Global Digital Media and Entertainment Evolution Projected to be Trillion Dollar Industry

PALM BEACH, Florida, July 24, 2018 /PRNewswire/ --

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Digital content for the Global Media and Entertainment (M&E) industry has arguably become one of the most lucrative market sectors the economy has to offer as the digital revolution has lead to a multi-trillion dollar potential powerhouse. Volatility is high in the industry as consistent technological advancements fuel rapidly changing trends, thus making it extremely important to be mindful when employing a digital content production strategy. The global media and entertainment sector was projected to produce nearly $2 trillion in revenues in 2017 while the U.S. market alone represents a third of the global M&E market that was expected to reach approximately $771 billion by 2019, according to the US Department of Commerce. As these staggering and impressive numbers continue to creep higher into astronomical levels, so does the industry's competition. Active companies today include: QYOU Media Inc. (TSX-V:QYOU) (OTC:QYOUF), Netflix Inc. (NASDAQ:NFLX), Comcast Corporation's (NASDAQ:CMCSA), The Walt Disney Company (NYSE:DIS), Twenty-First Century Fox Inc. (NASDAQ:FOX).

QYOU Media Inc. (TSXV:QYOU.V) (OTCPK:QYOUF) BREAKING NEWS: QYOU Media, today announces that it has named former President of Sony Pictures Worldwide Networks, Andy Kaplan, as Chairman of Board of Directors for QYOU India Pvt ("QYOU India"), a newly formed subsidiary of QYOU Media which delivers highly localized and expertly curated digital-first video content to an Indian audience of over 185 million mobile and TV subscribers.

As Chairman of the Board of QYOU India, Kaplan will leverage his extensive experience in leading television networks to success in local territories and work toward QYOU India becoming a premier destination for the very best original, digital-first content in India. Kaplan will also take a board observer position in parent company, QYOU Media, supporting development of the QYOU brand worldwide.

A media and entertainment veteran, Kaplan spent over sixteen years at Sony Pictures leading its global television networks and related investments, with over 180 channel feeds reaching nearly two billion subscribers. Under his leadership, Kaplan grew Sony Pictures Worldwide Networks' portfolio from a handful of international channels to include some of the most popular digital media brands. He also turned Sony Pictures Networks India ("SPNI") into one of the largest media businesses in the rapidly growing Indian market by leading it through a number of successful acquisitions, partnerships, and new programming launches including the groundbreaking initial ten year deal for the broadcasting rights to the IPL and the acquisition of Ten Sports.