LOS ANGELES, Nov. 30, 2017 /PRNewswire/ -- Robert
Simonds, STX Chairman and CEO, today announced an investment from
Liberty Global, the world's largest international television and
broadband company. Simultaneous with the investment,
Bruce Mann, Chief Programming
Officer of Liberty Global, will join STX's board of
directors.
Liberty Global operates in more than 30 countries across
Europe, Latin America and the Caribbean with over 24 million customers who
subscribe to over 50 million television, broadband internet and
telephony services, and over 10 million mobile subscribers across
10 million access points.
As Chief Programming Officer of Liberty Global, Mann is
responsible for directing its overall content strategy and annual
programming spend, as well as overseeing its content investments.
Previously, he served as CEO at XYZ Networks, a joint venture
between Liberty Global and News Corp., and has held leading roles
in media and sports with TVN, Austar Entertainment, Time Warner, E!
Entertainment and The Washington Redskins.
Mann joins leaders from private equity firms TPG and
China-based Hony Capital, as well
as Tencent, the Chinese internet
giant, PCCW, the global telecommunications provider, and business
interests of Gigi Pritzker and
Dominic Ng, among others, on the STX
board.
"Having one of the world's biggest content distributors
incentivized in STX's continued success is gratifying confirmation
of our brand and business strategy," said Simonds. "We look
forward to benefiting from Bruce and Liberty Global's counsel to
accelerate our plans for expansion."
Added Mann, "I am so pleased to be part of the team that made
this investment in STX. In this unprecedented and
transformative time in our industry, it is more imperative than
ever to align with the best partners and most forward-looking
leaders. With Bob, the STX team and its other sophisticated
investors, I can't think of a more proven group to chart the course
for the future of entertainment."
The Company's film division recently released the
U.S./China co-production "The
Foreigner" with Jackie Chan and "A
Bad Moms Christmas," a much-anticipated follow up to last year's
hit, "Bad Moms," and in December, will debut "Molly's Game," by
Academy Award-winning writer/director Aaron
Sorkin.
On the television front, STXtv just announced "Valley of The
Boom" which will premiere globally on National Geographic.
Its VR division inked deals with Horizon Media, the largest private
media agency, to become its exclusive VR and 360 content provider,
and last month, became the only VR company to be given a dedicated
channel on the Google Daydream platform.
About STX Entertainment
STX Entertainment is a global, next-generation media company
whose mission is to unlock the value of the direct connection stars
have with their fans through the development, financing,
production, marketing and distribution of film, television, VR,
digital video, music and live entertainment content. It is
the industry leader in transforming beyond traditional
platform-driven content to creating talent-driven
enterprises.
The company is led by accomplished businessman Robert Simonds and was co-founded by
Bill McGlashan, managing partner of
the leading global private investment firm TPG. Other
investors include Hony Capital, a leading private equity firm in
China; PCCW, Southeast Asia's largest Internet and cable
services provider; Tencent Holdings,
China's leading provider of online
products and services; Dominic Ng,
Chairman of East West Bank; DNS
Capital (representing the business interests of Gigi Pritzker and her immediate family); and
Beau Wrigley, former Chairman and
CEO of the Wm. Wrigley Jr. Company, among others. With these
strategic relationships, the company is uniquely positioned to
maximize the impact of content worldwide, with direct passage into
the China market.
For more information, please
visit http://www.stxentertainment.com.
About Liberty Global
Liberty Global is the world's largest international TV and
broadband company, with operations in more than 30 countries across
Europe, Latin America and the Caribbean. We invest in the infrastructure
that empowers our customers to make the most of the digital
revolution. Our scale and commitment to innovation enable us to
develop market-leading products delivered through next-generation
networks that connect our over 24 million customers who subscribe
to over 50 million television, broadband internet and telephony
services. We also serve over 10 million mobile subscribers and
offer WiFi service across 10 million access points.
Liberty Global's businesses are comprised of two stocks: the
Liberty Global Group (NASDAQ: LBTYA, LBTYB and LBTYK) for our
European operations, and the LiLAC Group (NASDAQ: LILA and LILAK,
OTC Link: LILAB), which consists of our operations in Latin America and the Caribbean.
The Liberty Global Group operates in 12 European countries under
the consumer brands Virgin Media, Unitymedia, Telenet and UPC. The
Liberty Global Group also owns 50% of VodafoneZiggo, a Dutch joint
venture, which has 4 million customers, 10 million fixed-line
subscribers and 5 million mobile subscribers. The LiLAC Group
operates in over 20 countries in Latin
America and the Caribbean
under the consumer brands VTR, Flow, Liberty, Más Móvil and BTC. In
addition, the LiLAC Group operates a sub-sea fiber network
throughout the region connecting over 40 markets.