JACKSON, Miss., June 23, 2015 /PRNewswire/ -- Elation Media chairman Gerald Levin announced that New York entertainment investment banker Larry Haber has been tapped to serve as a financial consultant for Elation Media's $3 million Series A funding round.
"We structured a blend of traditional venture capital and crowdfunding for this new online TV start-up," said Levin. "It's time for ordinary accredited investors to have the same opportunities as those on Wall Street and Silicon Valley," he stated.
Elation's raise-up is currently featured on crowdfunding platform EquityNet.com.
"I'm honored and delighted that Bob Schnitzer (Elation's CEO) and Jerry Levin selected me for this exciting venture," Haber said. "Jerry's background as CEO of HBO and chairman/CEO of Time Warner brings experience and vision to Elation Media that's hard to replicate."
Elation Media owns and operates two consumer media brands: OTV Live, a 24/7 live linear channel, and OTV On Demand. "Both services deliver exclusive body-mind news, cutting edge information and enlightened entertainment online, on Pay TV systems and mobile devices worldwide," said Levin. "In other words, wherever there's a screen, we'll be on it."
Most of Haber's previous financing were project-oriented assignments, such as motion picture production, so for Haber, "the idea of funding for an ongoing enterprise was a refreshing change. I'm certainly not your typical holistic consumer, but I can see this service being profitable for decades to come." Haber smiled, "Guess it's time to throw out the hot dogs and start baking tofu."
Elation Media connects advertisers and brands with the highly engaged holistic consumer market, often referred to as the so-called LOHAS market. Programming topics include holistic health, personal growth, world peace and the environment, all within news, information and entertainment formats.
The company is based in Jackson, Mississippi and maintains a Century City office in Los Angeles, California. Haber will work out of Elation's new satellite office in New York, which the company will be announcing on July 1st. The company's website is ElationMedia.com.
Schnitzer and Haber had worked together on various movie and TV projects in the past. Schnitzer recommended Haber's engagement to the Elation board without reservation. "Having witnessed Larry's work ethic, integrity and equal comfort with people and numbers made him a natural choice for this assignment," said Schnitzer, adding "Jerry (Levin) and I couldn't be more pleased that he's accepted it."
Elation Media, Inc. is a vertically integrated content provider connecting advertisers and brands with highly engaged holistic consumers worldwide. The company delivers exclusive body-mind news, cutting edge information and enlightened entertainment to English language markets worldwide. Its two consumer media brands are OTV Live and OTV On Demand.
About Larry Haber, Financial Consultant
Larry Haber began his career as a commercial lending officer for Bankers Trust Company, and has since served as an independent financial consultant for a variety of banks and entertainment companies. From 1985-1998, he was a partner in a boutique investment banking company, where he obtained financing for dozens of independent motion picture distributors and production companies as well as businesses as diverse as Alpine Lace Cheese and Georgette Klinger Salons. In 1992-93, Haber was retained by J.P. Morgan Investment Bank regarding its investment in a new cinema chain based in Mexico City and was named an advisor to its board of directors. The chain, Cinemex, was later sold for $100 million. Prior to that, Haber served as EVP of RKO Century Warner Theaters and The Almi Group, its parent holding company.
Gerald Levin is the former Chairman/CEO of Time Warner Inc. He was the prime mover in the merger of Time Inc. and Warner Communications in 1990, Time Warner's merger with Turner Broadcasting and CNN in 1996, and with AOL in 2001. Before assuming leadership of Time Warner, he was CEO of HBO and was responsible for the startup of the network which he launched on cable and satellite. In addition, Levin has served as a Director of both the New York Stock Exchange and the New York Federal Reserve Bank. Earlier in his career, Levin was an attorney with Simpson Thacher and Bartlett. Levin graduated from Haverford College, and received a legal degree from the University of Pennsylvania. He currently resides in Los Angeles, California and Rockport, Maine.
Robert Schnitzer is a media executive operating in both the creative and financial aspects of the global media business. In 1996, he founded holistic production company Oasis TV, Inc. and in 1997, its successor-in-interest OTV Media Group, Inc. Schnitzer came to prominence as a producer, director and screenwriter of several independent motion pictures and dozens of TV programs. In addition, Schnitzer has sold and arranged funding for various media ventures and is often called upon to speak at conferences and other industry events. A native of New York City, Schnitzer currently resides in Jackson, MS and maintains an office in Los Angeles, California.
This content was issued through the press release service at Newswire.com. For more info visit: www.newswire.com
SOURCE Elation Media, Inc.