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Summary:

Over-the-top video delivery startup ZillionTV has made Jack Lawrence its new CEO, replacing Mitch Berman, who will become executive chairman. The company emailed the following statement to us this afternoon: “As of this week, Jack Lawrence is CEO of ZillionTV committed to day-to-day operations and fundraising […]

Over-the-top video delivery startup ZillionTV has made Jack Lawrence its new CEO, replacing Mitch Berman, who will become executive chairman. The company emailed the following statement to us this afternoon:

“As of this week, Jack Lawrence is CEO of ZillionTV committed to day-to-day operations and fundraising and Mitch Berman, Executive Chairman, will continue to focus on building the ZillionTV service through content, CSP and advertising partnerships.”

During a phone interview, Berman said the move was “completely my decision” and that the need to be out raising funds pulled him away from building a content library and building relationships. Berman wouldn’t comment on where Lawrence came from and the company did not send us Lawrence’s CV in time for this article.

It’s been a rocky October for Zillion. Berman today confirmed that ZillionTV did indeed lay off 30 percent of its workforce earlier this month. Berman said the cuts were in mostly in engineering because they no longer needed to build the technology.

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  1. I think the link should be zillion.tv, not zilliontv.tv…

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  2. The link redirects to the right spot.

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  3. “completely my decision” usually means “completely my decision… as dictated by the board”

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  4. Fundraising in such a competitive and unproven space can be a full-time job, as anyone who has been there can attest. Given the fact that ZillionTV needs to continue to develop its service for consumer appeal, through more content and broader distribution, it’s clear that this was a necessary move (as was the layoff round, given that VCs will scrutinize the company’s fiscal responsibility). This is a challenging space, and I feel from a business perspective, ZillionTV is in a better space to secure round-C funding than it was three weeks ago.

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