Former Lionsgate Entertainment Co-COO and Co-Motion Picture President Brings Further Strategic Insight to QYOU Media
DUBLIN, LOS ANGELES & TORONTO, March 27, 2018 /CNW/ - QYOU Media Inc. (TSXV: QYOU OTC: QYOUF) ("QYOU Media" or the "Company"), the world's leading curator of premium 'best-of-web' video for multiscreen distribution, has announced that industry veteran and former Co-COO and Co-Motion Picture President of Lionsgate Entertainment Corporation ("Lionsgate"), Steve Beeks, has joined QYOU Media's Board of Directors.
A twenty-year veteran of Lionsgate (NYSE:LGF.A), and a key strategist in the growth of its motion picture and home entertainment divisions, Beeks retired from Lionsgate late last year to participate in new entrepreneurial directions, including those focused on the emerging growth markets of mobile viewership and digital-first content. His board appointment with QYOU Media marks his first move in pursuit of those endeavours.
"Cable TV and home entertainment were the boom categories of the last 30-40 years, while today, the emergent growth potential has shifted to take in digital-first video content, OTT, and mobile distribution as millennial audiences become the dominant consumer demographic. QYOU recognised this shift early, being in the right place at the right time to build a global business that packages web-first content for a new generation of TV viewers. I've known QYOU's CEO, Curt Marvis, for many years and am a fan of his vision and leadership. I'm delighted to join Curt and his dedicated team as a board member", Mr Beeks said.
Curt Marvis, QYOU's CEO and co-founder, commented: "Steve is well known and highly respected across the industry for his leadership at Lionsgate and his role in its remarkable success story. I am thrilled to have someone with his caliber of expertise and deep experience working closely with us as we head toward our goal of making QYOU a leading global millennial-entertainment brand."
Beeks' appointment is subject to TSX Venture Exchange approval.
Wendy Bernfeld, Amsterdam-based QYOU Media board member since July 2017, as well as a business development and content consultant for QYOU Media since its launch in 2014, is concurrently resigning from the Board due to other personal and professional commitments. QYOU Media thanks her for her dedicated service.
About QYOU Media
QYOU Media Inc. is a fast-growing global media company that curates and packages premium 'best-of-the-web' video for multiscreen distribution. Founded and created by industry veterans from Lionsgate, MTV, and CinemaNow, QYOU's millennial-focused products, including linear television networks, genre-based series, mobile apps, and video-on-demand formats, reach millions of customers on six continents. Distribution partners include Sinclair Broadcast Group, Vodafone, 21st Century Fox, Liberty Global, Showmax, iflix, SuperChannel and TATA Sky.
This press release may contain "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws, including, without limitation, statements regarding changes to the board of directors of QYOU Media subject to TSX Venture Exchange approval. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, although considered reasonable by management, are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies that may cause actual financial results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Additional risks and uncertainties regarding QYOU Media are described in its publicly available disclosure documents, filed by QYOU Media on SEDAR at www.sedar.com except as updated herein. The forward-looking statements contained in this news release represent QYOU Media's expectations as of the date of this news release, or as of the date they are otherwise stated to be made, and subsequent events may cause these expectations to change. Except as required by law, QYOU Media undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. Readers are cautioned not to put undue reliance on these forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE QYOU Media Inc.
For further information: Holly Searle, Platform Communications for QYOU Media, +44 (0) 207 486, [email protected]; Natasha Roberton, VP Marketing, QYOU Media, +49 152 2254 7680, [email protected]; Jeff Walker, Investor Relations for QYOU Media, +1 403 221 0915, [email protected]