[September 30, 2014]

Interlude Names Silicon Valley Veteran Jim Spare as President and Chief Operating Officer

Interlude, a digital media company that designs, develops and markets interactive video technology, today announced the appointment of Jim Spare to president and chief operating officer, a new position within the company. In his position, Spare will oversee all business and operational functions at Interlude, focusing on expanding Interlude's customer base and growing the profile of interactive video within the digital media industry.

Drawing upon his 20 years of experience, Spare will drive and extend Interlude's market leadership in interactive video. He will be responsible for growing Interlude's business and work with CEO Yoni Bloch and the rest of the management team on managing the rapid growth of the company. Spare will also spearhead the development, communication and implementation of effective growth strategies and processes, including sales and marketing, finance, product development and R&D functions.

"We are thrilled to welcome Jim to the Interlude family," said Bloch. "We have a lot of exciting developments on the horizon that will enable us to ontinue our rapid growth as the leader in interactive video. Jim will play a key role in making interactive video mainstream and opening a new realm of possibility for creative storytelling, viewer engagement and business opportunity."

Spare has spent his career leading the growth of disruptive technology businesses in the media and entertainment ecosystem. Most recently, he led a venture-financed 3D sensing company, Canesta, as CEO from 2006 through its successful sale to Microsoft (News - Alert) in 2010 for Xbox One Kinect. Spare has also driven strategy for small and large companies spanning a variety of technologies, including software, mobile, broadband telecommunications, semiconductors and consumer Internet services. Earlier in his career, he honed his skills in business development and product management roles in large companies such as Microsoft and General Instrument/Motorola (News - Alert).

"Interlude is on the cusp of transformational growth, which is why I'm thrilled to join the company at this inflection point," said Spare. "I was drawn to Interlude because it has a winning combination of team and technology that position the company to shape and influence the future of consumer engagement. I look forward to working with the talented Interlude team to propel the company into a new era of leadership in digital media."

Spare is a graduate of North Carolina State University and holds an MBA from The Tuck School of Business at Dartmouth.

About Interlude

Interlude (www.interlude.fm) is a digital media company that designs, develops and markets technologies and platforms to enable interactive video creation and distribution across multiple markets and devices. Interlude's self-serve authoring suite, Treehouse, enables all video creators - from enthusiasts to musicians to cinematographers to leading brands - to create interactive videos. Founded by Israeli musician Yoni Bloch and his band, Interlude is backed by Sequoia Capital, Intel (News - Alert) Capital, NEA, Marker and Innovation Endeavors.

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