NEW YORK--(BUSINESS WIRE)--
Viacom Inc. (NASDAQ: VIAB, VIA) today announced the appointment of David
Lynn as President and CEO of Viacom International Media Networks (VIMN).
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Lynn is currently President of VIMN's operations in the UK, Northern and
Eastern Europe, encompassing more than 30 territories. As CEO of VIMN,
he will have management oversight of all of Viacom's media networks and
related businesses outside the U.S. Lynn will report to Bob Bakish, whom
he replaces as CEO of VIMN following Bakish's promotion to become
President and CEO of Viacom Inc. last month.
Lynn will be based in London but will also work regularly out of VIMN's
offices in New York.
Bob Bakish commented: "Viacom's international business has grown
strongly over the last decade and our operations managed out of the UK,
under David's leadership, have been integral to that growth. David has
an outstanding track record at the helm of our UK business, including
leading our successful acquisition and integration of Channel 5, and I
have great confidence in his ability to conceive and deliver an even
more ambitious growth strategy for VIMN in the years ahead."
David Lynn added: "This is an exciting time to be taking the reins, with
VIMN having a vital role to play in Bob's plans for accelerating
Viacom's growth and maximising its potential. Viacom has must-see
content, unrivalled global reach across TV and some of the world's most
digitally active and socially influential entertainment brands; I
believe we have very strong foundations and a clear blueprint for future
international growth and I look forward to working with Bob and the rest
of the team at VIMN to deliver it."
Since its formation in 2011, VIMN has grown profitability and continues
to expand Viacom's global footprint across TV and digital, with its 200
plus branded TV channels now reaching a cumulative 3.9 billion
subscribers across more than 180 countries and broadcasting in more than
40 languages. Successfully transitioning from TV to multiplatform
distribution, VIMN has significantly grown online engagement through the
launch of cutting edge digital properties including the Viacom Play Plex
mobile streaming apps that give on-demand access to the best TV content
from its brands, and built its branded presence on 3rd party
video-on-demand platforms. VIMN has also helped Viacom build a strong
presence for its brands across social platforms with an estimated 850
million fans and followers worldwide.
About David Lynn
David Lynn was promoted to President for Viacom International Media
Networks in the UK, Northern and Eastern Europe in 2014, having been
EVP, Managing Director since March 2007. In the time he has been running
the business, Viacom's UK operations have substantially increased
investment in local content and grown their share of UK TV viewing more
than three-fold.
David has management responsibility for the largest of Viacom's
geographic divisions outside the U.S. and played the leading role in the
acquisition of Channel 5 Broadcasting in 2014. Under his management,
Channel 5 has performed strongly, delivering its highest ever operating
profit in its latest financial year (to September 30th, 2016)
and growing its portfolio share amongst 16 to 34-year-old viewers by 9%.
Thanks to an equally strong performance by Viacom's UK pay TV channels -
including Comedy Central, MTV and Nickelodeon - Viacom accounted for one
in every six hours of UK commercial TV watched in 2016 by this key
demographic.
In addition to having oversight of Viacom's operations in the UK and
Ireland, David is responsible for its businesses in more than 30
countries across Scandinavia, Central and Eastern Europe, including
Russia and Israel, comprising 60 TV channels and numerous digital
properties.
David is also responsible for VIMN's international distribution strategy
outside the U.S. In this role, he has oversight of deals with VIMN's key
international affiliates and securing distribution for Viacom content on
a variety of online video-on-demand and TV Everywhere platforms and
services.
Previously, he was SVP, Managing Director, for Nickelodeon UK, where he
strengthened its position in one of the UK's most competitive viewing
demographics, launching Nick Jr. and kick-starting its digital strategy.
David is a member of Viacom's Global Inclusion Advisory Committee and
has championed the company's diversity strategy in the UK with Channel 5
re-joining the Creative Diversity Network and becoming a funding partner
of its Diamond diversity monitoring project.
About Viacom
Viacom is home to premier global media brands that create compelling
television programs, motion pictures, short-form content, apps, games,
consumer products, social media experiences, and other entertainment
content for audiences in more than 180 countries. Viacom's media
networks, including Nickelodeon, Comedy Central, MTV, VH1, Spike, BET,
CMT, TV Land, Nick at Nite, Nick Jr., Logo, Nicktoons, TeenNick, Channel
5 (UK), Telefe (Argentina) and Paramount Channel, reach over 3.9 billion
cumulative television subscribers worldwide. Paramount Pictures is a
major global producer and distributor of filmed entertainment. For more
information about Viacom and its businesses, visit www.viacom.com.
Keep up with Viacom news by following Viacom's blog at blog.viacom.com
and Twitter feed at www.twitter.com/viacom.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170111005533/en/
Viacom International Media Networks
Matt Baker, +44 20 3580 2101
Matt.Baker@vimn.com
or
Viacom
Inc.
Alex Rindler, 212-846-4337
Alex.Rindler@viacom.com
Source: Viacom Inc.
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