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- Andy Kaplan, former President of Sony Pictures Television Networks appointed as Chairman of the Board of the newly formed subsidiary, QYOU India Pvt
- Kaplan brings over thirty years' experience to the role and will bolster QYOU's growth in India, following the successful launch of Q India on Tata Sky and Jio TV
DUBLIN, LOS ANGELES and TORONTO, July 24, 2018 /CNW/ - QYOU Media Inc. (TSXV: QYOU OTC: QYOUF) ("QYOU Media" or the "Company") today announces that it has named former President of Sony Pictures Worldwide Networks, Andy Kaplan, as Chairman of Board of Directors for QYOU India Pvt ("QYOU India"), a newly formed subsidiary of QYOU Media which delivers highly localized and expertly curated digital-first video content to an Indian audience of over 185 million mobile and TV subscribers.
As Chairman of the Board of QYOU India, Kaplan will leverage his extensive experience in leading television networks to success in local territories and work toward QYOU India becoming a premier destination for the very best original, digital-first content in India. Kaplan will also take a board observer position in parent company, QYOU Media, supporting development of the QYOU brand worldwide.
A media and entertainment veteran, Kaplan spent over sixteen years at Sony Pictures leading its global television networks and related investments, with over 180 channel feeds reaching nearly two billion subscribers. Under his leadership, Kaplan grew Sony Pictures Worldwide Networks' portfolio from a handful of international channels to include some of the most popular digital media brands. He also turned Sony Pictures Networks India ("SPNI") into one of the largest media businesses in the rapidly growing Indian market by leading it through a number of successful acquisitions, partnerships, and new programming launches including the groundbreaking initial ten year deal for the broadcasting rights to the IPL and the acquisition of Ten Sports.
QYOU has gone from strength-to-strength in India, culminating in the launch of Q India on Tata Sky, and an expansion of its content partnerships to include some of the most watched and influential YouTube channels in India.
"Digital-first video content and mobile video consumption are shaking up the entire TV ecosystem due to huge demand from millennial and generation z audiences. India boasts a highly developed TV market and upwardly mobile audience, with viewers showing a huge appetite for new and exciting types of content. In just a few short years, QYOU Media has made inroads into the Indian market to become a go-to destination for digital-first content for TV audiences, forging relationships with some of the major TV providers. I am delighted to have the opportunity to support QYOU India to continue this success and replicate it in other fast-growth markets," said Andy Kaplan.
Curt Marvis, CEO and Co-Founder of QYOU Media, commented: "From India to Latin America, Andy's career is an accumulation of successful expansions into rapidly growing TV markets with fresh with compelling content. Over the past year, QYOU Media has built and maintained momentum with Q India. Andy's appointment is important to shaping the next stage of our growth by offering strategic insight and a deep knowledge of the Indian TV market."
The appointment follows the announcement in March 2018 that Lionsgate's recently retired Co-COO Steve Beeks had joined QYOU Media's Board of Directors, subject to applicable stock exchange approvals.
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 the future prospects of QYOU Media and QYOU India, the expansion of QYOU Media and QYOU India in India and the results of operations therein, and the approval of Steve Beeks' appointment to the board of directors of QYOU Media. 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 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: Contacts: Holly Searle, Platform Communications - for QYOU Media, +44 (0) 207 486 4900, [email protected]; Natasha Roberton, VP Marketing, QYOU Media, +49 152 2254 7680, [email protected]; Jeff Walker, Investor Relations - for The QYOU, + 1 403 221 0915, [email protected]