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Globally Recognized Venture Capitalist Carmen Chang Elected To STX Entertainment Board Of Directors

Tuesday, Nov 03, 2015

BURBANK, Calif., Nov. 3, 2015 /PRNewswire/ -- STX Entertainment today announced that Carmen Chang, partner and managing director, Asia (excluding India) for NEA, one of the world's largest and most active venture capital firms, has been elected to STX's Board of Directors.

Globally Recognized Venture Capitalist Carmen Chang Elected To STX Entertainment Board Of Directors

As NEA's partner and managing director, Chang is focused on building the firm's global organization and portfolio in China and other emerging markets in Asia. Throughout her distinguished career, she has been involved with many of the most important technology transactions and companies in China, including the first foreign investments in China Netcom as well as companies such as Lenovo, Foxconn, Google, Tencent, Netease, CEC, China Mobile and others.

Prior to joining NEA, Chang was a partner at Wilson Sonsini Goodrich & Rosati. A specialist in corporate and securities law, she led the firm's burgeoning practice in China, where she represented major companies, including Google, Apple and Facebook. In addition to her role with NEA, she is an affiliate of the Center for International Security and Cooperation at Stanford University and a fellow for the Rock Center for Corporate Governance, a joint initiative of Stanford Law School and the Stanford Graduate School of Business.

"Carmen is a globally recognized expert in corporate governance, mergers, acquisitions and complex financial transactions. Her incredible background and wealth of experience building global businesses will be an enormous benefit to our board as we continue to grow our media company. We are tremendously privileged to welcome her to STX Entertainment's Board of Directors," said Robert Simonds, Chairman and CEO of STX Entertainment.

"STX Entertainment is quickly establishing itself as one of the most unique and dynamic media businesses in the worldwide entertainment landscape," Chang said. "I am extraordinarily impressed with their business plan, strategy and vision for the future and am honored to be joining their board. I have enormous respect for Bob Simonds and the skilled management team he has assembled, and I look forward to working with my fellow board members to establish STX as one of the pre-eminent and diverse media brands in entertainment."

In addition to Robert Simonds, the board includes many prominent figures in the world of global finance and entertainment, such as David Bonderman, Founding Partner of TPG; Bill McGlashan, Managing Partner and Founder of TPG Growth; John Zhao, CEO of Hony Capital, one of China's largest and most respected private equity firms; Tracy Cui, Managing Director of Hony Capital; Frank Biondi, former President and CEO of Viacom, Inc. and Former Chairman and CEO of Universal Studios; Tony Vinciquerra, Former Chairman and Chief Executive Officer of Fox Networks Group; and film and stage producer, businesswoman and filmmaker Gigi Pritzker, founder and CEO of OddLot Entertainment.

Chang additionally serves on the Board of Directors of AAC Technologies Holdings, Inc., one of the world's foremost vertically integrated manufacturers of miniature components; Semiconductor Manufacturing International Corporation (SMIC), the largest and most advanced semiconductor foundry in Mainland China; and Alien Technology, Inc., a leading global RFID company.

Chang holds an MA in Modern Chinese History from Stanford University and a JD from Stanford Law School.

About STX Entertainment

STX Entertainment is a fully-integrated global media company specializing in the production, marketing, and distribution of talent-driven films, television programming and digital content. It is the first major entertainment media company to be launched at this scale in Hollywood in more than twenty years.

STX Entertainment is led by prolific businessman Robert Simonds and was co-founded by Bill McGlashan, Managing Partner of TPG Growth, a division of leading global private investment firm TPG, which has $75 billion of capital under management. In addition to backing from TPG Growth, other investors include blue chip financial partner Hony Capital, a leading private equity firm in China, Gigi Pritzker, co-founder and CEO of film and television production company OddLot Entertainment, and Beau Wrigley, former Chairman and CEO of the Wm. Wrigley Jr. Company, among others.

For more information about STX Entertainment, please visit our website at

Media Contact:

Steve Elzer

Elzer & Associates

(213) 607-3591

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