Outcome Health CEO & CFO Going To Jail

July 7th, 2024

Adrian J Cotterill, Editor-in-Chief

In November 2019 Outcome Health founders Rishi Shah, Shradha Agarwal, Outcome CFO Brad Purdy and executive VP Ashik Desai were charged in federal court with a combined 26 counts of fraud for defrauding investors out of hundreds of million of dollars. Ashik Desai pleaded guilty to the charges and cooperated with the investigation whereas the others protested their innocence.

It took forever for the case to come to trial but finally in April 2023 a jury in Chicago found Outcome co-founder and former CEO Rishi Shah (shown to the right) guilty on 19 of 22 counts, fellow co-founder and former President Shradha Agarwal guilty on 15 of 17 counts and found Brad Purdy, the company’s former COO and CFO, guilty on 13 of 15 counts.

This week Rishi was sentenced to 7.5 years in prison, more than a year after he was found guilty of fraud. Before sentencing, U.S. District Judge Thomas Durkin told Shah the fraud was “not a single mistake or out-of-character impulsive moment. A lot of this I believe was driven by greed … dreams of being a big shot”.

Government prosecutors had asked Durkin to give Shah 15 years in prison, calling him “the architect” of a USD 1 billion fraud. The U.S. Probation Office had recommended eight years, according to a memo filed by Shah’s attorneys, and his attorneys had asked for home confinement.

Shah has already retained former acting U.S. Solicitor General Neal Katyal to appeal his conviction. Shah also plans to appeal his sentence.

Back in April, the jury deliberated for two days after a 10 week trial. Prosecutors said that Outcome (formerly Context Media), which operated digital tablets in doctors’ offices and waiting rooms that display health care content and advertising, lied about the number of screens, over-billed companies for ads that were never delivered and falsified revenue figures whilst raising nearly a billion dollars in loans and equity investments. Outcome Health received a USD 110 million loan in April 2016 and a USD 375 million loan in December 2016 and in 2017 raised a further USD 487 million at a USD 5 billion valuation.

CFO Purdy was sentenced to two years in jail. Shradha Agarwal was sentenced to three years in a half-way house.

See also:-

The Truth About @OutcomeHealth

Outcome Health Swallowed Up By @PatientPoint

Outcome Health Welcomed With Open Arms by @DPAAOrg

PatientPoint in Talks to Merge With Outcome Health

Fraud Trial Date Set For @OutcomeHealth Founders

New @Carvertise ‘Branded Chauffeur ‘ Program

July 7th, 2024

Adrian J Cotterill, Editor-in-Chief

Carvertise is introducing Branded Chauffeur, a new high-end transportation service that delivers clients’ VIPs to and from conferences and events in luxury wrapped vehicles showcasing their logos and marketing messages.

Carvertise CEO Mac Macleod told us “We’re taking experiential marketing at conferences and trade shows to a whole new level. Our clients’ VIPs aren’t just getting a ride – they’re getting a full sensory experience they’ll surely remember,”.

Since Carvertise’s inception, it has played a major role at some of the largest conventions, trade shows and conferences throughout the U.S., including SXSW and The Democratic National Convention, by deploying rideshare vehicles with client’s branding around the event venues.

The company is now taking this a step further by transporting clients’ VIPs and stakeholders to and from such events in branded cars, which are driven by professional drivers.

To elevate the experience, Carvertise can further customize the vehicles with a backseat car caddy featuring branded giveaways, such as bottled water and swag bags; a specially-curated Spotify playlist; and even scents customized to embody the client’s brand. For each activation, Carvertise will have client fulfillment specialists on-site to dispatch drivers and ensure a seamless experience.

Carvertise will kick off its first official Branded Chauffeur activation on behalf of Visit Tampa Bay on July 15, deploying six luxury vehicles wrapped in the destination marketing organization’s colorful branding and offering free rides to multiple events, including a partner activation at the Florida Aquarium.

Before launching the new service, Carvertise tested it with several clients, including the U.S. Virgin Islands Department of Tourism, which transported its commissioner of tourism, Joseph Bouschulte to the Sports Illustrated Swimsuit Gala in New York City in a fully-wrapped car featuring stunning beach scenes from the destination’s three islands.

