Lou Schwartz Named WWE® Chief Digital Officer
October 13 2014 - 9:00AM
Business Wire
WWE (NYSE:WWE) today announced the appointment of Lou Schwartz
as the company’s Chief Digital Officer. Schwartz, who previously
held executive level positions at UUX, Piksel and Multicast, will
report directly to WWE Chairman & CEO Vince McMahon.
Schwartz will lead WWE’s Digital Media division and be a key
member of the company’s senior management team. Schwartz’s primary
focus will be on expanding WWE’s digital and social media presence
and profitability. He will also be responsible for developing
strategic plans and initiatives for all digital platforms including
WWE.com, WWE App and social media where WWE has a passionate fan
base of nearly 415 million worldwide. In addition, Schwartz will
oversee product development and operations for WWE Network, the
first over-the-top (OTT) 24/7 streaming network with scheduled and
live programming as well as a massive video-on-demand library.
Schwartz is a seasoned technology and digital media executive
who brings more than 20 years of experience in strategy, marketing,
product development, finance and operations management. Schwartz is
known as a key pioneer in the development of Internet video
management and delivery, and the emerging OTT multi-screen TV
market.
Prior to joining WWE, Schwartz was CEO of UUX, where he
successfully led the merger of Totalmovie, a leading Latin American
retail OTT service, with OTT Networks, a best-in-class Brazilian
content management software and service company, to form the first
cloud based OTT platform for next generation operators around the
world.
Before UUX, Schwartz was CEO of the Americas and General Counsel
for Piksel, one of the world’s premier providers of advanced online
video software and services, where he led regional operations,
corporate governance, business development, strategic direction,
product management, software development and delivery processes.
Earlier in Schwartz’s career, he co-founded and served as Chairman
and CEO of Multicast Media Technologies Inc., one of the first
Internet video platform companies, which was sold to Piksel in
March 2010.
Schwartz graduated from Pennsylvania State University with a
Bachelor of Science degree in Real Estate Finance before receiving
a Juris Doctorate from the Mississippi College School of Law.
About WWE
WWE, a publicly traded company (NYSE:WWE), is an integrated
media organization and recognized leader in global entertainment.
The company consists of a portfolio of businesses that create and
deliver original content 52 weeks a year to a global audience. WWE
is committed to family friendly entertainment on its television
programming, pay-per-view, digital media and publishing platforms.
WWE programming is broadcast in more than 170 countries and 35
languages and reaches more than 650 million homes worldwide. The
company is headquartered in Stamford, Conn., with offices in New
York, Los Angeles, London, Miami, Mexico City, Mumbai, Shanghai,
Singapore, Dubai, Munich and Tokyo.
Additional information on WWE (NYSE:WWE) can be found at wwe.com
and corporate.wwe.com. For information on our global activities, go
to http://www.wwe.com/worldwide/.
Trademarks: All WWE programming,
talent names, images, likenesses, slogans, wrestling moves,
trademarks, logos and copyrights are the exclusive property of WWE
and its subsidiaries. All other trademarks, logos and copyrights
are the property of their respective owners.
Forward-Looking Statements: This
press release contains forward-looking statements pursuant to the
safe harbor provisions of the Securities Litigation Reform Act of
1995, which are subject to various risks and uncertainties. These
risks and uncertainties include, without limitation, risks relating
to entering into, maintaining and renewing key agreements,
including television and pay-per-view programming and our new
network distribution agreements; risks relating to the launch and
maintenance of our new network; the need for continually developing
creative and entertaining programming; the continued importance of
key performers and the services of Vincent McMahon; the conditions
of the markets in which we compete and acceptance of the Company's
brands, media and merchandise within those markets; uncertainties
relating to regulatory matters; risks resulting from the highly
competitive and fragmented nature of our markets; uncertainties
associated with international markets; the importance of protecting
our intellectual property and complying with the intellectual
property rights of others; the risk of accidents or injuries during
our physically demanding events; risks associated with producing
and travelling to and from our large live events, both domestically
and internationally; risks relating to our film business; risks
relating to new businesses and strategic investments; risks
relating to our computer systems and online operations; risks
relating to general economic conditions and our exposure to bad
debt risk; risks relating to litigation; risks relating to market
expectations for our financial performance; risks relating to our
revolving credit facility specifically and capital markets more
generally; risks relating to the large number of shares of common
stock controlled by members of the McMahon family and the
possibility of the sale of their stock by the McMahons or the
perception of the possibility of such sales; the relatively small
public float of our stock; and other risks and factors set forth
from time to time in Company filings with the Securities and
Exchange Commission. Actual results could differ materially from
those currently expected or anticipated. In addition, our dividend
is dependent on a number of factors, including, among other things,
our liquidity and historical and projected cash flow, strategic
plan (including alternative uses of capital), our financial results
and condition, contractual and legal restrictions on the payment of
dividends, general economic and competitive conditions and such
other factors as our Board of Directors may consider relevant.
WWEMedia:Matthew Altman,
203-352-1177Matthew.Altman@wwecorp.comorInvestors:Michael Weitz,
203-352-8642Michael.Weitz@wwecorp.com
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