Former MGM and Universal Executive Brings Valuable Strategic Experience to Leading Digital Entertainment Company
SAN DIEGO–(BUSINESS WIRE)–Jan. 5, 2006–DivX, Inc. today announced that Christopher McGurk has joined the company’s board of directors. Mr. McGurk, who most recently served as Vice Chairman and Chief Operating Officer of Metro-Goldwyn-Mayer, brings a wealth of high-level executive experience in the entertainment industry to DivX, Inc., a leading digital entertainment company that created the DivX(R) media format.
Mr. McGurk’s career spans over 24 years with increasingly responsible executive positions at MGM, Universal, Disney, Pepsico and Price Waterhouse. He served as Vice Chairman and Chief Operating Officer of Metro-Goldwyn-Mayer Inc. from May 1999 until April 2005, acting as the company’s lead operating executive until MGM was sold for approximately $5 billion to a consortium of investors that included Sony Corporation. He had responsibility for all divisions of the company, including the studio’s film and television production and distribution units, and the home entertainment, consumer products, music, networks and interactive groups.
Mr. McGurk came to MGM from Universal Pictures, where he served as President and Chief Operating Officer. In that capacity, he was responsible for all operating and planning activities for the Motion Picture Group, as well as all international operations, worldwide home entertainment, exhibition, October Films and Polygram Filmed Entertainment. Prior to his tenure at Universal, Mr. McGurk spent eight years with The Walt Disney Studios, including two years as President of the company’s Motion Picture Group.
“We’re extremely pleased to welcome Chris to the DivX team and I’m confident that the strategic insight he can provide based on his years of executive experience at some of the most successful entertainment companies in the world will prove invaluable to DivX as we continue our growth in the digital entertainment space,” said Jordan Greenhall, co-founder and chief executive officer at DivX, Inc.
“DivX is powering an extremely compelling ecosystem of digital media technologies and devices that enables consumers to enjoy their digital content anywhere, on any device or platform, in a seamless, secure way,” said Mr. McGurk. “There is enormous potential for the entertainment industry to utilize DivX technology and the tens of millions of DivX Certified devices in the global marketplace to deliver secure, premium content to consumers. I am happy to join the DivX board and I look forward to working with the strong team they have in place.”
Mr. McGurk received a Bachelor of Science degree from Syracuse University and a Master of Business Administration degree from the University of Chicago. He currently serves on the board of directors for the University of Chicago Graduate School of Business and on the Board of Advisors of The Syracuse University Management School and has been a guest lecturer at the Annenberg School of Communications, the School of Cinema and Television, and the Graduate Business School at the University of Southern California. He also delivered the Convocation Address at the 2004 graduation ceremony for the University of Chicago Graduate School of Business.
For more information on DivX technology, visit http://www.divx.com/company/.