Exhibit 7 Estimated Expected Present Values and One-Year Holding Period Returns Based on Data in Exhibit 6 (in millions of

dollars)

First Film Hypothetical Sequel

PV of PV of
PV of Net Negative PV of Net Negative
Inflows at Cost at One-Year Inflows at Cost at One-Year
Studio/Movie Title Year 1a Year 0 Returnb Year 4a Year 3 Returnb

MCA UNIVERSAL
1 PARENTHOOD $100.1 $21.5 3.65 $76.8 $28.2 1.72 $48.81 $20.07
2 BORN ON THE FOURTH OF JULY 74.5 19.4 2.85 56.8 25.4 1.24 $36.10 $18.08
3 FIELD OF DREAMS 59.1 17.2 2.44 47.3 22.6 1.1 $30.06 $16.09
4 UNCLE BUCK 60.0 16.1 2.72 47.0 21.2 1.22 $29.87 $15.09
5 SEA OF LOVE 53.5 26.9 0.99 44.4 35.3 0.26 $28.22 $25.13
6 ALWAYS 34.3 33.3 0.03 31.4 43.7 (0.28) $19.96 $31.10
7 K-9 37.8 12.9 1.93 29.3 16.9 0.73 $18.62 $12.03
8 THE ‘BURBS 32.2 18.3 0.76 27.3 24.0 0.14 $17.35 $17.08
9 THE DREAM TEAM 28.4 16.1 0.76 22.9 21.2 0.08 $14.55 $15.09
10 DO THE RIGHT THING 30.0 7.5 2.98 21.2 9.9 1.15 $13.47 $7.05
11 DAD 17.7 20.4 (0.13) 17.4 26.8 (0.35) $11.06 $19.08
12 SHOCKER 14.3 6.5 1.22 12.4 8.5 0.47 $7.88 $6.05
13 THE WIZARD 12.7 8.6 0.48 8.7 11.3 (0.23) $5.53 $8.04
14 RENEGADES 6.9 12.9 (0.46) 7.4 16.9 (0.56) $4.70 $12.03

PARAMOUNT PICTURES
15 HARLEM NIGHTS $55.4 $32.3 0.72 $51.1 $42.3 0.21 $32.47 $30.11
16 PET SEMATARY 52.6 11.8 3.45 41.1 15.5 1.65 $26.12 $11.03
17 BLACK RAIN 44.1 32.3 0.37 39.0 42.3 (0.08) $24.79 $30.11
18 MAJOR LEAGUE 40.3 12.9 2.12 33.7 16.9 0.99 $21.42 $12.03
19 COUSINS 21.2 14.0 0.52 16.2 18.3 (0.11) $10.30 $13.03
20 WE’RE NO ANGELS 2.1 23.7 (0.91) 8.7 31.0 (0.72) $5.53 $22.07
21 LET IT RIDE 3.6 19.4 (0.82) 4.3 25.4 (0.83) $2.73 $18.08
22 SHIRLEY VALENTINE 8.9 8.6 0.04 4.3 11.3 (0.62) $2.73 $8.04
23 FAT MAN AND LITTLE BOY 3.3 20.4 (0.84) 3.2 26.8 (0.88) $2.03 $19.08
24 THE EXPERTS 8.2 12.9 (0.36) 1.1 16.9 (0.94) $0.70 $12.03

