wordpress blog stats
Connect with us

Hi, what are you looking for?

LCM President Mark Melville Resigns; To Join Global Cricket Ventures

Live Current Media, which exited the Cricket business following an expensive and unprofitable foray into Cricket Digital Rights with the Indian Premier League, has announced that its President Mark Melville has resigned and will leave the company effective October 1st 2010. Melville will assume a leadership position at Global Cricket Ventures, the Elephant Capital funded entity which was initially formed as a joint venture between NetLink Blue Holdings and Live Current Media. Melville will assist in the recruitment of his replacement, and will not draw a salary from LCM, though will receive accrued but unpaid compensation. Two other members of LCM’s management have also resigned.

LCM’s agreement with Global Cricket Ventures covers the transfer of the domain name ‘cricket.com, and its associated operations; rights related to the Indian Premier League are already vested with GCV. Melville’s replacement will be hired to focus on e-commerce, and the monetisation of LCM’s property Perfume.com, as a source of perfume related content and the latest fragrances not available elsewhere on the Internet.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

News

The Delhi High Court on Monday refused to stop Amazon from pushing regulators to stop the sale of the Future Group’s businesses to Reliance...

News

Pine Labs has raised around $100 million in fresh funds from Lone Pine Capital, a hedge fund based in the United States, at a...

News

Restaurant aggregator and food delivery company Zomato has raised US$660 million (over ₹4,850 crore), taking its valuation to ₹3.9 billion. CEO Deepinder Goyal tweeted...

Uncategorized

Minister of Road Transport and Highways Nitin Gadkari said on December 17 that GPS-based tolling will replace toll plazas in two years, The Hindu...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