WatchMojo Founder and CEO Nominated for Ernst & Young’s Media Entrepreneur Of The Year Award

Montreal-based WatchMojo emerges as leader in online video; CEO is nominated for Entrepreneur Of The Year Award in media category.

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WatchMojo

WatchMojo

We launched WatchMojo to create Montreal’s next great entertainment export, following in the footsteps of Just for Laughs and Cirque Du Soleil. That takes time. This nomination is a testament to the team's creativity and execution.

Montreal, Quebec, Canada (PRWEB) July 06, 2012

Ernst & Young, a global leader in professional services, announced the finalists in this year’s Entrepreneur Of The Year Award in Quebec, and included in the list was Montreal-based Ashkan Karbasfrooshan in the Media category. Ernst & Young’s Entrepreneur Of The Year is the world's most prestigious business award for entrepreneurs; it recognizes them through regional, national, and global awards programs in 125 cities across 40 countries. Winners from Quebec will be announced at a banquet on October 25, and the overall winner will represent the province at the Canadian gala in Toronto on January 16, 2013.

"It's important to highlight all the potential our entrepreneurs harness and share with our markets and communities," explains Francois Dufresne, partner at Ernst & Young and Québec Director of Entrepreneur of the Year. "Rewarding successful entrepreneurs means recognizing not only their contribution to the economy, but the well-being of our society as well."

"We need entrepreneurial role models," continues Dufresne, "that's why it's essential that we highlight their success, and reward them. Paying tribute to entrepreneurs shows them that society appreciates their achievements. What's more, successful entrepreneurs can inspire young Quebeckers and encourage them to go into business. Shining the spotlight on entrepreneurs is one way we can help do that — but in and of itself, it's not enough. Helping entrepreneurs get the support they need is critical to their success and the viability of a true entrepreneurial culture".

The Entrepreneur Of The Year Award celebrates the contribution and spirit of entrepreneurs everywhere. The Canadian program is in its nineteenth year of honoring the country's most impressive entrepreneurs from all areas of business. Award finalists are chosen based on their vision, leadership, financial success and social responsibility.

Last year’s Canadian winner was Dani Reiss of Canada Goose, with Linkedin’s Reid Hoffman and Jeff Weiner taking the top prize globally. Cirque du Soleil’s Guy Laliberte won the Quebec, Canada and global prize in 2007, twenty-three years after launching his company.

Karbasfrooshan founded WatchMojo in 2006, after News Corp. acquired his last company, AskMen the previous year. Before that, Karbasfrooshan started his career in online media in 2000 by joining search pioneer Mamma, whose CEO Herman Tumurcuoglu was a runner-up in the competition that year. In 1999, he was a finalist for class valedictorian as an undergraduate in commerce (finance) at Concordia’s John Molson School of Business.

WatchMojo’s business model consists of deficit-financing the production of short-form informative and entertaining videos on the people, places and trends that have shaped the world, and then distributing these clips under licensing and syndication agreements on multiple platforms.

“When we launched WatchMojo, we envisioned leveraging the Internet to create Montreal’s next great entertainment export, following in the footsteps of Just for Laughs and Cirque Du Soleil. The Web has given us the opportunity to build a global brand – That takes time, but we’re on our way, and Ernst & Young’s nomination is a testament to the hard work, vision, execution and talent of our team,” expressed Karbasfrooshan

New York-based Digiday picked WatchMojo as one of three finalists, alongside CBS and HBO, in the Best Entertainment category at the Digiday Video Awards, and Toronto’s Marketing Magazine named WatchMojo one of Canada’s Digital Media Companies to Watch in its September 2011 issue.

WatchMojo’s pop culture and infotainment videos have grown ubiquitous, with distribution on portals such as Yahoo!, MSN, AOL and Sympatico; as well as leading video aggregators YouTube and Hulu. In aggregate, WatchMojo reaches 75 million global consumers online, in mobile, via connected devices, on out-of-home networks and in academia, where educational publishers license the company’s content to instruct students on a wide assortment on topics.

WatchMojo bootstrapped its way to profitability, growing revenues by 75 percent in each of the past three years.

About WatchMojo

WatchMojo informs and entertains through video by covering the people, places and trends that audiences care about. The company’s short-form programming answers questions on Who, What, Where, When and Why across thousands of topics in Automotive, Business, Comedy, Education, Fashion, Film, Food, Health & Fitness, History, How To, Lifestyle, Music, Politics, Science, Space, Sports, Urban Living, Technology, Travel and Video Games.

By providing videos to the world’s largest media companies and academic organizations, WatchMojo is a leading producer of professionally-produced, premium, brand-safe, evergreen, videos. The company’s catalog of seven thousand videos has generated 900 million video views online and billions more in out-of-home digital networks.

Digiday picked WatchMojo as one of three finalists, alongside CBS and HBO, in the Best Entertainment category at the Digiday Video Awards. Marketing Magazine named WatchMojo one of Canada’s Digital Media Companies to Watch in its September 2011 issue.

Learn more on http://www.WatchMojo.com

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