LOS ANGELES, July 20, 2011 /PRNewswire/ -- Global Eagle Acquisition Corp. (NASDAQ: EAGL, EAGLW, EAGLU), a special purpose acquisition company (SPAC) led by media executives Harry Sloan and Jeff Sagansky, announced that, following its successful IPO which raised approximately $190 million, former Telemundo CEO Jim McNamara and Dennis Miller, a venture capitalist and former Sony Pictures Entertainment Executive Vice President, joined its Board of Directors.
"Jim and Dennis bring a wealth of knowledge and experience as well as long-established relationships with executives in the media, technologies and investment sectors to Global Eagle's operation," said Harry Sloan.
"As Global Eagle was formed to take advantage of the investing and operating expertise of its management team to acquire media and entertainment businesses with high growth potential in the United States and internationally, McNamara and Miller will be valued members of this company's Board of Directors," added Jeff Sagansky.
Bringing over 25 years of experience as a leading international film and television executive as well as extensive broadcast experience in the US and Latin America, Jim McNamara is the founder of Panamax Films, LLC, an independent film production company focusing on the US Latino and Latin American film going audience. McNamara also serves as the non-executive Chairman of Cine Latino, the leading Spanish-language premium film channel in the United States, and non-executive chairman of Pantelion Films, a Latino-focused Hollywood studio that is a partnership between Lionsgate Entertainment and Spanish-language media company Grupo Televisa.
From 1999 to 2005, McNamara was President and CEO at Telemundo Communications Group, Inc., the operator of US Spanish-language broadcast network Telemundo. From April 1996 to June 1998, McNamara held the post of President at Universal Television Enterprises, a television production company where his responsibilities included domestic syndication first-run programming and international sales.
McNamara joined Universal from New World, where he served as CEO from 1991 to 1995. He joined New World in 1986 as Senior Vice President and, over the next five years, was promoted to Executive Vice President and then President of New World International before being named CEO in 1991.
Dennis Miller, who has spent his career operating and managing media and entertainment businesses for such companies as Turner Entertainment Company, Sony Pictures Entertainment and Lionsgate Entertainment as well as Constellation Ventures, is a venture partner with Spark Capital, focused on investing at the intersection of technology and media.
Miller's investments have included, among others, Capital IQ, K-12, CSTV, TVONE, Adap TV, Next New Networks and Widevine Technologies.
About Global Eagle Acquisition Corp.
Global Eagle Acquisition Corp. is a newly organized special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Global Eagle Acquisition Corp. will seek to capitalize on the substantial deal sourcing, investing and operating expertise of its management team to identify, acquire and operate media or entertainment businesses with high growth potential in the United States or internationally. Global Eagle's common stock is listed on NASDAQ under the symbol of "EAGL," Global Eagle's warrants are listed on NASDAQ under "EAGLW" and Global Eagle's units (consisting of one share of common stock and one warrant) are listed on NASDAQ under "EAGLU."
Information Concerning Forward-Looking Statements
This news release may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this news release that address activities, events or developments that Global Eagle expects or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions and analyses made by Global Eagle in light of its experience and its perception of historical trends, current conditions and expected future developments as well as other factors it believes are appropriate in the circumstances. However, whether actual results and developments will conform with Global Eagle's expectations and predictions is subject to a number of risks and uncertainties, including, but not limited to the following: changes in general economic, market or business conditions; the opportunities (or lack thereof) that may be presented to and pursued by Global Eagle; changes in laws or regulations; and other factors, many of which are beyond the control of Global Eagle. Information concerning these and other factors can be found in Global Eagle's filings with the Securities and Exchange Commission. Consequently, all of the forward-looking statements made in this news release are qualified by these cautionary statements and there can be no assurances that the actual results or developments anticipated by Global Eagle will be realized, or even if realized, that they will have the expected consequences to or effects on Global Eagle, its business or operations. Global Eagle has no intention, and disclaims any obligation, to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.
SOURCE Global Eagle Acquisition Corp.