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Tag: John Martin

  • Turner Broadcasting acquires majority stake in iStreamPlanet

    Turner Broadcasting acquires majority stake in iStreamPlanet

    MUMBAI: Turner Broadcasting System, Inc. has acquired a majority stake in iStreamPlanet, a company that operates in large-scale, live event streaming, TV Everywhere Network simulcasts and OTT multiplatform solutions.

     

    Turner will leverage iStreamPlanet’s technology to deliver its OTT programming, shift its core technology infrastructure to the cloud and develop new products and services for existing and new businesses. Turner’s diverse technology requirements, ranging from live news, simulcast networks, video on demand and multiplatform specific content will also enhance iStreamPlanet’s commercial offering. This transaction is an important piece of Turner’s ongoing technology transformation with the potential to advance technological capabilities across all of Time Warner Inc.

     

    Turner chairman and CEO John Martin said, “We’ve worked with iStreamPlanet in the past during the PGA Championship and they have also delivered world-class events such as the Super Bowl and Olympics to millions of viewers. There is no one better in the business. This partnership will expand our capabilities to offer live events within and outside of the traditional ecosystem and, by bringing iStreamPlanet’s innovative technology in-house, allow us to cultivate future business opportunities on digital platforms.”

     

    “Turner is a media powerhouse with tremendous reach via their entertainment and live sports programming, and strong relationships with advertisers. They have been a recognized innovator in the media industry, breaking ground first in cable and then in TV Everywhere. We couldn’t ask for a better partner to accelerate our growth and expand our portfolio of multiplatform OTT solutions to meet the changing needs of content owners and consumers,” added iStreamPlanet CEO and founder Mio Babic.

     

    Aside from Turner, iStreamPlanet works with a roster of media and technology companies. Under the terms of this deal, iStreamPlanet will remain a standalone entity and continue to conduct business and broker independent deals with existing and new third-party clients while working closely with Turner to explore new business opportunities.

  • Turner Broadcasting System ups Jeremy Legg as chief technology officer

    Turner Broadcasting System ups Jeremy Legg as chief technology officer

    MUMBAI: Turner Broadcasting System has elevated Jeremy Legg to the role of chief technology officer (CTO).

     

    Legg is currently head of technology strategy and product monetization for Turner.

     

    As CTO, Legg will develop and oversee the execution of Turner’s technology strategy, direct infrastructure investments and manage technology resources to maximize existing linear and digital businesses. He will build new relationships and forge new partnerships with content creators, linear and digital distributors and technology providers, as well as identify business and technology opportunities, investments and acquisitions that will drive growth across all Turner platforms. 

     

    Legg will report to Turner executive vice president and chief financial officer Pascal Desroches.

     

    Turner chairman and CEO John Martin said, “Under Jeremy’s leadership and the strategy he has put in motion, Turner has made significant strides in our digital businesses and core technology infrastructure. As CTO, the skill set and experience Jeremy brings to the table will enable us to capitalize on new business opportunities in a rapidly changing media landscape and position Turner as a digital innovator in the marketplace.”

     

    Legg added, “The acceleration of technological change and shift in how consumers view media continue to create a number of opportunities in the marketplace. Turner is already a trailblazer in the digital movement, from TV Everywhere to the way CNN gathers and reports news. I look forward to working with Turner’s Executive team and building upon the success of our existing digital business and infrastructure.”

     

    In his previous role, Legg developed Turner’s technology strategy and oversaw software development and digital infrastructure. In addition, as the former senior vice president of business development and multi-platform distribution for TBS, Inc., he oversaw TV Everywhere and all non-linear and product distribution and strategy across broadband, iTV and wireless.

     

    Prior to joining Turner, Legg was AOL, Inc vice president of business strategy and development. He has also held senior leadership roles with Oracle and Accenture.