Loton Subsidiary Enters Into Agreement With Andy Schuon Through His Elevated Networks Company to Assist in the Development of...
March 02 2015 - 5:48PM
Business Wire
Loton, Corp. (OTC Pink: LTNR) announced that it has entered into
an agreement with Elevated Networks for its FestreamTV platform.
Elevated Chairman Andy Schuon, who co-founded REVOLT Media & TV
with Sean “Diddy” Combs, will lend his expertise in brand building
and content creation to the project.
Mr. Schuon brings decades of experience to Loton and FestreamTV.
He is co-founder of REVOLT Media & TV. REVOLT is one of the
fastest growing multi-platform networks in traditional, mobile and
social media distribution. After leading the world famous KROQ-FM
Los Angeles as program director, and MTV, MTV2, and VH1 as
Executive Vice President, Programming and Production earlier in his
career, Mr. Schuon was CEO of pioneering Sony/Universal online
music subscription service Pressplay (re-named Napster). He worked
with the world’s top artists as Executive Vice President/General
Manager of Warner Bros. Records, was the head of digital and
President, Artist Services at Live Nation/Ticketmaster, President
of Infinity Broadcasting (now CBS Radio) and has served on the
boards of Premiere Networks, Hot Topic Stores, iLike.com, and
Coinstar/Redbox’s new ventures.
“Andy is one of the leading visionaries in the entertainment
industry. He has extensive experience in programming, networks and
distribution and adds to the world class Loton team. He is a
tremendous talent that we’re thrilled to have working with us,”
commented Robert Ellin, Executive Chairman and President of Loton,
Corp. “With the combined skills of our team, we are now in position
to continue to build and buy assets in the music, entertainment,
and technology space.” “The team that Rob is attracting to
FestreamTV is truly extraordinary,” Elevated Networks Chairman Andy
Schuon remarked. “I’m thrilled to be part of it, and look forward
to helping shape Rob’s vision for the business and aid in the
launch of FestreamTV’s platform this summer. FestreamTV fits
squarely within my company’s mission, and my personal passion which
is to be on the leading edge of monetizing and presenting music and
media content across all platforms.”
About Loton, Corp.
In April 2014, Loton, Corp. acquired a fifty percent interest in
KOKO, a premier multimedia and lifestyle brand and one of London’s
iconic live music venues. KOKO is internationally renowned for
delivering over 250 live music events per annum for the past ten
years. Loton is backed by Trinad Capital, a micro-cap and small-cap
activist hedge fund based in Los Angeles, California. The fund is
led by Robert Ellin, a seasoned portfolio manager with 25 years of
investment experience. Mr. Ellin spearheaded investments in several
publicly traded companies including ThQ, Grand Toys, Forward
Industries (FORD), Majesco Entertainment (COOL), Command Security
(MOC), Mandalay Digital Group (MNDL), iVillage (IVIL), Points
International (PCOM), as well as private companies including
iWon.com and SS industries.
About Elevated Networks
Elevated Networks was born out of necessity. Its founder Andy
Schuon was constantly being asked to help brands and media
companies. Eventually he took all of his relationships and
experiences at MTV, VH1, KROQ-FM Los Angeles, CBS Radio, Warner
Bros. Records, Vivendi-Universal, and many other entertainment
companies, and put them to work amassing a portfolio of owned and
operated businesses and partner relationships.
Elevated Networks creates brands and content, and manages
programming, production and strategy for every video and audio
platform.
Elevated owns and operates Elevated Music Group which is a fully
licensed background music service broadcast to hotel-casino,
restaurant, and retail locations in several countries. In
addition, Elevated Networks has interests in cable television,
mobile video applications, and a platform that allows artists and
brands to maintain and grow their connection and commerce
opportunities directly with their fans. This year Elevated is
focused on OTT “Over The Top” networks with several multi-platform
businesses in development.
Forward-Looking Statement
Statements in this news release concerning future results from
operations, financial position, economic conditions, product
releases and any other statement that may be construed as a
prediction of future performance or events are forward-looking
statements which involve known and unknown risks, uncertainties and
other factors which may cause actual results to differ materially
from those expressed or implied by such statements. These factors
include uncertainties as to levels of orders, ability to record
revenues, release schedules, market acceptance of new products,
changes in economic conditions and market demand, pricing and other
activities by competitors, and other risks including those
described from time to time in the Company’s filings on Forms 10K
and 10Q with the Securities and Exchange Commission (SEC), press
releases and other communications.
Loton, Corp.Robert Ellin, 310-601-2500Executive Chairman and
President
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