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Tag Archives: director

Google launches Migrate for Anthos, Traffic Director, and Layer 7 Internal Load Balancer

July 31, 2019   Big Data

Google today made a slew of hybrid and multi-cloud announcements. The company launched Migrate for Anthos in beta, which allows you to take virtual machines from on-premises or Google Compute Engine and move them directly into containers running in Google Kubernetes Engine (GKE). Migrate for Compute Engine, which already supports moving virtual machines out of Amazon EC2, gained beta support for migrating virtual machines directly from Microsoft Azure into Google Compute Engine. Finally, Google added options for adopting microservices and modern load balancing.

Anthos is a service based on GKE that lets you run your applications unmodified via on-premises datacenters or in the public cloud. At Google Cloud Next 2019 in April, Anthos hit general availability. Most interestingly, Google announced at the time that Anthos will run on third-party clouds, including AWS and Azure.

Now, Migrate for Anthos lets you modernize your virtual machines and move them to containers automatically. The manual processes of traditional container modernization strategies are no longer required, Google promises, “even for VMs you’d previously written off as not being able to modernize.” And once you’ve moved, there are plenty of automation benefits, like no longer having to manually maintain and patch your OS.

Traffic Director and Layer 7 Internal Load Balancer

Google today also announced the general availability of Traffic Director in Anthos and the beta release of Layer 7 Internal Load Balancer (L7 ILB). The former makes it easier to adopt microservices and the latter to use modern load balancing. Both work out-of-the-box with virtual machines (Compute Engine) and containers (Google Kubernetes Engine or self-managed).

 Google launches Migrate for Anthos, Traffic Director, and Layer 7 Internal Load Balancer

Traffic Director is Google’s fully managed, scalable, resilient service mesh control plane that provides configuration, policy, and intelligence to Envoy or similar proxies. Originally built at Lyft, Envoy is an open source high-performance proxy that runs alongside the application to deliver platform-agnostic networking capabilities. Envoy abstracts away application networking, while Traffic Director delivers global resiliency, intelligent load balancing, and controls like traffic splitting, fault injection, and mirroring.

 Google launches Migrate for Anthos, Traffic Director, and Layer 7 Internal Load Balancer

If you want to modernize existing applications, L7 ILB can bring load balancing features to legacy environments via a traditional load balancer. Because L7 ILB is powered by Envoy and Traffic Director, it’s also a great first step toward migrating legacy apps to service mesh.

On its Q2 2019 earnings call last week, Google said its cloud business has hit an $ 8 billion annual run rate. That revenue figure includes G Suite, however, and it still puts the company behind competitors Amazon Web Services and Microsoft Azure. Today’s announcements are no surprise — Google is making it easier for potential customers to come into the fold.

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Black Panther Director Ryan Coogler Producing New Movie ‘Jesus Was My Homeboy’!

February 20, 2019   Humor
RyanCoog Black Panther Director Ryan Coogler Producing New Movie ‘Jesus Was My Homeboy’!

Here’s a hot one. Black Panther director Ryan Coogler and Charles D. King’s MACRO (Mudbound) are producing movie Jesus Was My Homeboy, about iconic Black Panther Party member Fred Hampton, for Warner Bros.

Get Out’s Daniel Kaluuya is in talks to star as activist Hampton with Atlanta and Sorry To Bother You star Lakeith Stanfield in talks to play William O’Neal, the man who betrayed Hampton to the FBI. Shaka King (Newlyweeds) will direct and produce from a script he wrote with Will Berson (Sea Oak).

The film will follow the rise and untimely demise of Hampton as seen through O’Neal’s eyes. It will explore how the FBI infiltrated the Black Panthers, the psychology of their informant and the notorious assassination of the young political leader who died aged only 21.

Executive producers are Sev Ohanian, Zinzi Coogler and MACRO’s Kim Roth and Poppy Hanks.

Hampton was a respected and talented grass-roots civil rights activist who rose to become chairman of the Illinois chapter of the Panthers organization and deputy chairman of the national BPP. But his charisma, oratorial skills and swift ascent marked him out as a threat in the eyes of the FBI and in 1969 he and fellow Panther Mark Clark were killed during a controversial raid by a tactical unit carrying out orders from the Chicago Police Department and the FBI. O’Neill had provided the FBI with detailed plans of Hampton’s apartment.

