Ascent Media Bolsters Executive Roster With Key Additions

July 27, 2009

SANTA MONICA, Calif., July 27 /PRNewswire-FirstCall/ — Ascent Media Group, a leading provider of creative, technical and content distribution services to the media and entertainment industries, today announced the addition of two key executives, Douglas Parrish, executive vice president of operations and Drake Pruitt, senior vice president of business development.

“Doug and Drake are both deeply experienced media and technology executives who will play essential roles in driving Ascent’s digital media growth strategy,” said Jose Royo, CEO of Ascent Media Group. “Doug’s focus is on expanding and enhancing our media management and content distribution solutions to further scale our global delivery platform as well as deliver the highest levels of satisfaction to Ascent’s clients. Drake’s role is focused on extending our customer base, building partnerships and identifying new strategic opportunities in this digital supply chain.”

As executive vice president of operations, Douglas Parrish is responsible for managing Ascent’s core media management systems integration and content distribution services. Reporting directly to Royo at Ascent’s Santa Monica corporate headquarters, Parrish’s focus will be on further integrating and rationalizing the company’s service lines in order to bring the scale, efficiencies and quality of service Ascent’s global clients have come to expect.

As senior vice president of business development, Drake Pruitt will lead the team responsible for identifying and pursuing broadly defined supply chain solutions with global media companies, content aggregators, distributors and digital service providers. Drake reports to Tom Kuehle, executive vice president, strategic solutions.

Douglas most recently served as senior vice president, operations and development at Move Networks, a Utah-based company that powers internet television for the world’s largest media companies, including Disney, ABC Television, ESPN, FOX, Harpo Productions, The NFL, CW, Televisa, and many others. Previously, he held the title of executive vice president and chief technology officer at the Walt Disney Internet Group in Burbank, CA, where he was responsible for the engineering and technical operation of Disney’s Internet, new media, and wireless businesses – including highly visited properties such as Disney.com, ESPN.com, ABC.com, and ABCNEWS.com. Douglas also served as chief information officer for the Polaroid Corporation where he led the company’s consumer imaging business and directed worldwide information technology and eBusiness strategy for the brand.

Drake comes to Ascent after founding Disruptive Works Media, a consulting services firm building audiences for mobile application, casual game and entertainment content providers across all connected consoles. Previously, he served as CEO of Bocada, Inc, a venture-backed software company providing data protection management to Fortune 500 corporations and strategic managed services partners including IBM Global Services and Electronic Data Systems. Prior to Bocada, Drake served as vice president of sales for Aquantive Inc., a publically traded company that pioneered massively scalable online advertising targeting and serving. Aquantive was acquired by Microsoft Inc in 2007 for $6 billion.

About Ascent Media Group:

Santa Monica, California-based Ascent Media Group, LLC is a wholly-owned subsidiary of Ascent Media Corporation (Nasdaq: ASCMA). With more than 40 facilities worldwide, Ascent Media Group is a leading provider of fully integrated, end-to-end services for the global digital media supply chain. Guided by our entrepreneurial culture, we blend breakthrough creative with emerging technologies to deliver some of the most advanced and innovative media solutions to help film and television studios, independent producers, broadcast networks, cable channels, advertising agencies and other companies make, manage, move and monetize their digital media.

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of Ascent Media Corporation and its subsidiaries or industry results, to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks, uncertainties and other factors include, among others: the risks and factors described in the statements and reports of Ascent Media Corporation filed or furnished with the Securities and Exchange Commission (and publicly available at the Securities and Exchange Commission’s website, www.sec.gov); general economic and business conditions and industry trends; spending on television advertising, first-run content libraries and existing content libraries; the regulatory and competitive environment of the industries in which Ascent Media Corporation operates; rapid technological changes; future financial performance, including availability, terms and deployment of capital; changes in, or failure to comply with, government regulations, including, without limitation, regulations of the Federal Communications Commission, and adverse outcomes from regulatory proceedings; and competitor responses to Ascent Media Corporation’s products and services, and the overall market acceptance of such products and services, including acceptance of the pricing of such products and services. These forward-looking statements speak only as of the date of this Release. Ascent Media Corporation expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in Ascent Media Corporation’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

SOURCE Ascent Media Group, LLC

Source: newswire

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