Echo Bridge Promotes Two as Part of New Initiatives14 Feb, 2008 By: Thomas K. Arnold
Independent DVD distributor Echo Bridge Home Entertainment has promoted two insiders, former CFO Nathan Hart and head of operations Mike Newcomb, to serve as co-presidents.
The two replace Tim Clott, the former Paramount Home Video and Lyrick Studios executive who took the helm of Echo Bridge in the summer of 2005. Clott left to pursue other opportunities.
“Both Nate and Mike are seasoned home entertainment executives whose ideal combination of management skills will maximize our substantial new financial position, providing a valuable contribution to the future growth of our business,” said Michael Rosenblatt, chairman, president and CEO of parent company Echo Bridge Entertainment. “Under Nate's and Mike's leadership, our customers can look forward to an exciting series of strategic initiatives that promise terrific new sales opportunities in the period ahead.”
The promotions come as Echo Bridge is on an aggressive campaign to acquire new product, a push fueled by a recently announced corporate credit agreement with JPMorgan. The acquisitions plan is targeting TV shows, feature films and entire libraries.
Echo Bridge also intends to mine its 3,500-title catalog, with plans to launch a Blu-ray Disc line in April. The company also will introduce a series of custom-packaged, genre-themed sets aimed at collectors and aficionados. Details will be announced shortly.
Hart, who joined Echo Bridge six years ago, has more than 15 years of accounting, finance and operations experience in the manufacturing and distribution industries. Prior to Echo Bridge, he served as regional operations controller for the Dr. Pepper/7UP Bottling Group.
Newcomb joined Echo Bridge more than four years ago. He previously was general manager of Amazon.com's Internet fulfillment operation in Kentucky.