The deaths were initially ruled justifiable homicide and the police claimed the Panthers had initiated hostilities, but a number of investigations pointed to state-sponsored assassination and subsequent civil lawsuits led to settlements by law enforcement and Illinois’ Cook County. Thousands attended Hampton’s funeral and he was eulogized by African American leaders including Jesse Jackson and Ralph Abernathy. O’Neal remained haunted by his part in Hampton’s death until his mysterious suicide in 1990.

Widows and Black Panther star Kaluuya is currently filming Universal’s Queen And Slim. Atlanta and Sorry To Bother You star Stanfield recently shot Rian Johnson’s Knives Out.

Coogler is producing upcoming Warner Bros pic Space Jam 2 and is also lining up the sequel to global smash Black Panther, while MACRO’s upcoming slate includes Netflix series Raising Dion and Netflix film Tigertail.

Director King made his feature debut with 2013 comedy-drama Newlyweeds and more recently was a director on HBO series High Maintenance and writer on HBO’s Random Acts Of Flyness.

Source: Deadline

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Comedy Icon Penny Marshall, ‘Laverne & Shirley’ Star Turned Director, Dies at 75

December 27, 2018   Humor

She starred for eight seasons on the ABC ratings hit, created by her late brother Garry Marshall, and directed such films as ‘Big,’ ‘A League of Their Own’ and ‘Awakenings.’

Penny Marshall, the nasally and good-natured Bronx native who starred on the ABC ratings sensation Laverne & Shirley before shattering records as a top-grossing female director in Hollywood, has died. She was 75.

The younger sister of the late writer-director-producer Garry Marshall and the first wife of actor-director Rob Reiner, Marshall died in her Hollywood Hills home on Monday night from complications from diabetes, her publicist Michelle Bega told The Hollywood Reporter on Tuesday. She was diagnosed with brain and lung cancer in 2009.

Marshall earned fame — but, incredibly not even one Emmy nomination — for playing the wisecracking Laverne DeFazio on the Happy Days spinoff created by her brother. Laverne & Shirley, which aired for eight seasons from 1976-83, centered on the escapades of two romantically challenged Milwaukee brewery workers, with Cindy Williams co-starring as Marshall’s idealistic roommate, Shirley Feeney.

She directed a handful of episodes of the sitcom, then was approached to step in as a last-minute replacement for Howard Zieff to helm the feature comedy Jumpin’ Jack Flash (1986), starring Whoopi Goldberg.

For her next film, she hit comedic pay dirt with Big (1988), the magical Tom Hanks starrer about a boy who wakes up in the body of an adult. Co-produced by James L. Brooks, who brought the script to her, it was the first film directed by a woman to gross more than $ 100 million (about $ 198 million in today’s dollars) domestically.

Another great Marshall comedy, A League of Their Own (1992), a fictional account about the real-life All-American Girls Professional Baseball League organized during World War II, also starred Hanks (as well as Geena Davis, Rosie O’Donnell and Madonna) and broke through the $ 100 million barrier as well.

In between those films, the director dramatically changed course with the fact-based Awakenings(1990), which starred Robert De Niro as a middle-aged man who has been catatonic for 30 years and Robin Williams as a painfully shy doctor determined to “awaken” him.

With Awakenings, Marshall became the second woman ever to helm a best picture Oscar nominee. She also is only one of seven to achieve that without landing a directors nom as well.

“I had friends who said, ‘Why do you want to be in a hospital for four months?’ I said, ‘I was depressed in a toy store, what difference does it make?’ ” she told the Los Angeles Times in 1990. “I’m a depressed person. People said it was so brave to do a drama. I didn’t think it was bravery. I figured I had an excuse: If it didn’t work, I could say, ‘Well, that’s not my strength.’ ”

Carole Penny Marshall, named after actress Carole Lombard, was born Oct. 15, 1943, and her family lived on the Grand Concourse, a major thoroughfare in the Bronx. Her father, Anthony, made industrial films, and her mother, Marjorie, was a dance instructor who taught her youngest kid how to tap.

Marshall often noted that Garry, 10 years older than she, and her sister Ronny, six years her senior, were planned, while she was a mistake. As a teenager, her mother told her, “You were a miscarriage, but you were stubborn and held on.” Her parents did not get along with each other.

(Garry died of complications from a stroke on July 19, 2016. He was 81.)

Following high school, she fled to the University of New Mexico to study psychology, got married in 1961, dropped out and had a daughter, Tracy, her only child (who later was adopted by Reiner). Divorced after two years, Marshall supported herself with an array of jobs, including a stint as a choreographer for the Albuquerque Civic Light Opera Association, before heading to Los Angeles in 1967.

