LOS ANGELES, July 26, 2018 (GLOBE NEWSWIRE) -- Cinedigm Corp. (NASDAQ:CIDM) announced today that effective immediately, Mark Torres has been hired as Vice President of Human Resources.
Torres has served as a senior Human Resources executive with such notable companies as Sony Pictures Entertainment, Ticketmaster and Reed Elsevier/Variety, as well as several technology and media start-up companies. Mark also served as SVP of People & Culture at AdTec/Rubicon Project building their first internal HR function in preparation of their IPO. In addition to consulting with several start-up media organizations, Mark served as the VP of HR and Administration at ideation/advertising leader, phenomenon.
“Given the recent investment by Beijing-based Bison Capital, now is the perfect time for us to have a highly experienced executive like Mark join our organization,” said Gary Loffredo, General Counsel/Cinedigm. “As a majority owned Chinese company, Cinedigm is poised for strategic growth both in Asia and across the globe and we know Mark can help us succeed in that area.”
“I'm very excited to bring my HR management experience in supporting organizations undergoing growth and change to Cinedigm," said Torres. “I started my HR career at Embassy Television and am thrilled to be back in the entertainment sector.”
Torres will be based in Cinedigm’s Sherman Oaks office.
Mark is a graduate of California State University, Long Beach with a Bachelor’s Degree in Telecommunications. Mark is a founding member of the EHRN (Entertainment Human Resources Network), whose members include Human Resources executives and managers from all major studios and media companies in the LA metropolitan area.
Cinedigm powers custom content solutions to the world’s largest retail, media and technology companies. We provide premium feature films and series to digital platforms including iTunes, Netflix, and Amazon, cable and satellite providers including Comcast, Dish Network and DirecTV, and major retailers including Walmart and Target. Leveraging Cinedigm’s unique capabilities, content and technology, the Company has emerged as a leader in the fast-growing over-the-top (OTT) channel business, with four channels under management that reach hundreds of millions of devices while also providing premium content and service expertise to the entire OTT ecosystem. Learn more about Cinedigm at www.cinedigm.com.
In November 2017, Bison Capital became the beneficial owner of the majority of Cinedigm’s outstanding Class A Common Stock. Bison Capital is a Hong Kong-based investment company with a focus on the media and entertainment, healthcare and financial service industries. Founded by Mr. Peixin Xu in 2014, Bison Capital has made multiple investments in film and TV production, film distribution and entertainment-related mobile Internet services.
Cinedigm is now working closely with Bison to develop plans and forge partnerships to release entertainment content and develop OTT channels in China while, reciprocally, releasing Chinese content and new OTT channels in North America.
Jill Newhouse Calcaterra, 310-466-5135
Source: Cinedigm Digital Cinema Corp.