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STX Entertainment Receives Liberty Global Investment; Adds Bruce Mann To Board

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LOS ANGELES, Nov. 30, 2017 /PRNewswire/ — Robert Simonds, STX Chairman and CEO, today announced an investment from Liberty Global, the world’s largest international television and broadband company.  Simultaneous with the investment, Bruce Mann, Chief Programming Officer of Liberty Global, will join STX’s board of directors.  

Liberty Global operates in more than 30 countries across Europe, Latin America and the Caribbean with over 24 million customers who subscribe to over 50 million television, broadband internet and telephony services, and over 10 million mobile subscribers across 10 million access points. 

As Chief Programming Officer of Liberty Global, Mann is responsible for directing its overall content strategy and annual programming spend, as well as overseeing its content investments. Previously, he served as CEO at XYZ Networks, a joint venture between Liberty Global and News Corp., and has held leading roles in media and sports with TVN, Austar Entertainment, Time Warner, E! Entertainment and The Washington Redskins.

Mann joins leaders from private equity firms TPG and China-based Hony Capital, as well as Tencent, the Chinese internet giant, PCCW, the global telecommunications provider, and business interests of Gigi Pritzker and Dominic Ng, among others, on the STX board.

“Having one of the world’s biggest content distributors incentivized in STX’s continued success is gratifying confirmation of our brand and business strategy,” said Simonds.  “We look forward to benefiting from Bruce and Liberty Global’s counsel to accelerate our plans for expansion.”

Added Mann, “I am so pleased to be part of the team that made this investment in STX.  In this unprecedented and transformative time in our industry, it is more imperative than ever to align with the best partners and most forward-looking leaders.  With Bob, the STX team and its other sophisticated investors, I can’t think of a more proven group to chart the course for the future of entertainment.”

The Company’s film division recently released the U.S./China co-production “The Foreigner” with Jackie Chan and “A Bad Moms Christmas,” a much-anticipated follow up to last year’s hit, “Bad Moms,” and in December, will debut “Molly’s Game,” by Academy Award-winning writer/director Aaron Sorkin. 

On the television front, STXtv just announced “Valley of The Boom” which will premiere globally on National Geographic.  Its VR division inked deals with Horizon Media, the largest private media agency, to become its exclusive VR and 360 content provider, and last month, became the only VR company to

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