“I didn’t know my brother that well,” she told Tavis Smiley in a 2012 interview. “So I went and said, ‘Let me go meet him.’ He was doing well. He was writing for Dick Van Dyke and Joey Bishop and every show, so why not to meet him?

“He’s a great guy. I wouldn’t have a career without him. He told me go have lunch with this person, go take acting classes from this person. I said, ‘Mommy wants me to change my name.’ He said, ‘Why?’ ‘Because she doesn’t want me to embarrass the family.’ (Laughter.) ‘He said, ‘Don’t listen to her, she’s nuts.’ ”

Supporting herself as a secretary while studying acting, she appeared in commercials. Her first was a Head & Shoulders spot opposite the gorgeous, blond and then-unknown Farrah Fawcett; Marshall played her plain roommate.

After appearing on such shows as That Girl and Love, American Style, she and Reiner — mere months before they were to marry — auditioned for a new CBS sitcom. But while Reiner was cast as Michael Stivic, it was Sally Struthers who ended up playing his wife, Gloria, on All in the Family.

Marshall, though, soon joined her brother’s ABC comedy, The Odd Couple, as Oscar Madison’s flighty secretary, Myrna Turner. It was Jack Klugman, who played Oscar the sloppy sportswriter, who insisted she get the job.

Guest stints on such series as The Bob Newhart Show and The Mary Tyler Moore Show and a regular role on the short-lived sitcom Paul Sand in Friends and Lovers (created by Brooks and Allan Burns) followed.

In 1975, she and Williams — who had met on a double date years earlier during a Liza Minnelli performance at L.A.’s Ambassador Hotel — were working on a satire for Francis Ford Coppola’s Zoetrope magazine when Garry Marshall hired them for an episode of Happy Days.

Portraying “fast girls” recruited by Fonzie (Henry Winkler) for a double date with Richie Cunningham (Ron Howard), the two displayed an immediate comic rapport. So when ABC entertainment chief Fred Silverman asked the Happy Days creator if he had any ideas for a new show, he mentioned one starring his sister and Williams as Milwaukee’s best.

“Fred Silverman was in his spinoff days,” Marshall said in a 2000 interview with the Archive of American Television. “[I pitched the show as] two girls from the other side of the tracks. There are no shows about blue-collar girls on the air. He said, ‘It’s on! What’s its name?’ ‘I said, Laverne & Shirley.’ ‘Good, I love it!’ ”

“People were dying for someone that didn’t look like Mary Tyler Moore, a regular person,” Marshall added. “My sister looks like a regular person, talks like a regular person.”

The series, from Paramount Television, started out with the ladies living in a basement apartment and working as bottle cappers for the Schotz brewery in the 1950s. Marshall quaffed milk mixed with Pepsi and sported sweaters with a large, loopy ‘L’ on them, and she and Williams performed physical shenanigans not seen since the days of I Love Lucy.

Laverne & Shirley debuted No. 1 in the ratings on Jan. 26, 1976, and in its post-Happy Days spot at 8:30 p.m. on Tuesdays, went on to become the highest-rated series for the 1977-78 and 1978-79 seasons. (Reiner’s All in the Family was No. 2.)

 Comedy Icon Penny Marshall, ‘Laverne & Shirley’ Star Turned Director, Dies at 75

“We [once] had a 60 share. That doesn’t happen except for the Academy Awards or things like that, like the Super Bowl,” she told the Huffington Post in May 2013. “We beat out Jesus once, I remember that. It was Easter.”

In mid-1979, Laverne & Shirley was sold into syndication for a record price, estimated to be $ 50,000 an episode.

Williams, though, was not with the writers on the show, and in 1982 she sued Paramount for $ 20 million in a dispute over wanting to get paid while missing episodes because she was pregnant. After a settlement, Williams was written out of the series, and Laverne & Shirley wrapped after 178 episodes in May 1983 with one Emmy nom ever — for costume design.

In 1978, Marshall starred opposite Reiner in the ABC telefilm More Than Friends, co-written by Reiner and based on the early days of their courtship. (Earlier, Reiner had played her fiance, named Sheldn (they forgot the “o” on his birth certificate, as the gag went), on The Odd Couple.

She and Reiner split up in 1979; afterward, she had a long romance with singer Art Garfunkel.

Marshall also had a minor role in the 1979 comedy 1941, directed by Steven Spielberg, and she did a cameo as a director in the 1995 movie adaptation of Elmore Leonard’s Hollywood satire Get Shorty!

