Featuring David Davis of FMV Opinions, Inc.
Telephone Dial-In Audio Conference
Thursday, August 9, 2007
10:00am-11:40am PDT / 11:00am-12:40pm MDT / 12:00pm-1:40pm CDT / 1:00pm-2:40pm EDT

Why Should You Attend?
By exclusive arrangement, the well-known and highly respected David Davis will discuss Valuation of Entertainment Assets.  He will share his expertise about the valuation of feature films, TV series and music properties and will look at the differences between valuing static catalogs and going-concern entities.  Mr. Davis will look at historic changes in the revenue streams of filmed-entertainment, especially given the ways in which digital media is transforming our world today.

David looks forward to answering your questions and sharing his industry-leading knowledge of entertainment asset valuation. Visit David’s blog and learn more about his projects at:  http://fmvla.com

Register for Conference only for $249

Register for Conference and CD only for $339

Register for Conference and Transcript only for $339

Register for Conference, CD, and Transcript only for $429

Earn TWO INTERACTIVE CPE credits for participating in this conference. Price includes a single dial-in connection. Use your conference room and the whole office can listen in. Two CPE credits are available for each additional listener sharing the same phone connection - only $49.00 per person. Please note: To receive CPE credit, you must fill out the post conference survey. The survey link is e-mailed to participants along with the dial-in number and registration code, normally sent two or more days prior to the conference. CPE credit only registrants will be sent the survey link via e-mail.

Learning Objectives:

• Provide a case study in the valuation of work-in-progress intellectual property
• Identify issues relating to film, music and other “soft” intellectual property valuation
• Learn how to help clients spot issues that may materially impact the value of their estate for situations such as divorce, collateralization, tax planning, or potential liquidation events

Program Outline:

• Introduction to Topic

• Moderator Presentation on Valuing Entertainment Assets:
  • The Valuation of Entertainment Assets
  • Valuation of an Individual Film
    • Superbad Case Study
    • Issues & Process
    • Forecasting US Box Office from Comp Titles
    • Comparables: R-Rated Comedies, August Films 2004 – 2006, The Apatow Company
    • Selection of US Box Office Forecast
    • Forecasting US DVD
    • Forecasting US TV
    • Forecasting International
    • Film Ultimates
    • Timing Model
    • Selection of Discount Rates
    • Valuation for Client under Deal Structure
    • Threats: Piracy
    • Opportunities: Digital Transformation
  • Life Cycle of a Feature Film: A Historic Perspective
    • Lifecycle of a Feature Film
    • Valuation of a Film Library: Key Issues
    • Valuation of a Film Library: Going Concern
    • Significant Change in Value, Case Study: Studio X
  • Valuation of a Television Series
  • Valuation of a Music Catalogue
  • Why Transactions Occur at Higher Values than Income Approaches in the Valuation of Entertainment Assets

• Audience Q & A
• Concluding Remarks

Panel Includes:

David Davis, Managing Director of FMV Opinions David A. Davis is a Managing Director in the Los Angeles office of FMV Opinions, Inc. and he also heads the firm’s Entertainment & Media practice.  A recognized leader in this industry, Mr. Davis has testified as an expert witness in numerous legal disputes and has served as a consultant to attorneys during litigation.  His prominence in the industry has awarded him citations in publications and electronic media around the world. Prior to joining FMV Opinions, Mr. Davis operated his own advisory practice, David Davis, Inc. out of Santa Monica, CA for three years.  Before that, Mr. Davis was a Senior Vice President at Houlihan Lokey Howard & Zukin for nearly 10 years.  While there, he managed the financial advisory practice for media and entertainment clients.  Mr. Davis’ work included advising NBC in their acquisition of Universal, Sony in their acquisition of MGM, and Disney in their litigation with Jeffrey Katzenberg.      Mr. Davis received a Masters in Business Administration from the Anderson Graduate School of Management at UCLA in 1989, a Bachelor of Arts Degree from Bowdoin College in Brunswick, Maine in 1981, and graduated from Phillips Academy in Andover, Massachusetts in 1977.  Mr. Davis is a member of the Academy of Television Arts & Sciences and a member of the Alumni Advisory Board to the Entertainment Management Program at The Anderson School at UCLA.

CPE Credit Information Earn 2 Interactive CPE Credits (Consulting Services) Business Valuation Resources, LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. www.nasba.org NASBA Sponsor

Satisfaction Guaranteed:
For more information on this telephone conference or our past telephone conferences, please email customerservice@bvresources.com Business Valuation Resources offers a 100% money-back guarantee. If you are not completely satisfied, you may submit a written request within 30 days of the date of this program to receive a full refund. Please e-mail our accounting manager at: cassandram@bvresources.com . There are no fees associated with refunds.