JASON KILAR NAMED CHIEF EXECUTIVE OFFICER
OF NBC UNIVERSAL AND NEWS CORPORATION’S
ONLINE VIDEO JOINT VENTURE
Amazon.com Veteran to Head Los Angeles Based Internet Company
New York, June 28, 2007 – News Corporation and NBC Universal have appointed Jason Kilar, a key executive at Amazon.com for nearly a decade, to Chief Executive Officer of the online video joint venture the companies formed in March, 2007, it was announced today by Peter Chernin, President and Chief Operating Officer of News Corporation and Jeff Zucker, President and Chief Executive Officer of NBC Universal. Mr. Kilar will join the new company on July 9 and will report to its Board of Directors, which include Mr. Chernin and Mr. Zucker.
The company’s video-rich site will debut later this year with thousands of hours of full-length programming, movies and clips from myriad networks and two major film studios and with an unparalleled reach. With distribution partners AOL, CNET, Comcast, MSN, MySpace, and Yahoo!, the new venture will have access to 98 percent of the monthly U.S. unique users on the Internet.
“Jason’s product and consumer expertise in the world of e-commerce is arguably unrivaled in this business and gives him a great insight into what it takes to create a superior user interface,” commented Mr. Chernin. “We already have access to world-class content and near ubiquitous distribution, and the next step is marrying it with the features and tools that will help define the ideal user experience for video content on the web. We think Jason is the ideal person to lead that effort.”
Said Mr. Zucker: “We are very pleased to have an executive of Jason’s caliber take the reins of our groundbreaking joint venture. Jason is a proven leader and innovator with a wealth of experience on both the technology and content sides of the equation. He is the right person to make sure our new initiative offers a consumer experience worthy of remark.”
Mr. Kilar, 36, spent nearly a decade (1997 – 2006) at Amazon.com, where he quickly rose to help expand the company’s core business beyond bookselling. Mr. Kilar originally wrote the business plan for Amazon’s entry into the video and DVD businesses and ultimately led that unit as General Manager and Vice President. The video and DVD business grew to several hundred million in revenue under Mr. Kilar’s leadership. Mr. Kilar went on to become Vice President and General Manager of Amazon’s North American media businesses, which included the company’s books, music, video, and DVD categories.
He later served as Senior Vice President, Worldwide Application Software, where his responsibilities included Amazon’s Marketplace business and ownership of a significant number of the applications which can be found throughout Amazon’s global websites. He reported directly to CEO Jeff Bezos and his organization included hundreds of world-class technologists that innovated the customer experience within the areas of community, media storage and serving, item metadata, automated merchandising and more.
“As a team, we have a unique opportunity to create great customer experience through the combination of innovative technology and high quality content,” commented Mr. Kilar. “In the process, I believe we can play a significant role influencing how consumers find, discover, and participate in premium content over the web. This is a big, inherently fun mission with which I’m proud and very excited to be associated.”
Mr. Kilar began his career at the Walt Disney Company, where he spent two years with Disney Development Corporation (1993-95).
He received his M.B.A. from the Harvard Business School in 1997. He graduated Phi Beta Kappa from the University of North Carolina, Chapel Hill, in 1993 where he studied Business Administration and Journalism & Mass Communication.
He is married with two children.
About News Corporation
News Corporation (NYSE: NWS, NWS.A; ASX: NWS, NWSLV) had total assets as of March 31, 2007 of approximately US$62 billion and total annual revenues of approximately US$28 billion. News Corporation is a diversified entertainment company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers; book publishing; and other. The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and the Pacific Basin.
About NBC Universal
NBC Universal is one of the world's leading media and entertainment companies in the development, production, and marketing of entertainment, news, and information to a global audience. Formed in May, 2004 through the combining of NBC and Vivendi Universal Entertainment, NBC Universal owns and operates a valuable portfolio of news and entertainment networks, a premier motion picture company, significant television production operations, a leading television stations group, and world-renowned theme parks. NBC Universal is 80% owned by General Electric and 20% owned by Vivendi.
Contacts:
News Corporation:
Teri Everett
310-369-2929
teverett@newscorp.com
Dana M. Harris
310-369-7255
dana.harris@fox.com
NBC Universal:
Kathy Kelly-Brown
212-664-3457
Kathy.kelly-brown@nbcuni.com
Amy Zelvin
212-664-7436
amy.zelvin@nbcuni.com