberg, NewTV brings together the best of Silicon Valley and
Hollywood to create the first entertainment platform built for easy,
on-the-go mobile viewing, allowing today's leading studios and creative
talent to tell original stories in an entirely new way.

"More so than ever, people want easy access to the highest quality
entertainment that fits perfectly into their busy, on-the-go
lifestyles," said Meg Whitman, CEO of NewTV. "With NewTV, we'll give
consumers a user-friendly platform, built for mobile, that delivers the
best stories, created by the world's top talent, allowing users to make
the most of every moment of their day."

The initial raise included investments by all of the major Hollywood
studios, a number of independent studios, major technology companies,
and strategic partners.

"It is exciting to see Hollywood embracing this new technology
distribution platform built for the way we watch today," said Jeffrey
Katzenberg, Managing Partner of WndrCo and Chairman and Founder of
NewTV. "NewTV will access the best talent and intellectual property for
this next era in entertainment. We are already seeing tremendous
interest from Hollywood's top talent."

The Hollywood studio investors include 21st Century Fox, Disney,
Entertainment One, ITV, Lionsgate, Metro Goldwyn Mayer, NBCUniversal,
Sony Pictures Entertainment, Viacom, and Warner Media. The technology
company investors include Alibaba. The strategic partner investors
include The Goldman Sachs Group, Inc., JPMorgan Chase & Co., Liberty
Global, and Madrone Capital, who led the round.

About WndrCo

WndrCo is a holding company that invests in, acquires, develops and
operates consumer technology businesses for the long term. Founded by
media and technology veterans Ann Daly, Sujay Jaswa, and Jeffrey
Katzenberg, WndrCo leverages its expertise and relationships to help
companies recruit talent, expand operations, and grow revenue. WndrCo is
co-headquartered in Los Angeles and San Francisco. Please visit www.wndrco.com
for more information.

About NewTV

NewTV is the working title of a mobile-first media platform incubated at
WndrCo and founded by Jeffrey Katzenberg. NewTV brings together the best
of Silicon Valley and Hollywood to create the first entertainment
platform built for easy, on-the-go mobile viewing, allowing today's
leading studios and creative talent to tell original stories in an
entirely new way. NewTV is headquartered in Los Angeles.

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