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TMCNet:  Hollywood Embraces the Cloud as CAA, Sony Music and Netflix Choose Box

[March 10, 2014]

Hollywood Embraces the Cloud as CAA, Sony Music and Netflix Choose Box

LOS ALTOS, Calif. --(Business Wire)--

Box (News - Alert) today announced major momentum in the media and entertainment space, with customers Creative Artists Agency (CAA), Sony Music, Netflix, Scripps Networks Interactive and FOX Telecolombia S.A. With sales more than doubling in this vertical year-over-year, the company also announced that it is working with Ashton Kutcher and Guy Oseary's A-Grade Investments to deepen expertise in the industry.

"As Hollywood continues to shift to a more digital world, we're excited to be working with a growing group of media and entertainment businesses on the forefront of this trend, helping them to drive collaboration, creativity and agility," said Aaron Levie, CEO at Box. "With their industry knowledge and keen sense of the transformative power of technology, Ashton Kutcher and Guy Oseary will help us continue to enable change in this industry."

"More and more businesses are moving to the cloud to reduce the barriers to collaboration and it's clear that this trend is not slowing down - especially in Hollywood," said Guy Oseary. "We've been impressed with Box's leadership team, product roadmap and the traction they've had in the media and entertainment industry, and we're excitedto play a role in their continued growth."

A-Grade Investments is a venture capital firm that has invested in numerous technology companies such as Airbnb, Uber and Spotify (News - Alert). The firm made an investment in Box as part of the company's latest round.

The collaboration and information management needs in the media and entertainment industry are diverse. For example, CAA uses Box to access information on mobile devices, Netflix powers secure content collaboration across a distributed workforce, Sony Music distributes press assets for some of its largest artists, and Scripps Networks Interactive shares production assets, marketing collateral and trailers. Major film studios, record labels, gaming companies and networks, including Discovery Communications, Electronic Arts, FOX Telecolombia S.A. and NBC Sports also rely on Box to be more competitive, creative and agile.

To learn more about Box for media and entertainment, please visit www.box.com/entertainmentkit.

About Box

Box's mission is to make businesses of all sizes more productive, competitive, and powerful by connecting people and their most important information. Content on Box can be securely shared and easily accessed on the web, through iOS, Android (News - Alert) and Windows Phone applications, and extended to partner applications, such as Google Apps, NetSuite and Salesforce. Headquartered in Los Altos, CA (News - Alert), Box is privately held and backed by Andreessen Horowitz, Bessemer Venture Partners, Draper Fisher Jurvetson, Emergence Capital Partners, General Atlantic, Meritech Capital Partners, NEA, Scale Venture Partners, and U.S. Venture Partners, as well as by strategic investors salesforce.com, SAP (News - Alert) Ventures and Intel Ventures. To learn more about Box, visit www.box.com.


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