- 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.
Forward-Looking Statements
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.