Every Day Networks Completes Initial Acquisitions, Including FUEL TV, To Launch As Global Media And Information Company

BURBANK, Calif., Oct. 6, 2016 /PRNewswire/ -- After pioneering decades of innovation in television, radio and digital media, a team of veteran executives has officially launched Every Day Networks, a vertically integrated global media, information and technology company built for the new world of "all-screen" television and digital media, it was announced today by Co-Founder and CEO Andy Schuon.  Headquartered in Los Angeles with offices in Europe, the venture has assembled an initial portfolio of channel brands, including former Fox sports network FUEL TV, PlanesTrains+Automobiles, and Business Rockstars.

"We believe Every Day Networks is what a successful media company looks like in the 21^st century," said Schuon, former president of CBS Radio, head of programming at MTV and VH1, creator of MTV2, CEO of three groundbreaking Universal media companies, and the visionary founder and president of Revolt TV with Sean "Diddy" Combs.  "We're set up with great brands and a great team to follow the audience as they migrate to new viewing platforms that enable an entirely new commercial model for our industry."

Drawing on his experience building legendary media brands in each of the last three decades, Schuon has assembled an impressive team of media, technology and programming executives to join him at Every Day Networks.  Key members of the team include former Tribune Company chief digital officer Don Meek as Chief Operating Officer, FUEL TV founder CJ Olivares as Chief Content Officer, and former Fox Networks Group executive Austin Wignall as Head of Audience Development.

Co-Founder and Board Chairman Gary Veloric has thirty years of entrepreneurial, corporate finance and business experience including co-founding specialty finance company JG Wentworth.  Veloric brings the ability to guide and execute complicated transactions and business strategy around which Every Day Networks can create significant value.

"The breadth of experience of Andy Schuon and his team is a perfect match to create a transformational business model in this new era of television," remarked Veloric.

Mobile video and OTT (over-the-top) viewing continue to grow at an astounding rate.  According to the Diffusion Group, the average number of hours U.S. consumers spend watching OTT TV is projected to more than quadruple from 3.6 hours/week in 2014 to more 19 hours/week by 2020.

"Modern technology, faster internet and ever-more connected devices present the most exciting opportunity in the media business in our lifetimes," said COO Don Meek.  "Every Day Networks is uniquely positioned to take advantage of these converging trends."

Emphasizing high-quality, studio-based programming from its facilities in Los Angeles and Europe, freshly delivered on a daily and weekly basis, Every Day Networks aims to connect with audiences through multiple platforms.  Its goal is to be the first integrated multi-network company purpose-built for the new age of connected devices and social media, driven by the management team's deep understanding of how to create credible and authentic media brands.

"We want our channel brands to each possess a distinct voice and personality, with strong social media synergy that leverages our show hosts and sister networks to effectively share content," explains CCO CJ Olivares.

Every Day Networks is powered by MasterChannel Interchange (MCX), a unified technology and operations platform that enables swift development of content, distribution and monetization.  Proprietary data and analytics capabilities allow Every Day Networks to personalize the viewing experience for digital audiences.  The basic form of that platform, MCX Indie, further accelerates the creation and deployment of OTT channels that do not require comprehensive data integration and commerce capabilities, incentivizing content owners to partner with Every Day Networks to incubate new concepts.  The company expects to generate multiple revenue streams through display and integrated advertising, contextual commerce, audience data, subscription VOD and other sources.

FUEL TV – Every Day Networks acquired FUEL TV, which for over a decade has been the preeminent cable channel covering action sports and the action sports lifestyle.  With current distribution in nearly 70 countries on cable and satellite, OTT expansion in 2017 will make FUEL TV available globally. 

Business Rockstars – In just three years, Business Rockstars has grown from a daily two-hour show on television and radio to the top destination for startup and entrepreneurial culture in 150 cities on radio and more than 35 million TV homes.  Expansion to international linear cable and as an OTT app will drive significant additional worldwide growth.

PlanesTrains+Automobiles – PlanesTrains+Automobiles is an impressively distributed OTT channel that brings a unique approach to its focus on all facets of global travel and lifestyle content.  PlanesTrains+Automobiles is currently available online, and will soon add Apple TV to its existing distribution relationships with Roku, Amazon Fire and Delta Airlines.

For more information, please visit the website: www.everydaynetworks.com.

Editor Note: Logos and headshots are available here: http://www.everydaynetworks.com/brandkit

SOURCE Every Day Networks

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