Lauren Zalaznick To Chair National CineMedia Board; Bernadette Aulestia, Joe Marchese Directors As In-Theater Ad Network Exits Chapter 11


Nationwide CineMedia shares are popping right now in a down market because the cinema promoting firm emerged from Chapter 11 and named former high executives of NBCUniversal, HBO and Fox to a reconstituted, and fairly spectacular, board of administrators.

Lauren Zalaznick, previously EVP & Chair, Leisure & Digital Networks, Comcast NBCUniversal, is now board chair. “We on the board commend the NCM team for navigating through this important process without disruption to its operations or customer relationships,” she stated in a press release. “With the successful completion of the restructuring, NCM is laser-focused on its best-in-class, full-funnel advertising solutions and innovative data technology, empowering advertisers to reach moviegoing audiences with scale and measurability.”

Zalaznick presently works with corporations on content material, advertising, gross sales and direct-to-consumer methods and is a senior advisor to Boston Consulting Group’s International TMT Apply. She sits on the boards of RTL Group and GoPro.

Different administrators now embrace: Bernadette Aulestia, former President, International Distribution HBO. She serves on the boards of Nexstar Media Group and Denny’s, and Joe Marchese, former head of promoting for Fox Networks Group, presently CEO of media and tech holding firm Consideration Capital. Marchese can be co-Founder and govt chairman of Human Ventures, a number one start-up studio and enterprise fund, and a associate/co-founder of Casa Komos Manufacturers Group, a portfolio of elevated hospitality manufacturers.

Additionally on the board: Jean-Philippe Maheu, former International VP, Consumer Options & Promoting Gross sales at Twitter, CEO of Razorfish, International CEO of Publicis Modem, and chief digital officer, North America, Ogilvy & Mather; Juliana Hill, a longtime finance govt at iHeartMedia and Clear Channel Outside Holdings; Nicholas Bell, CEO of Fanatics Dwell, previously a high exec at Google’s Search Expertise, Snap and Information Corp.; David E. Glazek, associate at Normal Common and adjunct professor at Columbia Enterprise College, previously at Lazard Frères and Blackstone Group; and Tiago Lourenço, associate at Blantyre Capital, previously at Oaktree Capital, Goldman Sachs and Bain.

The nation’s largest movie show promoting community filed a voluntary Chapter 11 petition in U.S. District Court docket within the Southern District of Texas in April. It’s the identical court docket the place Regal mum or dad Cineworld was additionally restructuring. NCM tussled with Regal through the course of as the enormous chain regarded to transform a long-term settlement. NCM was initially launched by Regal, AMC Leisure and Cinemark, who had been main shareholders.

The corporate is now underneath the possession of its prepetition secured lenders, with holding firm Nationwide CineMedia, Inc. retaining a 13.8% stake.

NCM’s monetary restructuring has eradicated $1.2 billion of debt and strengthened its capital construction. The corporate has additionally entered right into a $55-million exit financing facility to fund future progress initiatives.

A particular assembly of stockholders earlier this month authorised a 1-for-10 reverse inventory break up, which can increase the share worth. It was a situation of the restructuring because the shares risked being delisted from the Nasdaq market with out it.

“This important milestone marks the beginning of a new era of growth,” stated CEO Tom Lesinski, of the exit from Chapter 11. “With a restructured balance sheet, the most advanced data and advertising solutions in the industry, and access to the biggest moviegoing audiences, we are now positioned to capitalize on new and exciting opportunities. We continue to experience record-breaking box office performance with Barbie and Oppenheimer seen by almost 60 million consumers to date, driving maximum awareness of the power of movies and the cultural conversation that they ignite. With these tailwinds propelling us forward, NCM will continue to unite brands with young, diverse audiences at movie theaters nationwide during the biggest cultural moments of the year.”

Nationwide CineMedia shares are up 12.6% at $3.31.

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