SONY PICTURES ENTERTAINMENTc

25 LOOK WHO’S TALKING (TS) $142.3 $10.8 12.24 $105.5 $14.1 6.48 $67.05 $10.04
26 WHEN HARRY MET SALLY (C) 83.3 20.4 3.08 64.6 26.8 1.41 $41.05 $19.08
27 STEEL MAGNOLIAS (TS) 80.4 23.7 2.40 61.7 31.0 0.99 $39.21 $22.07
28 SEE NO EVIL; HEAR NO EVIL (TS) 40.5 19.4 1.09 32.0 25.4 0.26 $20.34 $18.08
29 THE BEAR (TS) 22.4 22.6 (0.01) 21.5 29.6 (0.27) $13.66 $21.07
30 GLORY (TS) 29.3 22.6 0.30 20.8 29.6 (0.30) $13.22 $21.07
31 LOOK UP (TS) 14.1 18.3 (0.23) 13.2 24.0 (0.45) $8.39 $17.08
32 CASUALTIES OF WAR (C) 11.4 26.9 (0.57) 12.3 35.3 (0.65) $7.82 $25.13
33 CHANCES ARE (TS) 10.8 19.4 (0.44) 10.9 25.4 (0.57) $6.93 $18.08
34 FAMILY BUSINESS (TS) 8.3 19.4 (0.57) 10.2 25.4 (0.60) $6.48 $18.08
35 SHE’S OUT OF CONTROL (C) 10.5 16.1 (0.35) 9.0 21.2 (0.58) $5.72 $15.09
36 WHO’S HARRY CRUMB? (TS) 7.6 15.1 (0.49) 7.9 19.7 (0.60) $5.02 $14.02
37 ADVENTURES OF BARON MUNCHAUSEN (C) 11.6 55.9 (0.79) 7.0 73.4 (0.90) $4.45 $52.24
38 TRUE BELIEVER (C) 5.8 15.1 (0.61) 6.7 19.7 (0.66) $4.26 $14.02
39 TROOP BEVERLY HILLS (C) 6.9 19.4 (0.64) 6.5 25.4 (0.74) $4.13 $18.08
40 TAP (TS) 6.7 16.1 (0.58) 6.4 21.2 (0.70) $4.07 $15.09
41 DEEPSTAR SIX (TS) 7.1 8.6 (0.17) 5.8 11.3 (0.49) $3.69 $8.04
42 JOHNNY HANDSOME (TS) 6.0 21.5 (0.72) 5.0 28.2 (0.82) $3.18 $20.07
43 MUSIC BOX (TS) 7.1 19.4 (0.63) 4.9 25.4 (0.81) $3.11 $18.08
44 IMMEDIATE FAMILY (C) 2.2 15.1 (0.85) 4.3 19.7 (0.78) $2.73 $14.02
45 LISTEN TO ME (C) 1.6 16.1 (0.90) 3.8 21.2 (0.82) $2.41 $15.09
46 PHYSICAL EVIDENCE (C) 3.6 18.3 (0.80) 3.4 24.0 (0.86) $2.16 $17.08
47 OLD GRINGO (C) 6.0 36.6 (0.84) 3.2 48.0 (0.93) $2.03 $34.17
48 LOVERBOY (TS) 2.0 10.8 (0.81) 3.2 14.1 (0.77) $2.03 $10.04
49 SING (TS) 2.2 15.1 (0.85) 2.4 19.7 (0.88) $1.53 $14.02
50 WINTER PEOPLE (C) 4.4 17.2 (0.74) 2.1 22.6 (0.91) $1.33 $16.09
51 WELCOME HOME (C) 5.1 15.1 (0.66) 1.7 19.7 (0.91) $1.08 $14.02
52 ADVENTURES OF MILO AND OTIS (C) 3.1 8.6 (0.64) 1.2 11.3 (0.89) $0.76 $8.04
53 THE BIG PICTURE (C) 8.4 8.6 (0.02) 1.2 11.3 (0.89) $0.76 $8.04
54 SLAVES OF NEW YORK (TS) 7.8 6.5 0.20 1.2 8.5 (0.85) $0.76 $6.05
55 EAT A BOWL OF TEA (C) 8.4 2.2 2.92 1.2 2.8 (0.56) $0.76 $1.99
56 TO KILL A PRIEST (C) 8.2 10.8 (0.24) 1.1 14.1 (0.92) $0.70 $10.04
57 ME AND HIM (C) $8.2 $8.6 (0.05) $1.1 $11.3 (0.90) $0.70 $8.04
58 BLOODHOUNDS OF BROADWAY (C) 8.2 3.2 1.54 1.1 4.2 (0.74) $0.70 $2.99

