WARNING: We have detected your browser is out of date. For both performance, security and a better web experience you should keep up to date to avoid viruses, malware, hijacking and stay on top of compatibility features.
 
RSS Feed

 

   

 

Shane McMahon Steps Down As CEO of YOU On Demand

Posted By: Ben Kerin on Sep 03, 2013

Shane McMahon Steps Down As CEO of YOU On Demand

Shane McMahon has voluntarily stepped down as CEO of YOU On Demand, the first national Pay-Per-View and Video On Demand platform in China. McMahon will continue to serve as YOD's principal executive officer of and Chairman of the Board.

Press Release: 

NEW YORK, July 12, 2013 /PRNewswire/ -- YOU On Demand Holdings, Inc. (NASDAQ: YOD) ("YOU On Demand" or the "Company"), the first national Video On Demand (VOD) platform in China, is pleased to announce that Mr. Weicheng Liu, in conjunction with the recently announced closing of the strategic investment from Chinese mobile video service provider C Media ("C Media"), was appointed as the Company's Chief Executive Officer.  Mr. Shane McMahon, who voluntarily stepped down as CEO of the Company, will continue to serve as YOD's principal executive officer of and Chairman of the Board.

Commenting on the announcement, Mr. McMahon said, "Weicheng has been instrumental in YOU On Demand's initial success and has done a wonderful job as the Company's China-based CEO. As our operations and footprint continue to expand throughout China, it is essential that the role of the CEO be located within the PRC for both strategic and operational reasons.  Weicheng is both a remarkable person and leader and I look forward to continuing to build the YOU On Demand brand with him. With Weicheng's new role, along with C Media's strategic investment in the company and their expertise in the market, I am very excited about the future for YOU On Demand."

Mr. Liu stated, "I am very excited and appreciative to have been named as CEO of YOU On Demand. Along with many others in the Company, Shane and I have worked very hard over the past three years in creating YOU On Demand and I am very optimistic about our future success.  We have tremendous potential to continue our creation of a unique, multi-tiered distribution platform that will deliver a wide array of entertainment content. The Chinese media market is changing quickly and we are focused on continuing to adapt in order to best serve its consumers."


Tags: #shane mcmahon

⚡ Explore WNS


Jump To Comments

Popular Tags

Popular Articles

Share Article

Follow WNS

 

 Follow us on X @WNSource 

 Follow us on Instagram & THREADS

 LIKE us on Facebook 

 

⚡ News tip? Email ben@wrestlingnewssource.com 

 

https://wrestlr.me/31045/  
Adding comments is disabled due to age of article.
 

© 2006-2024 wrestlingnewssource.com

All rights reserved. All other trademarks, logos, video, likeness and copyrights are the property of their respective owners.
Terms of Service · Privacy Policy · Π