Cinram International Income Fund announced that Scott Lowy, former Head of Studio Operations at Sony DADC, has joined Cinram’s 1K Studios digital media subsidiary.
For more information visit: www.cinram.com
Unedited press release follows:
Industry Veteran Joins Cinram’s Media Services Team in Los Angeles
TORONTO, January 26, 2011 – Cinram International Income Fund (“Cinram” or the “Fund”) (TSX: CRW.UN), is pleased to announce that Scott Lowy, former Head of Studio Operations, Sony DADC has joined Cinram’s Digital Media subsidiary 1K Studios.
Mr. Lowy will take on the newly established leadership role of Vice President, Media Services, where he will oversee the Blu-ray and DVD Compression and Authoring teams in Burbank, CA and Olyphant, PA, and will focus on extending the company’s technology portfolio, capabilities and customer service profile. 1Ks Media Services Group is part of a larger Digital Supply Chain initiative being lead by Cinram SVP Digital Strategy and Architecture, John Crosier. Lowy will also work with Mr. Crosier to integrate and streamline the production process for clients wishing to use Cinram for end-to-end optical and digital distribution services.
In his former role at Sony, Mr. Lowy oversaw the successful development and delivery of highly complex DVD, Blu-ray and Digital projects. Prior to his work at Sony, Lowy served as SVP Marketing Operations for Avi Lerner’s First Look Studios, where he managed the company’s release strategy for DVD, Blu-ray and Digital products.
“These are exciting times for our industry.” Lowy says. “We are at another important turning point in the way in which content is created, manipulated, distributed and consumed, and I am thrilled to be part of a forward thinking and innovative organization like 1K Studios.”
1K Studios is a leading provider of multi-platform product development, content and marketing services. The company’s acquisition by Cinram earlier this year, and the hiring of respected talent like Mr. Lowy, demonstrate Cinram’s continued commitment to its core clients in the Home Media industry and its ongoing investment in the people and resources needed to enable steady and sustainable growth in traditional and emerging Home Media markets.
“Scott brings a great combination of vendor and client-side experience to 1K’s Media Services team” comments Steve Klinenberg, SVP of Technology & Operations, 1K Studios, “With the integration of our Compressing and Authoring, Digital and Mobile Development teams, we are now positioned to service clients across every platform.”
About 1K Studios
Based in Los Angeles, 1K Studios has been helping clients develop and market the world’s most popular entertainment, media, software and consumer electronic products for 14 years. The company is dedicated to creating engaging and innovative experiences through the collaborative work of artists, filmmakers, technologists and other visionaries.
About Cinram
Cinram International Inc., an indirect, wholly-owned subsidiary of the Fund, is one of the world’s largest providers of pre-recorded multimedia products and related logistics services. With facilities in North America and Europe, Cinram International Inc. manufactures and distributes pre-recorded DVDs, Blu-ray Discs, audio CDs, and CD-ROMs for motion picture studios, music labels, publishers and computer software companies around the world. Cinram also provides distribution and logistics services to the telecommunications industry in North America through its wireless subsidiaries. The Cinram group of companies now also incorporates 1K Studios, a digital media firm based in Los Angeles specializing in building enhanced consumer experiences for movies, TV shows, music, books and games. The Fund’s units are listed on the Toronto Stock Exchange under the symbol CRW.UN. For more information, visit www.cinram.com.