OVGuide, Feb 2012

THE MOST COMPLETE GUIDE TO ONLINE VIDEO

FEBRUARY 2012

PRIVILEGED & CONFIDENTIAL – DO NOT DISTRIBUTE

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THE MERGER

• OVGuide (“OVG”) acquired Live Matrix (“LM”) in a merger transaction

• Sanjay Reddy, co-founder and CEO of Live Matrix, was named CEO of OVGuide, Inc., and joined David Bohnett and Peter Lee from Baroda Ventures, along with OVGuide founder Dale Bock, on the Board of Directors of OVGuide

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OVGUIDE & LIVE MATRIX#1 independent site for on demand video guidance

• Consumer Site• On Demand Video Data

+ Large User Base+ Solid core operating team+ Good financial platform

#1 independent site for scheduled online content

• Syndication focus• Scheduled Event Data

+ Leader in key new space+ Experienced CEO+ Patents

COMPANY

FOCUS

STRENGTHS

The most complete data set of upcoming, live and on demand online video – no one else has a data offering that is as deep or complete

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THE NEW COMPANY

THE comprehensive source for video discovery and guidance through the entire life of any online video – when it’s upcoming, live and on demand

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ONLINE VIDEO ECOSYSTEM

Online video content increasing geometrically

- network, web only, UGC Near ubiquitous internet

connectivityIncreasing # of video distribution portals

• Consumers are unaware of sources and availability of content• Publishers can’t reach audiences fragmented by time and platform; over-reliant on search

engines for discovery of their content• Advertisers can’t properly leverage the Web to reach audiences with contextually relevant

messages in a timely manner

Online Discovery & Guidance has become increasingly important and valuable and OVGuideis in the best position to deliver the solution users, publishers and advertisers need

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STRATEGIC FOCUS ON THE SPACE• “There will be one million TV stations in the U.S.”

-- John Chambers, CEO of Cisco. Also sees consumers moving to more video because the Internet-connected mobile devices enable easier video production and consumption (Oct 5, 2011)

• “Today, we'll also start gradually rolling out our live streaming beta platform …The goal is to provide thousands of partners with the capability to live stream from their channels in the months ahead.” Subsequently, YouTube invested $100 million with several video content publishers to enable them to launch scheduled channels to bolster YouTube Live -- YouTube official blog post (Apr 8, 2011)

• “One of the challenges in our industry is awareness of events …people don’t always know about an event until after it happens.” -- Nathan Hubbard, CEO of Ticketmaster (Sep 15, 2011)

• Launch of TV Everywhere “suggests additional revenue [$12B annually] rather than economic cannibalization”-- Laura Martin, Needham & Co. (Jan 20, 2012)

RECENT ACQUISITIONS

ONLINE VIDEO CONSUMPTION• Online video growth continues to expand

− Average person in US watches 5+ hours of online video monthly (Nielsen)− 182M US users watched online video content in December 2011 for an average of 23.2 hours per

viewer. The total US Internet audience viewed 43.5B videos (comScore)• Soaring popularity of live video streaming

− 1.4 billion minutes of live video watched in July 2010 in US – up 648% (comScore)− Ustream has 65M monthly unique visitors and has more video uploaded/min than YouTube

(Ustream statistics)− “In the near term (two to five years), it is reasonable to expect that throughput requirements for

some single video events will reach roughly 50 to 100 Tbps (the equivalent of distributing a TV quality stream to a large prime time audience). This is an order of magnitude larger than the biggest online events today.” (Akamai, Harvard, UMass paper August 2011)

10M live video streams for U2 concert on YouTube

(Oct 2009)

100M+ viewers for Real Madrid vs Osasuna match live online in China alone

(Nov 2011)

800M+ monthly video streams on Hulu

(Dec 2011)

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COMPANY PROFILE• Company is based in Los Angeles, CA• OVGuide.com

– Founded in 2006 by Dale Bock– ~12.4 M monthly unique visitors– ~7M mobile page views– 3,600+ video sources– #1 Google and Bing result for the search “online video”– 100% organic traffic– Named by Time Magazine as a Top 10 Best Website of the year when it first launched

• Live Matrix– Founded in 2009 by Sanjay Reddy and Nova Spivack– Winner of the Most Promising Media Concept award presented by NBC’s Peacock Equity Fund at TC

Disrupt May 2010 when company first launched– What TV Guide is to TV, Live Matrix is to the Web: the leader in providing guidance for scheduled

online content– 4M+ events tracked across 400+ brands/channels; ~300K events tracked weekly– 6 patents; trademarked “What’s When on the Web”

Note: Traffic statistics above based on Google Analytics for the month of November 2011.

