NEWS!
Netflix Co-Founder and Redbox Veteran to Expand NanoTech's 4K Content Business
SAN JOSE, Calif., Jan 31, 2014 (BUSINESS WIRE) -- NanoTech Entertainment (OTCPINK: NTEK), a pioneer in bringing the 4K Ultra HD experience to consumers, announced today that video rental visionary Mitch Lowe has joined NanoTech and will head up the Content Advisory Board. Lowe will help with advancing NanoTech's major studio relationships as NanoTech expands its 4K Ultra HD business.
Lowe's career in the video business started in the 1980's with Video Droid, an early movie rental machine that he then sold to a Japanese ATM company. He then opened a successful chain of video rental stores, further increasing his knowledge about the video rental customer experience. Leveraging that experience, he created a business that built websites for video rental stores.
In 1997, while exhibiting at a tradeshow, Lowe met with Marc Randolph. Reed Hastings and Marc Randolph, along with Mitch as the video rental domain expert, created what would become the world's premiere video service, Netflix(R). After serving as Vice President of Business Development & Strategic Alliances for Netflix to 2003, Lowe was recruited by McDonalds(R) to work on a video-rental service that eventually became Redbox(R). Lowe served as Chief Operating Officer and President of Redbox until October 2011. Most recently, Lowe has been providing consulting advice for entrepreneurs and startups.
Lowe stated, "I am very excited about joining NanoTech and helping them define the next generation of video on demand with their 4K Ultra HD initiative. Having seen their successful debut of the Nuvola NP-1 at CES earlier this month, I think NanoTech is uniquely positioned to deliver The Future of Television."
"We are honored to have Mitch join our team," said Jeff Foley, CEO of NanoTech Entertainment. "His amazing career in the video business, and his many successful paradigm shifting ideas, have helped to define how video on demand in consumed today."
