FL Entertaiment SPAC

1 Exposed to two market segments offering high growth potential Structurally growing market • Content drives audience on digital platforms • IP, a strong differentiating factor Extensive consolidation opportunity (top 10 players representing ~6% of global content production market) Global content market Continued global growth of 'Over-the-Top' subscribers -350m 2019A +11% 2019- 2024E CAGR Expected increase in content creation spending¹ CAGR 2019-24E ~+25% ~1,070m DISNEY- 2024E NETFLIX tv HBоmax amazon prime video Paramount+ Global online gambling market • Deep addressable markets • Opportunities to duplicate know-how in new territories • Regulation bringing stability and sustainability • High / resilient growth pattern Global online gambling market to double by 2027 -€55bn CAGR 2020-27E ~+11% €115bn 2020A Sources: Grand View Research Sources: Companies, SNL, Wall Street Research 1. Content creation spending excludes sports programming; includes Fox, AMC, Warner Bros Discovery/HBO Max, Lionsgate, MGM, Viacom CBS, Walt Disney Company/Disney+/Hulu/Hoststar/ESPN+, Comcast/NBCU/ Peacock, AT&T, SKY, Netflix, Amazon Prime Video, Apple TV+ 2027E 5

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