Saban Capital Group Taps Craig Cooper to Head Digital Media Investments

10 March 2008

Saban Capital Group, Inc. (SCG), a private investment firm specializing in the media, entertainment and communications industries, today announced that it has named Craig Cooper as Managing Director and head of its new digital media investments group. Cooper will focus on new media, wireless and consumer Internet investment opportunities in the U.S and international markets as well as overseeing the digital media strategies of Saban Capital’s portfolio investments.

Cooper, who has extensive investment experience in the media, wireless and technology industries will be based in Los Angeles, which is fast becoming the hub of new media investment and entrepreneurial talent. Cooper has most recently been a Director of PureVideo Networks (StupidVideos.com and GrindTV.com), AmpTech Design, Thumbplay, YouMail and EBT Mobile China PLC, the leading Shanghai based wireless products and services company. Cooper was also recently a Venture Partner at VantagePoint Venture Partners and was a founding Partner in the SoftBank Capital Technology Fund.

Prior to joining SoftBank, Cooper was the co-founder of Boost Mobile USA, which was sold to Nextel in 2003 and has been a founder or co-founder of a number of technology and media companies throughout his career. He was also a Senior Associate in one of Australia’s largest National law firms and a partner in the largest independent mobile retail distribution company in Australia.

Commenting on Cooper’s hire and the formation of the digital media investments division, Haim Saban, Chairman and Chief Executive Officer of Saban Capital Group said, “We’re thrilled that Craig has agreed to join our team. We have known Craig for years and have long admired his proven track record as a thought leader in the world of new media. His creative vision for the future of our investment platform will be a major asset to Saban Capital as we continue to make strategic investments in new media and consumer Internet.”

Cooper said, “I look forward to working with Haim Saban, Adam Chesnoff and the team on new opportunities for SCG. The success of SCG’s media and entertainment investments, its strong management team and wide range of resources provide a solid platform from which to grow the business. SCG is a truly strategic partner for new media companies and entrepreneurs and we hope to be able to leverage the national and international network of the group to drive the success of our portfolio companies. With the formation of the new digital media group and team, Saban Capital Group will have the depth and commitment to invest across all stages of digital media; from early stage right through to later stage, private equity styled investments”

Adam Chesnoff, President and Chief Operating Officer of Saban Capital Group said, “We look forward to pursing innovative investment opportunities in this new business arena. New media, wireless and consumer Internet industries are continuing to grow exponentially and we are excited that Craig will be leading our efforts in this arena. His ability to identify the next big thing is second to none and we welcome his invaluable creative experience.”