CÜR Media, Inc. Appoints Jim Urie as Executive Chairman of the Board, President and CEO
CÜR Media, Inc. Appoints Jim Urie as Executive Chairman of the Board, President and CEO
New streaming service onboards industry veteran in preparation for official launch of Cür Music
NEW YORK, May 4, 2016 /PRNewswire/ --
CUER Media, Inc. ("CUER Media" or the "Company") (OTCQB: CURM) (OTCBB: CURM) today
announced that Jim Urie, former President and CEO of Universal Music Group Distribution,
has been appointed Executive Chairman of the Company's Board of Directors, Interim
President and Interim CEO. Tom Brophy, Founder of CUER Media, will continue to have an
active role with the Company and will continue to be a member of the Board of Directors.
The Company is actively looking for a permanent President and CEO.
Mr. Urie was President of Universal Music Group Distribution for 16 years, and CEO and
President for 12 of those years, until his departure in early 2015. During his tenure,
Urie built the distribution company that would take the lead on issues confronting the
music industry, including the challenging transition to digital. Urie had been with
Universal Music Group since 1996, during which time he oversaw purchases and integrations
of several major acquisitions. Urie began his music career in 1972 as a college rep for
CBS Records. Upon leaving CBS, he spent time at both PolyGram and Arista Records before
joining Universal.
Mr. Urie, a music industry stalwart, has been recognized by Billboard Magazine as a
power innovator alongside such transformative figures as Apple's Steve Jobs and
Interscope's Jimmy Iovine.
"I am excited to become part of CUER Media and to work with the team," said Jim Urie.
"There is a tremendous opportunity to break new ground in the music streaming space, and
I believe the CUER Music offering is poised to do just that. Upon launch, we will be the
first streaming service that brings new price points to the market and exciting ways for
our customers to interact socially. I look forward to bringing this dynamic product to
market."
Stated CUER Media Founder Tom Brophy, "CUER is a next generation music streaming
service with the lowest price in the industry at $1.99 per month, properly compensating
artists and providing new opportunities for the music industry. I welcome Jim to our team
and look forward to working closely together."
ABOUT CUER MEDIA INC
CUER Media, Inc. is creating CUER (pronounced 'cure'), a next generation social music
experience, through the planned launch of CUER Music, a social, mobile, and web streaming
music application that is being designed to enable its users to go beyond the limitations
of traditional music streaming services. Upon its anticipated launch, CUER Music will
unlock the truly expressive nature of an individual's connection with their music by
fostering personalization, sharing and creativity. With CUER Music it's not just about
streaming, it's about what the music means to you and how you want to express that to the
world. For more information please visit http://www.curmusic.com.
FORWARD-LOOKING STATEMENTS
Any statements contained in this press release that do not describe historical facts
may constitute forward-looking statements. Forward-looking statements may include, without
limitation, statements regarding (i) the plans and objectives of management for future
operations, including plans or objectives relating to the development of a commercially
viable streaming music product, (ii) a projection of income (including income/loss),
earnings (including earnings/loss) per share, capital expenditures, dividends, capital
structure or other financial items, (iii) the Company's future financial performance, (iv)
the Company's ability to negotiate and maintain economically feasible agreements with the
major and independent music labels and publisher rights organizations, and (v) the
assumptions underlying or relating to any statement described in points (i), (ii), (iii),
and (iv) above. Such forward-looking statements are not meant to predict or guarantee
actual results, performance, events or circumstances and may not be realized because they
are based upon the Company's current projections, plans, objectives, beliefs, expectations,
estimates and assumptions and are subject to a number of risks and uncertainties and
other influences, many of which the Company has no control over. Actual results and the
timing of certain events and circumstances may differ materially from those described by
the forward-looking statements as a result of these risks and uncertainties. Factors that
may influence or contribute to the inaccuracy of the forward-looking statements or cause
actual results to differ materially from expected or desired results may include, without
limitation, the Company's inability to obtain adequate financing, the length of time
associated with development of mobile applications and related insufficient cash flows and
resulting illiquidity, the Company's inability to expand the Company's business, lack of
product diversification, existing or increased competition, results of arbitration and
litigation, stock volatility and illiquidity, and the Company's failure to implement the
Company's business plans or strategies.
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CONTACT:
CUER Media, Inc.
Marcy Polanco
mpolanco@curmusic.com
CÜR Media, Inc
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