TORONTO — Firstlight Media, a provider of modular OTT platforms to streaming service operators, announced today it has hired Tim Alavathil (pictured) as its new chief financial officer.
In his new role at Firstlight Media, Alavathil will be responsible for creating financial efficiencies and maintaining fiscal disciplines that will support the company’s growth and success as a provider of artificial intelligence-powered entertainment platforms that deliver true engagement, says the news release.
Alavathil joins Firstlight Media from Plainview, N.Y-based Endeavor Streaming, where he served as CFO for the company’s global streaming operations. During progressive stints with JumpTV, NeuLion and Endeavor Streaming, Alavathil established a reputation as a versatile builder who could take streaming companies through every stage of their evolution, says the release.
With JumpTV, a Toronto-based pioneering Internet television company, he was instrumental in a CDN$60-million IPO and a CDN$117-million secondary offering as well as the company’s sale to NeuLion in 2008, says the release. Following the acquisition, Alavathil eventually moved up to CFO. He was actively involved in growth strategies — including the US$60-million acquisition of DivX in 2015 — and was responsible for forecasting and business modelling prior to NeuLion’s sale to Endeavor in 2018.
“As we build world-class technology platforms and open doors to new opportunities for the streaming industry, financial strategies that are aligned with the unique needs of the OTT industry will be essential to success,” said Andre Christensen, CEO of Firstlight Media, in the news release. “Tim Alavathil’s global experience, his expertise within the streaming industry and his proven ability to develop and execute accelerate growth will be invaluable as we expand our customer footprint, increase revenues and reach key decisioning points that require strong financial guidance.”
