LOS ANGELES, Aug. 14, 2017 /PRNewswire/ -- Entertainment Studios, Inc., (www.es.tv) one of the largest independent producers and distributors of first-run syndicated television programming for broadcast television stations, with 41 shows on the air, and owner of seven 24-hour HD cable television networks (PETS.TV, COMEDY.TV, RECIPE.TV, CARS.TV, ES.TV, MYDESTINATION.TV, and JUSTICECENTRAL.TV) reaching nearly 80 million aggregate subscribers nationwide, proudly announces the appointment of Eric Gould as Executive Vice President of Finance & Chief Investment Officer. Gould will work out of the Entertainment Studios headquarters in Los Angeles.
In his new position, Gould will oversee investments, mergers & acquisitions, and corporate finance for all of Allen's Entertainment Studios media divisions, including: broadcast television syndication, advertising sales, all seven 24-hour cable television networks, the digital video-centric news platform The Grio, as well as theatrical motion picture co-productions and global distribution for Allen's recently-acquired theatrical and digital movie distribution divisions Entertainment Studios Motion Pictures and Freestyle Digital Media. Entertainment Studios Motion Pictures recently released 2017's highest-grossing independent movie, the Mandy Moore/Claire Holt shark thriller 47 METERS DOWN, which has grossed over $43.3 million to date. Gould reports directly to Entertainment Studios Founder, Chairman, and CEO, Byron Allen.
Gould comes to Entertainment Studios directly from a three-year stint at Guggenheim as a Managing Director and Senior Portfolio Manager, where he was responsible for the investment development and strategies for approximately $20 billion of the firm's $240 billion in client assets. Mr. Gould has more than 20 years of experience in finance, capital markets, and asset management with an emphasis on managing multi-sector portfolios and alternative investment strategies. Prior to joining Guggenheim, Mr. Gould was the Head of Portfolio Management at the Munich Re Group where he was responsible for the North American investment strategies and served as a member of the Investment Committee and Corporate Officer. Also, he was actively involved in developing capital markets relationships, alternative investment strategies and the firm's operational risk management committee. Before joining Munich Re in 2007, Mr. Gould was a Senior Vice President and Senior Portfolio Manager at GE Asset Management where he headed the Structured Products Group. Prior to that, Mr. Gould spent six years at MetLife's investment department where he managed structured products and real estate investments as well as analyzed M&A opportunities. Mr. Gould earned his MBA from Loyola University of Chicago and B.A. from Indiana University.
"I believe in Byron's vision for Entertainment Studios and see many opportunities for the company to expand its ever-growing media businesses," said Eric Gould. "The future of Entertainment Studios is brighter than ever and I am excited to join the team."
"Eric Gould is an outstanding addition to our Entertainment Studios family," said Byron Allen, Founder, Chairman, and CEO of Entertainment Studios. "Eric's extensive financial investment experience makes him the perfect addition to our executive team as we continue to grow our global media company and aggressively pursue mergers and acquisitions."
About Entertainment Studios
Chairman and CEO Byron Allen founded Entertainment Studios in 1993. Headquartered in Los Angeles, it has offices in New York, Chicago, Denver, and Raleigh. Entertainment Studios owns seven 24-hour HD cable television networks serving nearly 80 million subscribers: PETS.TV, COMEDY.TV, RECIPE.TV, CARS.TV, ES.TV, MYDESTINATION.TV, and JUSTICE CENTRAL.TV. The company also produces, distributes, and sells advertising for 41 television programs, making it one of the largest independent producers/distributors of first-run syndicated television programming for broadcast television stations. With a library of over 5,000 hours of owned content across multiple genres, Entertainment Studios provides video content to broadcast television stations, cable television networks, mobile devices, multimedia platforms, and the World Wide Web. Our mission is to provide excellent programming to our viewers, online users, and Fortune 500 advertising partners.
In 2015, Entertainment Studios purchased Freestyle Releasing, now called Entertainment Studios Motion Pictures, a full-service, theatrical motion picture distribution company that specializes in representing independent companies, major studios, and mini-major studios for the purpose of exhibiting their films as first-class theatrical releases. ESMP released 2017's highest-grossing independent movie, the shark thriller 47 METERS DOWN, which has grossed over $43.3 million to date. The digital distribution unit of Entertainment Studios Motion Pictures, Freestyle Digital Media, supplies quality commercial film and TV content directly to all US VOD/SVOD rental DVD/Kiosks and theaters using the latest cloud-based technologies to automate digital workflow. Freestyle Digital Media provides our content audience a positive digital viewing experience on every device everywhere.
In 2016, Entertainment Studios purchased The Grio, a digital video-centric news community platform devoted to providing African-Americans with compelling stories and perspectives currently underrepresented in existing national news outlets. The Grio features aggregated and original video packages, news articles, and blogs on topics that include breaking news, politics, health, business, and entertainment. Originally launched in 2009, the platform was then purchased by NBC News in 2010. In 2014, The Grio founders purchased their company back from NBC News and has since tripled its traffic rate. The digital platform remains focused on curating exciting digital content and currently has more than 20 million annual visitors.
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SOURCE Entertainment Studios, Inc.