This vulnerability allows remote attackers to execute arbitrary code on vulnerable installations of Adobe Flash Player. User interaction is required to exploit this vulnerability in that the target must visit a malicious page or open a malicious file.
The specific flaw exists within the processing of an invalid m3u8 playlist. By manipulating this playlist an attacker can force a dangling pointer to be reused after it has been freed. An attacker can leverage this vulnerability to execute code under the context of the current process.