After A League of Their Own, Marshall directed Renaissance Man (1994), toplined by Danny DeVito and featuring Mark Wahlberg in his feature debut; The Preacher’s Wife (1996), with Denzel Washington and Whitney Houston in what she once called “the first black Christmas movie”; and the Drew Barrymore starrer Riding in Cars With Boys (2001).

More recently, she directed a couple of episodes of Showtime’s United States of Tara and appeared on IFC’s Portlandia (series star Fred Armisen hilariously impersonated her to promote her sassy 2012 memoir, My Mother Was Nuts) and the Fox sitcom Mulaney.

Marshall was one of Hollywood’s most fervent Los Angeles Lakers fans. She regularly was seen courtside at the Forum and then Staples Center, with her trademark tinted glasses perched precariously on her nose.

Her daughter played left fielder Betty Spaghetti in A League of Their Own.

Duane Byrge contributed to this report.

Source: The Hollywood Reporter

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Martin Lawrence Guest Stars On The Season Final Of TV One's 'Rickey Smiley For Real'!

'The Fresh Prince of Bel-Air' Star Alfonso Ribeiro Sues Creators Of Fortnite!

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Eagle Creek CRM Director Sandeep Kadam: What Today's Customers Want

January 13, 2017   CRM News and Info

Sandeep Kadam is director of CRM and enterprise technology at Eagle Creek Software Services.

In this exclusive interview, Kadam provides CRM Buyer readers with some insights on how to understand the new customers for CRM software.

84214 300x300 Eagle Creek CRM Director Sandeep Kadam: What Today's Customers Want

Eagle Creek CRM Director
Sandeep Kadam

CRM Buyer: What are some of the most significant trends right now in CRM?

Sandeep Kadam: When I started about 20 years ago, it was more of an inside-out technology. It was about making sales calls more efficient, and giving salespeople all the tools they needed so they could achieve their numbers. From there it has become more of an outside-in technology, where the customer is impacting how CRM is going to evolve.

Customers are driving that functionality, and I attribute that to the social footprint that started impacting not only CRM, but everything else around it. What we’re seeing is that companies are looking for help and assistance in making the customer journey more effective. They’re asking, “What can I do to make it easier for my customer to engage with me?”

Customers are not using traditional channels, like call centers and in-person offices. They’re using devices, and that’s where creating an effective customer journey is becoming more of a need. Companies have multiple channels where customers interact, and they’re trying to find new ways to engage with their customers.

CRM Buyer: How can good CRM increase a company’s profitability?

Kadam: A good CRM application is going to allow a company to do proper data mining. What that means is that the company is able to do a deep dive into a customer’s interactions with that company and is proactively able to go talk with that customer about what can benefit the end user, or is able to look at complaints and proactively react to that need.

CRM also allows for effective staff management. You need to understand how many people are meeting your expectations. All of that information is available in CRM, but a good CRM system is able to provide patterns that will allow leadership to make staffing changes, increase or decrease staff, or provide additional training.

Finally, a good CRM system allows companies to be effective in case management. If a pattern of transactions is telling a manager or leader that a particular product has been having a lot of complaints, the manager has the information available to go to the business and talk to them.

All of this information that can drive business growth and allow businesses to make good decisions is available, and a good CRM system provides that information.

CRM Buyer: What role should automation play in CRM? And how can it best be balanced with human interaction?

Kadam: Let’s look at customers. The definition of a “customer” has changed a little bit over time. The customer we used to have 10 years ago was not hooked onto devices. They had the patience to call in and provide all the information needed.

Customers today, however, are connected and want more information available at their fingertips. They want to provide minimum information, but they also want maximum output. CRM vendors should find a way to consolidate their back ends and legacy systems, to make sure that they have all the proper information.

Once a customer calls in, the company’s representative should be able to get, by asking two questions, all the information that’s available about that customer. The only way that’s possible is to put in proper automation workflows, so building that automation is the key. Integration and automation is going to become a backbone to successful CRM practice.

CRM Buyer: Is there a need to balance automation with human interaction in CRM?

Kadam: As technology takes over, human contact is becoming increasingly irrelevant. We’d never recommend any customer to fully automate their call centers, but that customer base is diminishing very fast.

Part of a company’s strategy needs to account for some level of human intervention, but we’re moving away from that. Customer engagement and creating a user journey is going to bring the customer and company together.

