Mitch Lowe President Redbox A veteran of the
Post# of 96874
Posted On: 12/08/2015 8:34:30 AM
Mitch Lowe
President
Redbox
A veteran of the video and entertainment industry with more than 25 years experience, Mitch Lowe was named chief operating officer of redbox in 2005 and president in April 2009. Widely credited for the development of low-cost, automated DVD rental, Lowe has played a central role in growing the redbox network from 12 locations to more than 21,000 locations nationwide.
Prior to joining redbox, Lowe consulted for McDonald’s business development group, heading the company’s DVD vending machine team – the team that ultimately created the redbox concept. Before that, he helped to found Netflix, where he served as vice president of business development. In 2002, Lowe helped to bring Netflix public.
An innovator, in 1984, Lowe oversaw the development of one of the video industry’s first video vending machines – Video Droid. He ultimately sold 60 of these machines in the United States and Japan and, in 1986, its technology to C. Itoh, a Japanese trading company. Over the next 10 years, Video Droid opened video rental stores and grew into a successful regional chain in Northern California.
Involved in all aspects of the video industry, Lowe has served on the Board of Directors of the Video Software Dealers Association (VSDA) and was named its Chairman in 1996.
NanoTech Entertainment Appoints Mitch Lowe to Content Advisory Board
Netflix Co-Founder and Redbox Veteran to Expand NanoTech’s 4K Content Business
NanoTech Entertainment (OTCPINK: NTEK), a pioneer in bringing the 4K Ultra HD experience to consumers, announced today that video rental visionary Mitch Lowe has joined NanoTech and will head up the Content Advisory Board. Lowe will help with advancing NanoTech’s major studio relationships as NanoTech expands its 4K Ultra HD business.
Lowe’s career in the video business started in the 1980’s with Video Droid, an early movie rental machine that he then sold to a Japanese ATM company. He then opened a successful chain of video rental stores, further increasing his knowledge about the video rental customer experience. Leveraging that experience, he created a business that built websites for video rental stores.
In 1997, while exhibiting at a tradeshow, Lowe met with Marc Randolph. Reed Hastings and Marc Randolph, along with Mitch as the video rental domain expert, created what would become the world’s premiere video service, Netflix®. After serving as Vice President of Business Development & Strategic Alliances for Netflix to 2003, Lowe was recruited by McDonalds® to work on a video-rental service that eventually became Redbox®. Lowe served as Chief Operating Officer and President of Redbox until October 2011. Most recently, Lowe has been providing consulting advice for entrepreneurs and startups.
Lowe stated, “I am very excited about joining NanoTech and helping them define the next generation of video on demand with their 4K Ultra HD initiative. Having seen their successful debut of the Nuvola NP-1 at CES earlier this month, I think NanoTech is uniquely positioned to deliver The Future of Television.”
“We are honored to have Mitch join our team,” said Jeff Foley, CEO of NanoTech Entertainment. “His amazing career in the video business, and his many successful paradigm shifting ideas, have helped to define how video on demand in consumed today.”
Read more at Reutershttp://www.reuters.com/article/ca-nanotech-idUSnBw315688a+100+BSW20140131#AGpwDb9dIsOKmvFL.99
President
Redbox
A veteran of the video and entertainment industry with more than 25 years experience, Mitch Lowe was named chief operating officer of redbox in 2005 and president in April 2009. Widely credited for the development of low-cost, automated DVD rental, Lowe has played a central role in growing the redbox network from 12 locations to more than 21,000 locations nationwide.
Prior to joining redbox, Lowe consulted for McDonald’s business development group, heading the company’s DVD vending machine team – the team that ultimately created the redbox concept. Before that, he helped to found Netflix, where he served as vice president of business development. In 2002, Lowe helped to bring Netflix public.
An innovator, in 1984, Lowe oversaw the development of one of the video industry’s first video vending machines – Video Droid. He ultimately sold 60 of these machines in the United States and Japan and, in 1986, its technology to C. Itoh, a Japanese trading company. Over the next 10 years, Video Droid opened video rental stores and grew into a successful regional chain in Northern California.
Involved in all aspects of the video industry, Lowe has served on the Board of Directors of the Video Software Dealers Association (VSDA) and was named its Chairman in 1996.
NanoTech Entertainment Appoints Mitch Lowe to Content Advisory Board
Netflix Co-Founder and Redbox Veteran to Expand NanoTech’s 4K Content Business
NanoTech Entertainment (OTCPINK: NTEK), a pioneer in bringing the 4K Ultra HD experience to consumers, announced today that video rental visionary Mitch Lowe has joined NanoTech and will head up the Content Advisory Board. Lowe will help with advancing NanoTech’s major studio relationships as NanoTech expands its 4K Ultra HD business.
Lowe’s career in the video business started in the 1980’s with Video Droid, an early movie rental machine that he then sold to a Japanese ATM company. He then opened a successful chain of video rental stores, further increasing his knowledge about the video rental customer experience. Leveraging that experience, he created a business that built websites for video rental stores.
In 1997, while exhibiting at a tradeshow, Lowe met with Marc Randolph. Reed Hastings and Marc Randolph, along with Mitch as the video rental domain expert, created what would become the world’s premiere video service, Netflix®. After serving as Vice President of Business Development & Strategic Alliances for Netflix to 2003, Lowe was recruited by McDonalds® to work on a video-rental service that eventually became Redbox®. Lowe served as Chief Operating Officer and President of Redbox until October 2011. Most recently, Lowe has been providing consulting advice for entrepreneurs and startups.
Lowe stated, “I am very excited about joining NanoTech and helping them define the next generation of video on demand with their 4K Ultra HD initiative. Having seen their successful debut of the Nuvola NP-1 at CES earlier this month, I think NanoTech is uniquely positioned to deliver The Future of Television.”
“We are honored to have Mitch join our team,” said Jeff Foley, CEO of NanoTech Entertainment. “His amazing career in the video business, and his many successful paradigm shifting ideas, have helped to define how video on demand in consumed today.”
Read more at Reutershttp://www.reuters.com/article/ca-nanotech-idUSnBw315688a+100+BSW20140131#AGpwDb9dIsOKmvFL.99
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