Former Showtime Chairman and CEO Matthew Blank Joins CuriosityStream Executive Board of Directors
CuriosityStream, a leading independent factual media company reaching more than 13 million paying subscribers worldwide, has appointed entertainment and cable industry pioneer Matthew Blank to its board of directors effective immediately. Blank is the former Chairman and CEO of Showtime Networks, Inc., responsible for iconic global franchises including HOMELAND, DEXTER and BILLIONS. The announcement was made today by CuriosityStream founder and Chairman of the Board, John Hendricks.
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Matthew Blank joins CuriosityStream Executive Board of Directors (Photo: Business Wire)
"Matt Blank brings an extraordinary wealth of stunningly successful media experience to the CuriosityStream Board of Directors," said Hendricks. "When Matt took the helm at Showtime, I watched in admiration as he built the pay service over two decades into a leading world force in premium programming with an incredible roster of valuable mega-hits and brand-defining series. All of us at CuriosityStream welcome Matt's role on our board of directors, where he'll provide skillful guidance and wise advice in our mission to deliver the absolute best in premium factual entertainment."
"Matt was an early champion of the rich global opportunity in streaming blue-chip content to consumers both directly and with distribution partners of scale," said Clint Stinchcomb, President and CEO of CuriosityStream. "I couldn't be more delighted that Matt has agreed to join our board. As we grow organically and through opportunistic acquisition, Matt's strategic guidance will be invaluable."
Blank's career in the entertainment industry spans over four decades. Most recently, he served as an advisor to Showtime Networks Inc., having spent over 20 years as Chairman and CEO of the company, after formerly serving as President, as well as COO and EVP of Marketing. He previously worked at HBO for 12 years, eventually serving as Senior Vice President of Consumer Marketing.
'I've known John Hendricks for over 30 years and he is truly one of the great media entrepreneurs of our time," said Blank. "There is such incredible opportunity for growth in the industry right now and I'm thrilled to join with John and his top-notch team at CuriosityStream to deliver on his core vision to share the best factual entertainment with viewers around the globe."
Blank currently sits on the board of Cumulus Media Inc., as well as Madison Square Garden Entertainment Corp., and The Cable Center. He also served on the board of the National Cable Television Association (NCTA (News - Alert)) for nearly 25 years. Among many industry honors, he has been inducted into the Cable Televison and the Broadcasting and Cable Halls of Fame.
Blank is a graduate of the University of Pennsylvania's Wharton School of Business and holds an M.B.A. from Baruch College.
In August 2020, CuriosityStream and Software Acquisition Group, Inc., a special purpose acquisition company, announced they have entered into a definitive business combination agreement. Upon closing of the transaction, CuriosityStream common stock will be listed on the NASDAQ exchange under the ticker symbol "CURI". Completion of the proposed business combination is expected in the fourth quarter of 2020. The transaction will be effected pursuant to the terms and conditions of the Agreement and Plan of Merger, entered into by CuriosityStream and Software Acquisition Group, and the other parties thereto, which contains customary closing conditions, including the clearance of a proxy statement by the Securities and Exchange Commission approval by the shareholders of Software Acquisition Group, and certain regulatory approvals. At the closing of the transaction, CuriosityStream will continue to operate under the current management team and will be a led by a board of directors including Blank, John Hendricks, Elizabeth Hendricks, CuriosityStream President and CEO Clint Stinchcomb, Patrick Keeley, Vice Chairman, Investment Banking of Stifel, Nicolaus & Company, Inc., Jonathan Huberman, Chairman and CEO of Software Acquisition Group, and Mike Nikzad, Vice President of Acquisitions and Director of Software Acquisition Group.
Certain statements in this press release may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, CuriosityStream's expectations or predictions of future financial or business performance or conditions. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "predicts" or "intends" or similar expressions. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. Forward-looking statements are based on the current belief of the management of CuriosityStream, based on currently available information, as to the outcome and timing of future events, and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements. However, there can be no assurance that the events, results or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and CuriosityStream is not under any obligation, and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
In addition to factors identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: (i) ability to meet the closing conditions to the merger, including approval by stockholders of Software Acquisition Group on the expected terms and schedule and the risk that any regulatory approvals required for the merger are not obtained or are obtained subject to conditions that are not anticipated; (ii) the occurrence of any event, change or other circumstance that could cause the termination of the merger agreement or a delay in the closing of the merger; (iii) the effect of the announcement or pendency of the proposed merger on CuriosityStream's business relationships, operating results, and business generally; (iv) failure to realize the benefits expected from the proposed transaction; (v) risks that the proposed merger disrupts CuriosityStream's current plans and operations and potential difficulties in CuriosityStream's employee retention as a result of the proposed merger; (vi) the effects of pending and future legislation; (vii) risks related to disruption of management time from ongoing business operations due to the proposed transaction; (viii) risks related to CuriosityStream's limited operating history; (ix) the amount of the costs, fees, expenses and other charges related to the merger; (x) risks of the internet, online commerce and media industry; (xi) the highly competitive nature of the internet, online commerce and media industry and CuriosityStream's ability to compete therein; (xii) litigation, complaints, and/or adverse publicity; (xiii) the ability to meet Nasdaq's listing standards following the consummation of the proposed transaction and (ix) privacy and data protection laws, privacy or data breaches, or the loss of data.
Launched by media visionary John Hendricks, CuriosityStream is a leading global independent factual media company. Our documentary series and features cover every topic from space exploration to adventure to the secret life of pets, empowering viewers of all ages to fuel their passions and explore new ones. With thousands of titles, many in Ultra HD 4K, including exclusive originals, CuriosityStream features stunning visuals and unrivaled storytelling to demystify science, nature, history, technology, society, and lifestyle. CuriosityStream reaches over 13 million subscribers and is available worldwide to watch on TV, desktop, mobile and tablets. Find us on Roku, Apple (News - Alert) TV Channels and Apple TV, Xbox One, Amazon Fire TV, Google Chromecast, iOS and Android, as well as Amazon Prime Video Channels, YouTube TV, Sling TV, DISH, Comcast (News - Alert) Xfinity on Demand, Cox Communications, Altice USA, Suddenlink, T-Mobile, Sony, LG, Samsung and VIZIO smart TVs, Liberty Global, Com Hem, MultiChoice, StarHub, Totalplay, Millicom (News - Alert), Okko and other global distribution partners and platforms. For more information, visit CuriosityStream.com.