LOS ANGELES--(BUSINESS WIRE)--Loton, Corp. (LTNR) announced that media and entertainment studio executive Christopher J. McGurk has joined Loton, Corp.’s Advisory Board.
Chris McGurk has over 30 years of experience in executive leadership positions at MGM Studios, Overture Films, Anchor Bay Entertainment, Universal Studios, Disney Studios, Pepsico and Price Waterhouse.
Since 2011, McGurk has been Chairman of the Board and CEO of Cinedigm Corp (NASDAQ: CIDM), a leading independent content distributor in the United States. Under McGurk’s leadership, Cinedigm has evolved from its pioneering origin as the premiere digital deployment company to become one of the largest independent distributors of film and TV content across all media platforms in the United States. Cinedigm’s first channel, DOCURAMA, launched in May 2014, and is currently available on iOS, Roku, Xbox and Samsung, with additional platforms currently being rolled out. Cinedigm launched CONtv, a Comic Con branded channel in partnership with WIZARD WORLD, on March 3, 2015. The Company’s third OTT channel, DOVE MOVIE CHANNEL, will be a digital streaming subscription service targeted to families and kids seeking high quality and family friendly content approved by Dove Foundation. Adding to Cinedigm’s diversified portfolio of digital networks, the Company announced in early 2015 an OTT partnership with TV4 Entertainment and the planned launch of the BRIGHT Edutainment OTT channel.
“Chris has fantastic experience in media and evolving platforms. He will help direct our new content and delivery platform initiatives,” commented Robert Ellin, Executive Chairman and President of Loton, Corp.
About Loton, Corp.
In April, 2014, Loton, Corp. acquired a fifty percent interest in KOKO, a premier multimedia and lifestyle brand and one of London’s iconic live music venues. KOKO is internationally renowned for delivering over 250 live music events per annum for the past ten years. Loton is backed by Trinad Capital, a micro-cap and small-cap activist hedge fund based in Los Angeles, California. The fund is led by Robert Ellin, a seasoned portfolio manager with 25 years of investment experience. Mr. Ellin spearheaded investments in several publicly traded companies including ThQ, Grand Toys, Forward Industries (FORD), Majesco Entertainment (COOL), Command Security (MOC), Mandalay Digital Group (MNDL), iVillage (IVIL), Points International (PCOM), as well as private companies including iWon.com and SS industries.
Statements in this news release concerning future results from operations, financial position, economic conditions, product releases and any other statement that may be construed as a prediction of future performance or events are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements. These factors include uncertainties as to levels of orders, ability to record revenues, release schedules, market acceptance of new products, changes in economic conditions and market demand, pricing and other activities by competitors, and other risks including those described from time to time in the Company’s filings on Forms 10K and 10Q with the Securities and Exchange Commission (SEC), press releases and other communications.