Magazine article Screen International

Liberty Global Makes Investment in STX

Magazine article Screen International

Liberty Global Makes Investment in STX

Article excerpt

TV and broadband giant Liberty Global has invested in STX.

Robert Simonds, STX chairman and CEO, said on Thursday (November 30) that TV and broadband giant Liberty Global has invested in STX and chief programming officer Bruce Mann will take a seat on the board.

While sources declined to specify the amount of the deal, Screendaily understands the investment is at same valuation as those by Tencent and PCCW.

Mann directs overall content strategy and annual programming spend at Liberty Global and oversees content investments. Prior to joining the company he served as CEO at XYZ Networks, a joint venture between Liberty Global and News Corp.

The executive has also held senior roles in media and sports at TVN, Austar Entertainment, Time Warner, E! Entertainment and The Washington Redskins.

The STX board comprises top brass from private equity firms TPG and China-based Hony Capital, as well as Tencent, the Chinese internet giant, PCCW, Gigi Pritzker and Dominic Ng, among others. …

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