HONG KONG, Sept. 19, 2011 /PRNewswire-Asia/ -- Media Asia Group Holdings Limited ("Media Asia", stock code: 8075) is pleased to announce Mr. Jun Tang ("Mr. Tang") has been appointed chief executive officer of the Company, effective immediately. At the same time, Mr. Tang also becomes a member of Media Asia's board of directors.
As chief executive, Mr. Tang will oversee all aspects of the company's operations on a worldwide basis. He brings over 28 years of experience in the global film and entertainment industry to Media Asia. Mr. Tang will be charged with driving Media Asia's business growth, developing strategic expansion plans, forging stronger business partnerships across borders, and creating synergies across all of Media Asia's divisions, including film, television, music, live entertainment, talent management and new media.
"We are very pleased to announce the appointment of Jun Tang as Media Asia's new Chief Executive Officer and are delighted that someone of his caliber has joined our business," stated Dr. Lam King Ngok Peter, Chairman of Media Asia. "Jun is an experienced, talented and visionary leader whom we have admired in the entertainment industry for many years. We believe Jun's unparalleled knowledge, expertise and proven track record will enable him to provide unique insight, create important business opportunities, and promote the long-term growth and development of the Company. On behalf of the entire Board, I want to express how excited we are at the prospect of Jun leading the company and the management team to new levels of creative and financial success in the years ahead."
"I am delighted to join Media Asia and truly honored to be entrusted with the responsibility of guiding the company toward a very bright future at what is an exciting time for the business, the industry, and the Asian markets," added Mr. Tang. "We are well-positioned to play a leading role in the continually evolving entertainment industry. I look forward to working with the excellent and dedicated team at Media Asia to leverage success to date and to create the go-forward strategies that will enable us to drive significant growth, positive long-term operating and financial performance and to build Media Asia as the preeminent leader in entertainment across the region."
Notes to Editors
For full biographical details, please see attached biography.
About Media Asia Group Holdings Limited
Media Asia Group Holdings Limited ("Media Asia"), together with its subsidiaries and affiliates, is a leading diversified and integrated media and entertainment enterprise listed at The Hong Kong Stock Exchange (Stock code: 8075). Its business covers production and distribution of movie and television program, music production and publication, the production and touring of concerts and musicals, and creative talent management. The company is committed to producing unparalleled entertainment products and experiences based on its rich legacy of quality creative content and unique storytelling for families and audience in China and Asia. Among the shareholders of Media Asia are eSun Holdings Limited(00571.HK), Yunfeng Capital, Sina Corporation (NASDQ:SINA) and Tencent (00700.HK).
About Jun Tang
Jun Tang has extensive experience in the film and entertainment industry, both in China and the US markets, and has served in many high profile senior roles at premier global entertainment companies. Immediately prior to joining Media Asia, Mr. Tang was Group Senior Vice President and Chief Executive Officer of Shanda Tiandi Ltd., a wholly-owned subsidiary of Shanda Interactive Entertainment Limited (NASDA:SNDA), which focuses on developing next generation interactive entertainment and life experience and products. In 1994, Mr. Tang joined Capital Cities/ABC, Inc. and was promoted to Vice President, China Operations two years later. Capital Cities/ABC later merged with The Walt Disney Company ("Disney") in 1996 and Mr. Tang served in a number of roles at Disney, helping reshape the company's overall China plan and strategy. He served at Disney until 2010, mainly in the role of Corporate Senior Vice President – China Affairs. Mr. Tang began his career in 1983 by joining China Film Group, a state owned Beijing based media and entertainment conglomerate, and his responsibilities included negotiating the importation of various foreign movies and television programs for release in China and the distribution of Chinese movies and entertainment products to the world. Mr. Tang holds a Bachelor of Arts degree from the Institute of International Relations in Beijing, China.
Issued by FTI Consulting for and on behalf of Media Asia Group Holdings Limited.
For further information, please contact:
Ms. Celia Wan
FTI Consulting Strategic Communications
Direct line: (852) 3768 4549
e-mail: celia.wan@fticonsulting.com
Mr. Mark Walters
FTI Consulting Strategic Communications
Direct line: (852) 6790 1093
e-mail: mark.walters@fticonsultin.com
