BEVERLY HILLS, Calif.
Aug. 16, 2013
/PRNewswire/ -- Starz CEO
announced today that
has been promoted to the newly created position of Chief Revenue Officer at Starz. He will be responsible for the network sales and affiliate marketing group and oversee the Starz distribution businesses comprised of Anchor Bay Entertainment, Starz Worldwide Distribution and Starz Digital Media. Based in the company's
offices, Thornton will report to Starz President
In making this appointment, Albrecht stated, "We are very pleased that Michael will be assuming the new role of Chief Revenue Officer. In the rapidly changing media business landscape, it is important for Starz to unite together the revenue businesses of affiliate sales (STARZ/ENCORE/MOVIEPLEX) and Starz Distribution under one senior executive. In his short time at Starz, Michael's wide-ranging talents and contributions to the businesses have been incredibly valuable. Combined with the excellent senior management and sales teams at Starz, we are confident in Michael's ability to move the Starz business forward."
Starz also announced
will step down as President of Affiliate Distribution and will stay with the company as an advisor through the first quarter of 2014.
Albrecht added, "During his tenure, Ed has been instrumental in increasing the value of the networks, the channels' distribution and revenue. We thank him for his hard work and dedication to the company and are grateful for his help during the transition."
Thornton previously served as Executive Vice President, Acquisitions, Business and Legal Affairs, overseeing programming acquisitions for the seventeen Starz channels and on-demand/online offerings. In addition, he was responsible for managing the strategic direction of business and legal affairs related to the acquisition of programming content as well as business and legal affairs for distribution of the Starz companies' content with online/broadband distributors, transactional VOD/EST, and worldwide syndication of proprietary STARZ Original series and other Starz proprietary/licensed content.