CEO Michael Hirsh To Take on Leadership of Frederator
Fred Seibert, Frederator Founder and CEO, Returns to Independent ProductionTORONTO and VANCOUVER, British Columbia, Aug. 27, 2020 (GLOBE NEWSWIRE) — WOW! Unlimited Media, Inc. (“WOW!” or the “Company”) (TSX-V: WOW / OTCQX: WOWMF), a leading animation-focused entertainment company that includes Frederator Networks Inc. (“Frederator”) and Mainframe Studios, today announces a corporate leadership reorganization. Fred Seibert has resigned from his position as a Director and the Chief Creative officer of WOW!, as well as CEO of Frederator, effective November 27, 2020. Seibert will continue to work with the Company on current and future projects as an independent producer.Michael Hirsh, Chief Executive Officer of WOW! will take on the leadership of Frederator, serving as its CEO, and Neil Chakravarti, COO of WOW!, will become COO of Frederator. These changes will take effect immediately.Fred Seibert, current CEO and Chief Creative Officer, has decided to leave WOW! and the studio he founded to return to independent production. To ensure a successful transition, Seibert will stay involved as an executive producer on current major Frederator projects Castlevania and Bee & PuppyCat and he also intends to partner with the company on other upcoming projects.Seibert said, “I’m happy to have brought Frederator into the WOW! family where I know it will continue to grow and thrive. I am looking forward to returning to my roots as an independent cartoon producer who’s constantly searching – and finding! – unique talents with original voices. I’ll continue to collaborate with the Frederator/WOW! Team on projects going forward as we both share the same passion that goes into this great field of animation entertainment.”“As we look to the future, we will continue to provide fans with beloved Frederator franchises, alongside new and exciting content from the over 3,000-strong Channel Frederator Network,” said Hirsh. “We wish Fred the best in his next, independent venture, and look forward to continuing to work with him on projects we know our fans will love as we drive dynamic growth in the business.” About WOW! WOW! is creating a leading animation-focused entertainment company by producing top-end content and building brands and audiences on engaging media platforms. The Company produces animation in its two established studios: Mainframe Studios in Vancouver and Frederator Studios in Los Angeles. The Company’s media offerings include Channel Frederator Network on YouTube, as well as WOW! branded programming on Crave, Canada’s premier streaming entertainment platform, owned by Bell Media. The common voting shares of the Company and variable voting shares of the Company are listed on the TSX Venture Exchange and the OTCQX Best Market.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Further information available at:
Website: www.wowunlimited.coAbout FrederatorFrederator, a WOW! company, is a pioneer in streaming video and is a leading independent producer of animation content. Over the past 20 years, Frederator Studios has produced 19 series and more than 250 short films for and with partners including Netflix, Amazon, Google, Nickelodeon, Nick Jr., Sony Pictures Animation, and Cartoon Network. Frederator Digital has built and manages one of the largest animation networks on YouTube.Forward Looking StatementsThis press release contains statements that constitute “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “estimates”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Forward-looking statements in this press release include statements about the leadership reorganization at Frederator, Fred Seibert’s future involvement in Frederator projects, future content at Frederator, growth at Frederator and future projects.Although the Company believes the forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, the risks described under the heading “Risks and Uncertainties” in the Company’s MD&A for the three and six month periods ended June 30, 2020. As a result, readers should not place undue reliance on the forward-looking statements contained in this press release.Contact: For Media: Maryellen Mooney
Goodman Media International, Inc.
Tel: (212) 576-2700 ext. 7255
Email: For Investor Relations: Bill Mitoulas
Tel: (416) 479-9547
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