TWENTIETH CENTURY FOX

59 THE WAR OF THE ROSES $80.8 $26.9 2.01 $63.8 $35.3 0.81 $40.55 $25.13
60 THE ABYSS 48.4 48.4 0.00 44.6 63.5 (0.30) $28.34 $45.20
61 WEEKEND AT BERNIE’S 30.2 10.8 1.81 22.3 14.1 0.58 $14.17 $10.04
62 SAY ANYTHING 17.5 14.0 0.25 14.6 18.3 (0.21) $9.28 $13.03
63 SKIN DEEP 16.6 10.8 0.54 14.0 14.1 (0.01) $8.90 $10.04
64 THE FABULOUS BAKER BOYS 14.1 14.0 0.01 13.2 18.3 (0.28) $8.39 $13.03
65 MILLENNIUM 8.2 16.1 (0.49) 4.7 21.2 (0.78) $2.99 $15.09
66 WORTH WINNING 2.2 14.0 (0.84) 3.4 18.3 (0.82) $2.16 $13.03
67 GLEAMING THE CUBE 5.3 11.8 (0.55) 2.7 15.5 (0.82) $1.72 $11.03
68 HOW I GOT INTO COLLEGE 1.3 12.9 (0.90) 1.8 16.9 (0.89) $1.14 $12.03
69 WHEN THE WHALES CAME 7.5 4.3 0.75 1.1 5.6 (0.81) $0.70 $3.99

WARNER BROTHERS
70 BATMAN $311.5 $53.8 4.80 $229.1 $70.5 2.25 $145.60 $50.18
71 DRIVING MISS DAISY 101.2 8.6 10.76 77.6 11.3 5.87 $49.32 $8.04
72 TANGO & CASH 48.9 59.1 (0.17) 46.7 77.6 (0.40) $29.68 $55.23
73 LEAN ON ME 29.8 16.1 0.85 22.9 21.2 0.08 $14.55 $15.09
74 HER ALIBI 16.8 21.5 (0.22) 15.0 28.2 (0.47) $9.53 $20.07
75 NEXT OF KIN 13.2 12.9 0.02 11.7 16.9 (0.31) $7.44 $12.03
76 PINK CADILLAC 10.1 20.4 (0.51) 11.4 26.8 (0.58) $7.24 $19.08
77 YOUNG EINSTEIN 13.6 4.3 2.17 10.2 5.6 0.80 $6.48 $3.99
78 DEAD-BANG 6.7 15.1 (0.55) 6.4 19.7 (0.68) $4.07 $14.02
79 DEAD CALM 7.6 9.7 (0.22) 6.1 12.7 (0.52) $3.88 $9.04
80 SECOND SIGHT 5.8 10.8 (0.46) 4.9 14.1 (0.65) $3.11 $10.04
81 SEE YOU IN THE MORNING 5.1 18.3 (0.72) 4.4 24.0 (0.82) $2.80 $17.08
82 IN COUNTRY 3.8 19.4 (0.80) 3.5 25.4 (0.86) $2.22 $18.08
83 COOKIE 6.4 14.0 (0.54) 2.6 18.3 (0.86) $1.65 $13.03
84 HOW TO GET AHEAD IN ADVERTISING 8.6 5.4 0.61 1.4 7.1 (0.80) $0.89 $5.05
85 POWWOW HIGHWAY 8.4 4.3 0.96 1.2 5.6 (0.78) $0.76 $3.99
86 BERT RIGBY, YOU’RE A FOOL 7.5 14.0 (0.46) 1.1 18.3 (0.94) $0.70 $13.03
87 PENN & TELLER GET KILLED 8.2 8.6 (0.05) 1.1 11.3 (0.90) $0.70 $8.04
88 CHECKING OUT 8.2 5.4 0.53 1.1 7.1 (0.85) $0.70 $5.05
THE WALT DISNEY COMPANY
89 HONEY, I SHRUNK THE KIDS (W) $145.5 $23.7 5.15 $111.2 $31.0 2.58 $70.67 $22.07
90 DEAD POETS SOCIETY (T) 92.5 21.5 3.30 74.4 28.2 1.64 $47.28 $20.07
91 THE LITTLE MERMAID (W) 78.1 21.5 2.63 62.0 28.2 1.20 $39.40 $20.07
92 TURNER & HOOTCH (T) 71.2 19.4 2.68 54.6 25.4 1.15 $34.70 $18.08
93 THREE FUGITIVES (T) 36.3 18.3 0.98 29.1 24.0 0.21 $18.49 $17.08
94 AN INNOCENT MAN (T) 19.7 18.3 0.08 17.0 24.0 (0.29) $10.80 $17.08
95 BLAZE (T) 15.0 19.4 (0.22) 14.7 25.4 (0.42) $9.34 $18.08
96 NEW YORK STORIES (T) 10.7 20.4 (0.47) 8.2 26.8 (0.69) $5.21 $19.08
97 GROSS ANATOMY (T) 7.8 12.9 (0.39) 8.1 16.9 (0.52) $5.15 $12.03
98 DISORGANIZED CRIME (T) 7.8 11.8 (0.34) 7.1 15.5 (0.54) $4.51 $11.03
99 CHEETAH (W) 9.2 7.5 0.22 7.1 9.9 (0.28) $4.51 $7.05

