Update - NeuLion Positioned for Next Stage of Growth

PLAINVIEW, NY--(Marketwired - June 06, 2016) - NeuLion, Inc. (TSX: NLN), a leading technology product and service provider specializing in the broadcasting, distribution and monetization of live and on-demand digital video content to Internet-enabled devices, today announced that as part of the company's growth strategy, its Board of Directors has approved changes to its Board and management team, and that it has acquired Saffron Digital Limited.

As NeuLion prepares for its next stage of growth, the company's Board of Directors would like to announce the following Board and management changes:

• Nancy Li, co-founder of NeuLion, has been promoted to the position of Executive Chair of the Board. Charles B. Wang, who had served as Chairman of the Board since 2008, will continue as a company director, and will continue to offer his leadership as the company enters its next stage of growth. Nancy will also continue in her role as a company executive focused on NeuLion technology developments and product strategy.
• Roy Reichbach has been promoted to President and Chief Executive Officer of NeuLion and will take on expanded responsibilities within the company, including accelerating the company's growth strategy. Mr. Reichbach, who is also a director of the company, was previously its General Counsel. He will replace Dr. Kanaan Jemili, who resigned from his positions as President and Chief Executive Officer. Dr. Jemili was instrumental in the integration of DivX over the last year and will remain as a consultant with the company.
• Trevor Renfield, who was the Chief Financial Officer at DivX, LLC, joined NeuLion as part of the DivX acquisition last year, and will take on a new role as Chief Financial Officer of NeuLion, replacing Art McCarthy, who resigned from that position. Mr. McCarthy played a prominent role in NeuLion's growth and will now devote all of his time to his role with the New York Islanders.

NeuLion also acquired Saffron Digital, headquartered in London, England, in an all-cash asset transaction in order to expand the company's entertainment customer concentration and enhance its technology platform to support subscription video on demand services, electronic sell through services and advertising video on demand services. The acquisition instantly expands the company's addressable market in the entertainment sector given Saffron's customer base and technology. Management expects that the transaction will be accretive for 2016.