Lightspeed Audio Labs Appoints Music Industry Veteran Lisa Weiss as Newest Member to Board of Directors
Tinton Falls, NJ (January 3, 2007) – Lightspeed Audio Labs Inc., a developer of real-time, Web-based music collaboration technology, has appointed Lisa Weiss, a music industry veteran, to the company's Board of Directors. Ms. Weiss joins board members Mark Malek, co-founder of Lightspeed Audio Labs and Ramana Jampala, a partner with SAS Investors which led the initial funding round. Ms. Weiss will provide strategic guidance as the company launches its technology platform and services for musical enthusiasts to create and listen to digital-quality audio over the Internet in real time.
A partner of the Morrison & Foerster law firm, Ms. Weiss is a member of the Corporate Group based in New York City. Before joining Morrison & Foerster, Ms. Weiss served as Senior Vice President, General Counsel and Secretary of Sony BMG Music Entertainment. Prior to the merger of Sony Music and BMG, she was Senior Vice President, General Counsel and Secretary of Sony Music, and was instrumental in structuring the deal that established Sony BMG as the world's second largest recorded music company. At Morrison & Foerster, her practice focuses on mergers and acquisitions, joint ventures, strategic alliances, distribution and licensing transactions and private equity transactions, with a specific emphasis on the entertainment industry.
"We are very pleased to have Lisa join our Board of Directors," stated Mr. Malek. "She's a well-respected veteran in the music and entertainment industries as well as in digital media. Her vast experience will help us navigate the new paradigm of real-time audio collaboration over the Internet in which our technology platform will play a key role."
Ms. Weiss has handled large media and entertainment transactions for two decades, including Sony Corporation's acquisition of CBS Records in 1988. In addition to her work in the music and music publishing industries, Ms. Weiss has worked on transactions involving film, cable television, children's television and video programming, advertising, magazine, newswire, radio, digital music distribution, direct marketing, wireless paging, Internet and other entertainment, media and technology businesses.
"Lightspeed Audio Labs represents the new breed of Web 2.0 companies that are changing how music is created and listened to over the Internet," explained Ms. Weiss. "I look forward to working with the team and offering insight to help them create a richer Internet music experience."
Lightspeed Audio Labs is built on the idea of creative collaboration where music, the Internet and social networking converge to allow musicians and enthusiasts to create audio content online in real time. Leveraging its low-latency, value-added network and proprietary audio CODEC technology, amateur and professional musicians can meet, collaborate and create music online, and leverage the platform to share it with others ñ recorded or live.
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Based in Tinton Falls, NJ, Lightspeed Audio Labs represents the new wave of Web 2.0 technology that combines community, content, collaboration and commerce, offering unique value to artists, fans and sponsors. Its patented technology platform provides a virtual studio and venue for musicians, jammers and fans alike to participate in the music-making process, where unique musical content is shared with others in real time. With Lightspeed Audio Labs, it's live, in real time, all the time! For more information, visit www.lightspeedaudiolabs.com. |