In the future, Macleod says, he envisions Carvertise’s clients using the Branded Chauffeur service to transport VIPs to various events, from trade shows to concerts to sporting events. “We’re fielding a lot of inquiries,” he says. “But it’s an ideal solution for any marketer who wants to create a special moment for clients, stakeholders and VIPs to travel around an event – and do so in an immersive, memorable way.”

All Ears: Music and Sound in and Beyond Disney

July 7th, 2024

Adrian J Cotterill, Editor-in-Chief

Royal Holloway lecturer Dr Tim Summers teamed up with Dr William Ayers (University of Central Florida) to organize the first conference on theme park music and sound, titled ‘All Ears: Music and Sound in and Beyond Disney Theme Parks‘.

The conference took place June 20-21 2024 at the University of Central Florida, in Orlando, right in the heart of theme park country, and consisted of two days of talks and demonstrations about music in theme parks. Despite the longstanding importance of music and sound in theme parks, the organizers believe this is the first conference dedicated to the topic.

The conference included talks about everything from the harmonic and musical procedures of the ‘Haunted Mansion’ and “It’s a Small World” to how American musical cultures are staged and presented in theme parks, and how film music is adapted in theme parks. It also featured contributions from composers, describing the specific demands of writing for theme parks.

Royal Holloway PhD student James Ellis contributed a talk to the conference. James’s talk was about the ‘Jungle Cruise’, which you can also view here.

The keynote speaker was Ron Fish, a composer and sound designer for games and theme parks, including an extended period of work for Walt Disney Imagineering. He continues to work on a wide variety of theme park projects and shared his perspective on park music with the audience who joined the conference both in-person and virtually.

The conference was generously supported by the Roya Musical Association and UCF Themed Experience Program.

Clicks & Mortar Research Launch

July 7th, 2024

Andrew Neale

With nearly 60%* of all online purchases made when people are out and about, OOH has become a crucial channel for brands aiming to drive on-the-go purchases.

Current data however does not clearly illustrate the extent to which OOH media investment impacts retail spend. To address this, GroupM partnered with the Centre for Economics and Business Research (CEBR) to conduct an in-depth study.

This research is tailored for retail and FMCG brands and highlights the most effective ways to use OOH to boost e-commerce. The session will show that for every GBP 3 spent in store, GBP 2 is spent online.

In this exclusive Clicks and Mortar webinar they will look at how this differs for different product categories, different consumer groups, and different parts of the country. Understanding all of this will help to plan more effective OOH campaigns that will maximise sales whether that’s through clicks or in bricks and mortar stores.

It’s a live Teams Event, 9th July, between 10 and 10:30am

You can reserve your spot today here.

*The Mobile Pound Study 2021

Tom Reilly Joins @VectorMedia

July 5th, 2024

Adrian J Cotterill, Editor-in-Chief

Tom Reilly has joined Vector Media as the company’s new Executive Vice President of Local Sales. Tom comes to Vector with an impressive background, having built and scaled numerous sales teams, including an 18-year run at National CineMedia (NCM), where he built and managed a local/regional team of over 200 local sellers.

Tom is replacing Dave Daucanski, who announced his retirement last month. Dave has had a long and successful career, having played important leadership roles at Lamar, Clear Channel, Obie Media and for the last six years at Vector Media.

Marc Borzykowski, CEO of Vector Media told us “Over the past 6 years Dave has a had a significant impact on our business and he will be missed by all those whose lives he’s touched. His absence leaves large shoes to fill in our organization, but we are thrilled to have found a leader in Tom who comes to Vector with such an impressive reputation and record and we are excited to see Tom infuse his own brand of leadership into Vector”.

Founded in 1998, Vector Media is one of the US’s largest private outdoor media companies, specializing in large and small format public and private media opportunities as well as the creation of interactive brand experiences. The company’s current inventory is spread out over 55 US markets including each of the top 10 US DMAs and 28 of the top 50 US DMAs and includes over 30,000 advertising faces, comprised of municipal transit, transit shelters, billboards, wallscapes, airport shuttles, and the only coast-to-coast double-decker advertising network in North America. Vector’s rapidly growing experiential division integrates the company’s Out-of-Home assets and other capabilities through the creation of dynamic brand experiences.

