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| MTVi Group, Inc. The |
| 770 Broadway, New York, NY 10003 * (212) 654-9000 |
| Business Description | The company has 18 Websites around the world, including sites for its cable television channels which has more than 124 million page views in December 1999. Through its various Websites, the company offers music and artiest news, features, reviews, streaming radio, live on-demand Web-cast performances and music videos as well as online chats. |
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Filing Information IPO has been | ||||
| To Trade As | - - (NASNTL) | Industry | Internet (SIC 7375) | |
| Type of Stock Offered | Class A Common Shares | Filing Date | 2/11/00 | |
| Domestic Shares Filed | 0 | Filing Price | - - | |
| Foreign Shares Filed | 0 | Offering Amount | $10,000,000 | |
| Company Shares | 0 | Est. Expenses | - - | |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - | |
| Being spun off from | Viacom Inc. | |||
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Morgan Stanley Dean Witter | Lead Manager | (212) 761-5900 |
| Bear, Stearns & Co. Inc. | Co-manager | (212) 272-4850 |
| CS First Boston | Co-manager | (212) 325-2000 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Utendahl Capital Partners LP | Co-manager | |
| Wit SoundView | Co-manager |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 9 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/96 | 12/31/97 | 12/31/98 | 9/30/98 | 9/30/99 | ||
| Revenues | - | - | 3.427 | 5.778 | 8.837 | 4.695 | 12.463 |
| Income from Oper. | - | - | -3.340 | -6.993 | -11.800 | -24.410 | -51.335 |
| Net Income | - | - | -2.070 | -4.298 | -7.316 | -21.352 | - |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | 68.60 | 52.942 | 165.45 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | - | -4.18 | -10.75 | ||||
| Cash Flow - Inv. | - | -0.44 | -16.02 | ||||
| Cash Flow - Fin. | - | 4.62 | 26.89 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 12/31/99 | Financial Ratios | ||||
| Total Assets | 149.70 | Current Assets | 3.84 | Current Ratio | 0.49 |
| Total Liab. | 7.95 | Current Liab. | 7.92 | Debt Ratio | 5.31% |
| Total Equity | 141.75 | Working Cap. | -4.08 | Debt to Equity Ratio | 0.06 |
| Cash | 0.12 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to acquire units held by the partners who will use the money for MTVi advertising, promotion and development of its brands and music content, for general corporate purposes including working capital, technology enhancements, overseas enhancements, and possible acquisitions. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Shearman & Sterling |
| Bank's Law Firm | Skadden, Arps, Slate, Meagher & Flom |
| Auditor | Pricewaterhouse Coopers LLC |
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| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Viacom International, Inc. | ||
| Liberty Digital, Inc | ||
| Note: represents ownership of 5% or more prior to the offering. | ||