Former Head of 20th Century Fox Interactive Joins Liquid Media
VANCOUVER, British Columbia, April 14, 2020 (GLOBE NEWSWIRE) -- Liquid Media Group Ltd. (the “Company”, “Liquid Media” or “Liquid”) (Nasdaq: YVR) proudly announces the addition of veteran interactive entertainment industry production executive Michael Timothy Doyle to its recently announced .
Doyle was previously Head of 20th Century Fox Interactive and Vice President of Production for FoxNext, focusing on PC, console and virtual reality (VR) game experiences. Among his successes, he concluded the most significant deal in Fox Interactive history by uniting Ubisoft Entertainment, Lightstorm Entertainment and 20th Century Fox for the video game adaptation of James Cameron’s Avatar film.
Additionally, Doyle oversaw production of the most successful Alien franchise video game ever made, Alien: Isolation, which won in 2014 by PC Gamer magazine.
"In the production business, operational expertise is critical for keeping productions on track and on schedule,” said Joshua Jackson, Chairman of Liquid Media. “Our visionary Advisory Board Chair, Wilson J. Tang, is rapidly building the team for our upcoming slate of content and we believe Mike will be an incredible asset along our production journey.”
“As a producer and production executive, Mike has overseen USD$300 million of content that is still generating significant revenue from its long tail,” said Daniel Cruz, CFO of Liquid Media. “His skill set aligns with Liquid’s plans to leverage its retro catalogue, repurpose titles across new platforms and/or into full media franchises, and transform new and currently owned titles into virtual reality.”
“I give kudos to Joshua Jackson and Liquid’s executive team for identifying this unique time in history for the interactive entertainment industry and launching the Company to capitalize on its studio-of-the-future platform,” said Doyle. "I’m excited to work on upcoming owned IP projects that Liquid advances into full-scale production and helping lead them through to successful completion.”
Led by digital entertainment legend Wilson J. Tang, to provide guidance to Company leadership on its ambitious and innovative plans to leverage market developments resulting from convergence in the emerging media and entertainment landscape.
Liquid has agreed to issue 25,000 stock options to Doyle, alongside the rest of the Board of Directors and advisors. To that end, he has been issued 25,000 incentive stock options, entitling him to purchase an aggregate of 25,000 common shares at an exercise price of USD$2.55 per share for a five-year term expiring at the close of business on April 13, 2025.
About Liquid Media Group Ltd.
Liquid Media Group Ltd. (Nasdaq: YVR) is an entertainment company with a strong portfolio of content intellectual property (IP) spanning creative industries. Originating in Vancouver’s media and entertainment supercluster, Liquid’s mission is to empower storytellers worldwide to develop, produce and distribute content across channels and platforms.
Liquid Media’s leadership team includes Chairman Joshua Jackson (actor / producer, television and film), Chief Financial Officer Daniel Cruz (previously of Canaccord Financial), Managing Director Charlie Brezer (serial entrepreneur), Director Stephen Jackson (Northland Properties), and Director Nancy Basi (VP of VRARA Vancouver - Virtual / Augmented Reality Association), alongside Advisory Board members Wilson J. Tang (acclaimed digital entertainment veteran), Andrew Kaplan (capital markets strategist), and Michael Timothy Doyle (veteran interactive entertainment industry production executive). Each brings decades of industry expertise and significant passion to advance the Company’s mission.
Additional information is available at .
Further information:
Daniel Cruz
Liquid Media Group Ltd.
+1 (416) 489-0092
Media requests:
Adam Bello
Media & Analyst Relations Manager
Primoris Group Inc.
+1 (416) 489-0092 x 226
Cautionary Note Regarding Forward-Looking Statements
This news release includes statements containing certain "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"). Forward-looking statements are typically identified by words such as: "believe", "expect", "anticipate", "intend", "estimate", "potentially" and similar expressions, or are those, which, by their nature, refer to future events. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such factors include, but are not limited to: regulatory actions, market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