Charles Beauduin Retires as @Barco co-CEO

July 5th, 2024

Andrew Neale

Charles Beauduin will retire as cBarco o-CEO and will become chairman of Barco, effective September 1 2024, with An Steegen being confirmed as (sole) CEO.

In 2021, An Steegen and Charles Beauduin assumed the role of co-CEOs at Barco. Under their leadership, the organisational structure was redesigned, with greater empowerment at business unit level for increased customer and market responsiveness.

In the Jue 25 board meeting, the board of directors accepted the resignation of Charles Beauduin as co-CEO and appointed he as new chairman of the board, taking over from Frank Donck.

Frank will continue to serve on the board of directors as an independent director. These changes will be effective September 1, 2024.

#4G / #5G Mobile Coverage on The Elizabeth Line

July 4th, 2024

Andrew Neale

High speed 4G and 5G mobile coverage is now available to customers using the Elizabeth line as they travel across central London.

Following all Elizabeth line stations getting mobile coverage earlier this year, TfL and Boldyn Networks, TfL’s partner in delivering the connectivity, have now introduced coverage within the tunnels from the Royal Oak portal to the west of Paddington to Liverpool Street station, covering approximately five miles and meaning that they can now stay connected as they travel between stations. Further tunnelled sections of the Elizabeth line towards Whitechapel will be connected in the coming weeks, and the whole line will have mobile coverage by the end of summer.

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The #Wimbledon Scoreboard Explained

July 3rd, 2024

Andrew Neale

Every year during the #Wimbledon fortnight, a post we wrote over 15 years ago about ‘The Wimbledon Scoreboard‘ crops up again and again as one of the most popular daily reads because of all the search engine traffic it attracts.

For all of those interested in the Centre Court Scoreboard here is a quick rundown…

  • In 2008 the original dot matrix scoreboards on Centre and Number One Courts were replaced by BARCO OLite 612 LED displays
  • These displays are not only used as the scoreboard (simulating the original dot matrix display if you like) but as a mechanism to relay to the crowd the Hawk-Eye replays, player profiles and a variety of statistics.
  • The BARCO OLite 612 LED display is suitable for both indoor and outdoor use, with a 12mm pixel pitch, 6,000NIT light output and 15 bit processing
  • With an outdoor IP65 rating the OLite panels can be used in all weather conditions – err, usually useful given the English climate, Ed
  • The displays were installed by Creative Technology, a company founded in London in 1986 and one of the leading suppliers of LED display technology to international sporting events
  • In 2008, The Championships featured a total of 10 displays using BARCO technology (though that number will probably have increased by now)

LG Acquires 80% Stake in #AI Biz Athom

July 3rd, 2024

Adrian J Cotterill, Editor-in-Chief

LG Electronics has acquired an 80 percent stake in Athom, an industry-leading smart home platform company based in Enschede, Netherlands. The agreement includes plans to acquire the remaining 20 percent within the next three years. This strategic move aims to enhance LG’s connectivity within open smart home ecosystems. By integrating Athom’s capabilities with LG’s Affectionate Intelligence technology, LG aspires to lead the AI-driven home innovation era.

LG plans to integrate Athom’s extensive connectivity – which links thousands of appliances, sensors and lighting devices – with the generative AI-enabled LG ThinQ platform. This integration aims to create an AI home that delivers optimal space solutions by gaining a deeper understanding of the customer. In LG’s AI home, customers will engage with generative AI, which will manage appliances and IoT devices to create a personalized environment tailored to their preferences.

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ZetaDisplay Win A-Train AB / Arlanda Express

July 2nd, 2024

Andrew Neale

ZetaDisplay has entered into a multi-year exclusive framework agreement with A-Train AB / Arlanda express for development, deployment and services.

We understand that the agreement includes switching to ZetaDisplay’s software platform for the entire screen network, upgrading of Arlanda express digital signage installations on board train sets and replacing all advertising screens at Arlanda express’s own train stations and platforms including Arlanda Station.

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