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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.
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 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.