Average: $27.7 $17.3 0.67 $21.6 $22.6 (0.08)

Median: $10.5 $16.1 (0.02) $8.7 $21.2 (0.54)
Standard deviation: $41.4 $10.1 2.07 $31.5 $13.3 1.21

Interquartile range: $6.9 to $10.8 to (0.55) to $ 3.4 to $14.1 to (0.82) to

$34.3 $20.4 0.99 $29.1 $26.8 0.21

a
Net inflows consist of all revenues minus associated distribution fees and expenses.
b
One-year return is defined as: [PV of net inflows minus PV of negative cost] divided by [PV of negative cost].
c
C=Columbia Pictures; TS=Tri-Star. W=Walt Disney; T=Touchstone.
 DCF
$28.74 NPV (26 Profitable) 490.87
$18.02 NPV (73 non Profitable) 0
$13.97 Total no of films 99
$14.78 Value per film 4.96
$3.09
-$11.15
$6.59 Black Scholes
$0.27 S 13.55
-$0.54 X 17.90132
$6.43 T 1
-$8.02 r 0.06
$1.83 sigma 1.21
-$2.51
-$7.33 d1 0.42456
d2 -0.78544
N(d1) 0.664421
$2.37 N(d2) 0.216098
$15.09 Call Price 5.361153
-$5.32
$9.39
-$2.73
-$16.54
-$15.35
-$5.31
-$17.04
-$11.33

$57.01
$21.98
$17.15
$2.26
-$7.41
-$7.85
-$8.69
-$17.31
-$11.15
-$11.60
-$9.37
-$9.00
-$47.80
-$9.76
-$13.95
-$11.02
-$4.36
-$16.89
-$14.97
-$11.29
-$12.67
-$14.92
-$32.13
-$8.00
-$12.50
-$14.75
-$12.94
-$7.28
-$7.28
-$5.29
-$1.23
-$9.34
 -$7.34
-$2.29

$15.42
-$16.85
$4.14
-$3.75
-$1.14
-$4.64
-$12.10
-$10.86
-$9.32
-$10.89
-$3.29

$95.42
$41.27
-$25.56
-$0.54
-$10.54
-$4.59
-$11.83
$2.50
-$9.95
-$5.16
-$6.92
-$14.29
-$15.85
-$11.37
-$4.16
-$3.22
-$12.33
-$7.34
-$4.35
 $48.60
$27.21
$19.33
$16.62
$1.41
-$6.28
-$8.74
-$13.86
-$6.88
-$6.52
-$2.53