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Industry veteran Solomon named NME Chairman

New Medium Enterprises, developer of the low-cost, red laser-based high-definition format HD VMD disc solution, announced that TV industry veteran Michael Jay Solomon has joined the company as Chairman. Solomon's television and film career includes positions as President of Warner Bros. International Television.

With extensive experience throughout multiple global markets, including EMEA, China and North America, Solomon will work with the NME Board and senior management team to further develop its business on a global scale and promote its HD VMD disc format and players, says the company.

Solomon co-founded Telepictures Corporation, which he grew to become the largest U.S. television syndication company and one of the largest international television distribution companies. A landmark deal saw Telepictures merge with Lorimar to form Lorimar Telepictures Corp., where Solomon became the new company's President and served on its Board of Directors.

When Lorimar was acquired by Warner Bros., Solomon became President of Warner Bros. International Television. In recent years, Solomon has spearheaded multiple industry advancements through his company, Solomon Entertainment Enterprises.

"NME has developed a High Definition product that speaks to current market needs and also looks to the future. The timing is right to come into the market now and this company has been forging the right content, distribution and production deals," said Solomon.

Story filed 21.08.07

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