INDUSTRY BUZZ

• OVGuide is “a cross between Google and Yahoo - a hybrid of a search engine tuned to find videos online and a directory of video sites organized by genre…” Los Angeles Times

• “Livematrix.com is your portal to anything that’s worth watching through your browser…”; the widget adds “… real value to your website at no cost and very little effort from you…” BBC

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PRINCIPALS• Baroda Ventures: Los Angeles based venture capital firm founded by philanthropist and technology entrepreneur David

C. Bohnett, the founder of GeoCities which went public in 1998 (Ticker: GCTY) and was subsequently bought by Yahoo for $3.6 billion in 1999. Investments include Fab.com, Steelhouse, GraphEffect, and PocketChange. Past investments include MediaVast (acquired by Getty Images), Stamps.com (Ticker: STMP), United Online (Ticker: UNTD) and LowerMyBills.com (acquired by Experian).

• Sanjay Reddy: co-founder and CEO of Live Matrix. Prior to that Sanjay headed up all business development, M&A and strategy for Gemstar-TV Guide (Ticker: GMST) and ran the public auction that resulted in Gemstar’s sale to Macrovision (Ticker: MVSN) in 2008 for $2.8 billion. Previously, Sanjay was a VP in the M&A group at Salomon Smith Barney on Wall Street, served as VP, Corporate Development for Covad Communications (Ticker: COVD) in Silicon Valley, and a principal in startups in the animation and music industries. Sanjay is a digital media expert who has advised a range of new media companies including My Damn Channel, Pixsy, TVersity and BuddyTV. He has also served as a member of the Academy of Television Arts & Sciences National Primetime Emmy Awards Committee and on its Interactive Media Peer Group's executive committee.

• Dale Bock: Founder of OVGuide. Prior to founding OVGuide, Dale was the founder and CEO of online travel agency, Las Vegas Direct and was also a part of the Xdrive start up team as a senior programmer before it was acquired by AOL. Dale is a veteran software industry expert with more than 25 years of experience at Oracle, UCLA Center for Digital Innovation, ISX (acquired by Lockheed martin) and Valley Oak Semiconductor where he worked on semiconductor chip development for NASA’s Space Infrared Telescope Facility. Dale was a Ph.D. in Computer Engineering from Syracuse University.

• Nova Spivack: Nova Spivack, co-founder of Live Matrix and currently CEO of Bottlenose, is a serial entrepreneur and a leading pioneer in Semantic Web technology. Nova was most recently the founder and CEO of Radar Networks, the makers of Twine.com (a semantic search engine acquired by Evri, Inc. in 2010). Previous ventures have included one of the first Web companies, EarthWeb (Ticker: EWBX) which went public in 1998, which Nova co-founded in 1994 and SRI’s technology venture incubator nVention.

– Chris Kelly: Former Chief Privacy Officer of Facebook– Allen Morgan: Venture partner at Mayfield Ventures; Director at Idealab– Irish Innovation Center: Board includes Macrovision founder John Ryan & John Hartnett (Handspring/Palm)– Len Kleinrock: Distinguished Prof. of CS at UCLA; a "Father of the Internet;” seed investor in AOL– Paige Craig: LA based angel investor; CEO, BetterWorks– Steve Kay: Former General Counsel, Gemstar-TV Guide; partner, Hogan Lovells– Stuart Goldstein: Head of technology investment banking at Moelis & Co.– Lori Taylor: CEO, REV Media Marketing– Rich Battista: Ex-CEO, Gemstar-TV Guide; former President, Fox Cable Network– Edgar Fereira: Former CTO, TV Guide Online and TV Guide Data Solutions– Rich Cusick: Former GM, Swirl by Daily Candy; former head of TV Guide Digital (included TV Guide Online

and TV Guide Mobile)

OTHER INVESTORS AND ADVISORS

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APPENDIX

PRIVILEGED & CONFIDENTIAL – DO NOT DISTRIBUTE

– YouTube invested $100 million with several video content publishers to enable them to launch scheduled channels to bolster YouTube Live

– Ustream has 65+mm monthly unique visitors and has more video streamed/min than YouTube has uploaded/min

– U2 concert on YouTube in Oct 2009 drew 10mm live streams

– More than 600 live-blogging "events" take place on CoverItLive every day, attracting unique readerships that can run as high as 14 million per event. Reports have claimed CoverItLive events attract 82 million visitors per month

– World Cup: ESPN3 had 7.4 million unique visitors, generating 942 million minutes of viewing or more than two hours per unique; fans streamed over 10 million total hours of live video on UnivisionFutbol.com

– 1.4 billion minutes of live video watched in July 2010 in US – up 648% according to comScore

– Twitter is at 100mm+ monthly active users worldwide with 230mm+ tweets daily, including scheduled chat events daily

LIVE WEB STATS

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THANK YOU

PRIVILEGED & CONFIDENTIAL – DO NOT DISTRIBUTE

Contact: Sanjay ReddyCEO, OVGuide

[email protected]