CRM Buyer: How is CRM evolving and changing? What’s in the future?

Kadam: Customers are changing. They believe that they know everything, and they are going to provide minimum information and expect more.

Everyone is trying to engage their customers, and the next step will be to give customers the ability to create their own user interface. They want to define what kind experience they’re going to have. end enn Eagle Creek CRM Director Sandeep Kadam: What Today's Customers Want


Freelance writer Vivian Wagner has wide-ranging interests, from technology and business to music and motorcycles. She writes features regularly for ECT News Network, and her work has also appeared in American Profile, Bluegrass Unlimited, and many other publications. For more about her, visit her website. You can also connect with Vivian on Google+.

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Expert Interview Series: Alan Radding, Research Director for TechnologyWriter.com on Mainframe and Big Data Trends

June 8, 2016   Big Data

Alan Radding blog 6 8 16 Expert Interview Series: Alan Radding, Research Director for TechnologyWriter.com on Mainframe and Big Data Trends

For over 20 years Alan Radding has provided technology writing, analysis, ghostwriting, and blog/online content for a variety of publications, websites, major research and consulting firms, and technology giants like IBM, HP, and EMC. We recently checked in with him about expansions to IBM’s z System and what companies should be doing to stay up to date with innovations in Big Data. Here’s what he had to say:

What technology news or innovations are you most excited about right now?

Internet of Things, Blockchain, open source technology and the continuing growth of cloud computing.

What issues related to Big Data do you think more organizations should be paying attention to?

Near real-time predicative analytics, cognitive computing and automation.

What are the most interesting expansions to IBM’s z Systems you’re seeing?

Linux, Hadoop, support for IoT and Blockchain, support for open technology through open industry consortia like OpenStack, Open Power and the Open Mainframe Project and consortia being formed around Blockchain and IoT.

How would you like to see z System’s footprint expand?

IBM should extend the z further into cognitive computing and bring its latest breakthroughs to storage, such as PCM, to products that work with the z. It also needs to stimulate Open Mainframe Project growth and activity much as it did with OpenPower as well as continue to push OpenStack and openness wherever it has potential.

How should enterprise organizations using z System today be strategizing for the future when it comes to leveraging data and real-time analytics?

They need to immediately add Linux in a serious way to their z environment and begin to participate in the various open consortia where applicable. They need to figure out how they can benefit from IoT and what IoT could do to mainframe resource consumption. They also need to figure out where and how they might benefit from Blockchain, which is essentially a highly secure distributed log file that is only minimally related to electronic money like bitcoins. If they don’t get oriented to the open consortia world they risk being left behind and eventually stranded.

How is z System being used for real-time analytics?

With Hadoop running on the z, it is possible to do near real time analytics on the z (notice near real time; in truth nothing is actually real time, there always is some latency). This is possible because most of the data already resides on the z platform so your analytics there will have the least possible latency and generate the least overhead, avoiding delays and extra expense.

What is the demand for real-time analytics today? What types of industries are asking for it?

The demand is growing, starting in the expected industries: financial services, health sciences/pharmaceuticals. With IoT real-time analytics will attract manufacturing, transportation, logistics, oil & gas exploration. Real-time analytics will be particularly appealing with IoT in retail and financial services for security, allowing a company to identify the bad guys before they leave the cash register or bank teller window.

What do you think the future looks like for how enterprise organizations manage data? What will be their go-to tools?

If companies do not move real time analytics they will get left behind. Same with predictive analytics; both real-time and predictive need to run in tandem. IoT, Blockchain, mobile, and OLTP have the potential to generate so much data so fast that their people using anything but automated smart systems with minimal latency will be unable to recognize important information and act on it quickly enough.

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Will Smith To Reteam With ‘Suicide Squad’ Director David Ayer For Fantasy Cop Thriller!

March 8, 2016   Humor

Will Smith will reteam with his “Suicide Squad” director David Ayer, to tackle a new project titled “Bright,” which Joel Edgerton is also attached to co-star in, with Max Landis penning the script.

Full details on “Bright” are still underwraps at the moment, other than a description of the film as a futuristic cop thriller with fantastical elements, set in a world where Orcs and fairies live among humans. I can’t help but think of another Will Smith interracial buddy-action-adventure movie with fantastical elements – namely, the “Men in Black” franchise of movies.

The project is not yet set up at any studio, although given who is attached, it likely won’t be long before it finds a home.

