The Seagram Co. Ltd. names Frank J. Biondi Jr. chairman and chief executive officer of MCA INC.MONTREAL--(BUSINESS WIRE)--April 23, 1996--The Seagram Co. Ltd. today announced the appointment of Frank J. Biondi Jr. as chairman and chief executive officer of its MCA MCA in full Music Corporation of America Entertainment conglomerate. It was founded in Chicago in 1924 by Jules Stein as a talent agency. In the 1960s it bought Decca Records and Universal Pictures, and today it produces films, music, and television shows. INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . subsidiary, effective immediately. He will also join the Seagram board of directors. Biondi was formerly president and chief executive officer of Viacom Inc. Edgar Bronfman Two persons are named Edgar Bronfman (father and son). They are the son and grandson of Seagram founder Samuel Bronfman:
Meyer's head coaching career began at UNLV, where he coached from 1971 to 1975. in leading MCA, I have no doubt that they will form a powerful management team to take MCA forward and build value for Seagram's shareholders. Our ability to attract Frank to MCA reinforces our belief in the extraordinary opportunity these assets represent. At a time of great change for MCA, we appreciate Viacom's willingness to let Frank join the company prior to the expiration of his contractual commitment." Meyer, MCA president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , said, "The skills that Frank brings to our management team will play a critical role in building MCA's business going forward. I am looking forward to working closely with Frank, whose management style reflects the environment we have established at MCA." Biondi said: "Given my background and continuing belief in the extraordinary opportunities in the entertainment industry, the potential for working with Edgar and Ron and the entire MCA team, was compelling. Each of the MCA businesses represents opportunity for growth and enhanced profitability, which I hope to contribute to over the years." Biondi was president and chief executive officer of Viacom Inc. from July 1987 to January 1996. Prior to joining Viacom, he was chairman and chief executive officer of Coca-Cola Television from November 1986. In addition, he was executive vice president of the Entertainment Business Sector of The Coca-Cola Co., and of its predecessor company, Columbia Pictures Industries Inc. from January 1985 to July 1987. Prior to that, he served as chairman and chief executive officer of Home Box Office Inc., a subsidiary of Time Warner Time Warner Inc. (NYSE: TWX), formerly known as AOL Time Warner, is the world's largest media and entertainment conglomerate headquartered in New York City, with major operations in film, television, publishing, Internet service and telecommunications. Inc. A graduate of Princeton University Princeton University, at Princeton, N.J.; coeducational; chartered 1746, opened 1747, rechartered 1748, called the College of New Jersey until 1896. Schools and Research Facilities in 1966, Biondi earned an M.B.A. from Harvard University in 1968. The Seagram Co. Ltd. operates two core, global businesses: beverages and entertainment/communications. Seagram's distilled spirits, wines, fruit juices, coolers and mixers are sold in more than 150 countries and territories. Seagram's entertainment/communications company, MCA INC. produces and distributes motion pictures, television and home video products; produces and distributes recorded music; operates theme parks and retail stores; and publishes books. Headquartered in Montreal, Seagram employs 30,000 people worldwide and, together with its interest in MCA INC., generated 1995 pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma revenues of over $11 billion. CONTACT: Amy Goldberger, 212/572-1118 Deborah Rosen, 818/777-5279 |
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