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Bullboard - Stock Discussion Forum Mood Media Corporation T.MM

"Mood Media Corp provides in-store audio, visual and scent marketing solutions to businesses including specialist retailers, department stores, supermarkets, financial institutions and fitness clubs, as well as hotels and restaurants."

TSX:MM - Post Discussion

Mood Media Corporation > Management Enhancements
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Post by injailforgood on Jul 14, 2015 6:15pm

Management Enhancements

Mood Media Announces New Executive Roles to Enhance Global Growth & Integration Efforts

Experience Design Leader Appoints Ken Eissing to President of In-Store Media Globally; Hires Michael Zendan as EVP, General Counsel and Chief Administrative Officer

TORONTO--()--Mood Media Corporation (ISIN: CA61534J1057) (TSX:MM) (“Mood Media”, “Mood”) Mood Media, the world’s leader of in-store Experience Design solutions, is pleased to announce the appointments of Ken Eissing and Michael F. Zendan II to two global leadership positions. Eissing will serve as President of In-Store Media for the global enterprise. Zendan joins Mood as Executive Vice President, General Counsel and Chief Administrative Officer. In these roles, Eissing and Zendan will focus on enhancing global processes for driving Mood’s growth and integration.

“Mike brings tremendous value to the Company as a result of his history and experience. He’ll jump in and immediately impact our growth initiatives.”

In his role and appointment, Eissing will lead Mood’s sales, marketing, product management and operations for Mood’s in-store media business in all global markets. Eissing has been a valued contributor to Mood’s growth and integration efforts in North America in his prior capacity as President of Mood Media, North America. His role will expand his contributions to Mood’s global operations and serve to further support growth while streamlining Mood’s operations.

Reporting directly to Steve Richards, Mood's CEO and President, Zendan will be responsible for Mood's legal, licensing and human resources functions across the enterprise and will serve as Mood's corporate secretary. For the past six years, Zendan was a member of the leadership team of Horizon Lines, Inc., serving as Executive Vice President, General Counsel and Secretary. While at Horizon, he was a key leader responsible for the restructuring, transformation and ultimate successful sale of Horizon to Matson Navigation.

Prior to Horizon, Zendan spent nearly a decade as Vice President, General Counsel and Secretary of Muzak, LLC, previously acquired by Mood Media. He was responsible for legal, licensing and government relations efforts, and served as a key leader supporting the firm’s franchise relations, human resources, risk management and sales functions.

“I’m excited that my career has brought me back to Mood, and I’m eager to put my industry knowledge to work, particularly as the company continues to execute its growth strategy,” said Zendan.

“We are continually looking at efforts to drive business gains, and by aligning responsibilities on a global basis, we can accelerate solutions consistency, efficiency and level of coordination. We are thrilled that Ken and Mike are taking on these roles to help us focus on providing the best solutions, service and value to our clients and partners,” said Richards. “Mike brings tremendous value to the Company as a result of his history and experience. He’ll jump in and immediately impact our growth initiatives.”

For more information about Mood’s leadership, please visit: https://www.moodmedia.com/leadership.

Comment by Infirstmoney on Jul 16, 2015 1:34pm
Company finally seems to have the right people running things. Can they cut enough in 2015 to finally make a profit in 2016? Look like expenses have come way down, and most cost cutting plans already underway or completed. Excited to hear about the growth plans when they announce.
Comment by injailforgood on Jul 16, 2015 9:23pm
Agreed. They will be profitable on a cash basis - not yet on an EPS basis because of the depreciation/amortization of prior acquisitions (Muzak, DMX). The market is looking for cash flow, free cash flow and EBITDA and that's what they will deliver in spades. Now that the 4 waves have basically been completed as well as the debenture maturity, the focus is totally on growth which is really ...more  
Comment by injailforgood on Jul 17, 2015 7:02am
I meant to say the depreciation on Muzak, DMX, Technomedia and BIS
Comment by dreaddogs on Jul 20, 2015 9:14am
you need to look at the companies last "On-going Performance Score Card" which I have attached the link". It is found on their website https://www.moodmedia.com/assets/pdf/Earnings%20Q115%20Investor%20Scorecard%20_v1.pdf When you scroll down to the column that says "Enhanced FCF".....it states the following "Expecting positive FCF generation in 2015; generated ...more  
Comment by dreaddogs on Jul 20, 2015 9:15am
https://www.moodmedia.com/assets/pdf/Earnings%20Q115%20Investor%20Scorecard%20_v1.pdf
Comment by lvrplfc4l on Aug 07, 2015 7:14pm
Check out the issues they have with their affiliates and you will get a better look at the problems Mood has currently. Plus music is still the major RMR revenue driver and they seem to have forgetten this in their push into optional delivery choices like Pandora which has driven down their own Mood/DMX monthly RMR charges drastically.  
Comment by injailforgood on Aug 10, 2015 8:08pm
The issue with DMX franchisees was resolved 2 years ago (mid-2013) with a new affiliate agreement - that is ancient history. Your comment on Pandora does not make any sense - Pandora is completely incremental to the bottom line. I might be off but you sound like a prior employee(?)  
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