Will Smith is currently filming “Collateral Beauty” just kicked off principal photography. The New Line Cinema and Village Roadshow Pictures project sees Smith leading an all-star cast that includes Edward Norton, Keira Knightley, Michael Peña, Naomie Harris, Kate Winslet, Helen Mirren and Jacob Latimore. The film has been slated for release on December 16, 2016, and is on my list of potential 2017 Oscar contenders, for individual performances and the overall film itself.

Deadline was first to report the news on “Bright.”

Source: Deadline

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Cheetah Mobile Appoints Tencent's Li Zhaohui As Director

November 25, 2015   Mobile and Cloud

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Chinese Internet and mobile Internet security company Cheetah Mobile announced that the company has appointed Li Zhaohui as a new director of the company; meanwhile, former director Peng Zhijian resigned his position, effective immediately. Li is currently an executive partner of Tencent Investment and general manager of Tencent Mergers & Acquisitions. He focuses on Tencent’s […]
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Cheetah Mobile Appoints Tencent's Li Zhaohui As Director

November 25, 2015   Mobile and Cloud

Chinese Internet and mobile Internet security company Cheetah Mobile announced that the company has appointed Li Zhaohui as a new director of the company; meanwhile, former director Peng Zhijian resigned his position, effective immediately.

Li is currently an executive partner of Tencent Investment and general manager of Tencent Mergers & Acquisitions. He focuses on Tencent’s global mergers and acquisitions in multiple sectors, covering interactive entertainment and games, social networking services, and O2O and Internet finance.

Prior to joining Tencent, Li worked for Bertelsmann Asia Investments, Google China, and Nokia GB and China. Li gained his Bachelor’s degree at Guanghua School of Management, Peking University and got his MBA from Duke University.

Fu Sheng, chief executive officer of Cheetah Mobile, said that they welcome Li to join the board of directors of Cheetah Mobile and believe that his knowledge and experience of the Chinese Internet and global capital market will bring new value to the company. At the same time, they appreciate the long-term support and contributions of Peng.

According to Cheetah Mobile’s third quarter financial report ended September 30, 2015, the company’s total revenue reached CNY1.009 billion during the reporting period, a year-on-year increase of 110.7%; and its mobile revenue was CNY703 million, a year-on-year increase of 522% and accounting for 69.7% of its total revenue.

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Cheetah Mobile Appoints Tencent's Li Zhaohui As Director

November 23, 2015   Mobile and Cloud

Chinese Internet and mobile Internet security company Cheetah Mobile announced that the company has appointed Li Zhaohui as a new director of the company; meanwhile, former director Peng Zhijian resigned his position, effective immediately.

Li is currently an executive partner of Tencent Investment and general manager of Tencent Mergers & Acquisitions. He focuses on Tencent’s global mergers and acquisitions in multiple sectors, covering interactive entertainment and games, social networking services, and O2O and Internet finance.

Prior to joining Tencent, Li worked for Bertelsmann Asia Investments, Google China, and Nokia GB and China. Li gained his Bachelor’s degree at Guanghua School of Management, Peking University and got his MBA from Duke University.

Fu Sheng, chief executive officer of Cheetah Mobile, said that they welcome Li to join the board of directors of Cheetah Mobile and believe that his knowledge and experience of the Chinese Internet and global capital market will bring new value to the company. At the same time, they appreciate the long-term support and contributions of Peng.

According to Cheetah Mobile’s third quarter financial report ended September 30, 2015, the company’s total revenue reached CNY1.009 billion during the reporting period, a year-on-year increase of 110.7%; and its mobile revenue was CNY703 million, a year-on-year increase of 522% and accounting for 69.7% of its total revenue.

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Coolpad Appoints Letv's Chief As Executive Director

August 21, 2015   Mobile and Cloud

Chinese smartphone maker Coolpad has appointed Jia Yueting, chairman and general manager of Letv.com, and Liu Hongwei, vice chairman and deputy general manager of Letv.com, as executive directors, effective immediately.

According to the company, Jia and Liu signed three-year service contracts with Coolpad, starting from August 17, 2015. Both of them will receive CNY1 million fixed annual salaries.

Coolpad Group announced in June 2015 that the company sold 780.38 million shares at the price of HKD3.508 per share to Leview Mobile, Letv’s subsidiary registered in Hong Kong.

Later that month, Jia also confirmed that Letv’s subsidiary invested HKD2.73 billion, which was about CNY2.2 billion at the time, in acquiring an 18% stake in Coolpad, making it the second largest shareholder of the smartphone company.

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