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SEC Filings

8-K
SEVEN STARS CLOUD GROUP, INC. filed this Form 8-K on 10/13/2017
Entire Document
 

 

Exhibit 99.1

 

 

Seven Stars Cloud Names Bruno Wu as CEO and Robert G. Benya as Director, President & Chief Revenue Officer

 

- Current Director Sean Wang and Current Director & CEO Bing Yang to resign effective immediately

 

- Both Mr. Yang and Mr. Wang will remain in advisory roles with SSC until the end of 2017 to assist with transitions; Both will then return to Sun Seven Stars Media Group in 2018

 

 

New York, NY, October 9, 2017 – Seven Stars Cloud Group, Inc. (NASDAQ: SSC) (“SSC” or the “Company” or “Seven Stars Cloud”) announced today several management and Board of Director changes that will be effective immediately: 

 

Mr. Robert G. Benya will join the Company as President & Chief Revenue Officer (“CRO”) as well as a member of the Board of Directors. Mr. Benya is a highly distinguished media executive with over 35 years of experience who has pioneered numerous businesses and product innovations in the U.S. and Scandinavian cable television industries. In the 1980’s, he was the Chief Revenue Officer for Time Warner Cable (TWC) and helped lead the transformation of the fledgling cable TV business into a multi-billion dollar enterprise. In the 1990’s, Mr. Benya led numerous innovations at TWC and helped create new, multi-billion dollar businesses including: Road Runner High Speed Internet, Broadband Portals, Online Video Stores, Advertising Sales Interconnect Joint Ventures, Pay Per View, Video on Demand, Interactive TV and Cloud DVR services. From 2009-2017, he was the President & CEO of IN DEMAND, the global leader in Pay Per View and Video on Demand sports and entertainment services, with over $1 billion in annual revenues driven by the acquisition and distribution of over 350,000 hours of professional sports (MLB, NBA, NHL and MLS), ring sports (UFC, HBO and Showtime Boxing and WWE Wrestling) and a 12,000 title catalogue of new release and library HD Movies, for on demand viewing, sourced from over 80 major and independent studios.