Verizon, Hearst Form Complex Networks

A new entity to expand several brands.

Verizon and Hearst are bringing, and Complex under one roof with the formation of Complex Networks.

Complex CEO Rich Antoniello will become CEO of Complex Networks. Neeraj Khemlani, president of Hearst Entertainment & Syndication, and Brian Angiolet, senior vp of Verizon’s consumer product portfolio, will also serve co-chairmen of Complex Networks.

In a statement, Antoniello said Complex Networks will allow for growth.

“By combining the resources and assets of our parent companies—with unparalleled offerings in mobile ad and video technology, as well as premium content production—with the differentiation and growth of RatedRed, Seriously.TV and Complex, you’re looking at a set of digital video networks that will continue to grow production, distribution, and monetization of must watch programming for an audience that is as massive as it is engaged.”

Publish date: September 15, 2016 © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT