paidContent - Industry Moves: Dailymotion Taps Cedric Tournay As New CEO
This story was written by David Kaplan.
The search for a new CEO for also-ran online video site Dailymotion has ended, as Cdric Tournay (pictured) has agreed to take the reins of the Paris-based site, the company said in an e-mailed announcement. Tournay is the former CEO of European health portal Doctissimo.
He replaces the company’s interim head, Ian Brotherston, who in turn stepped in for Mark Zaleski in April. Zaleski was moved over to the role of non-executive chairman and was charged with heading up international operations. With Tournay’s at the helm, Brotherston, a former BT (NYSE: BT) and AOL (NYSE: TWX) exec, will now manage Dailymotions EVP International Strategy. Dailymotion has raised a big $34 million round in late 2007, to expand into U.S., but things haven’t gone well for the site stateside, mirroring the woes of the online video industry. According to a French newsletter Stratgies, Dailymotions 2008 revenue at 12.5 million ($16.2 million)—that’s big in France, I hear—and reports have suggested it is looking to raise more money.
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By David Kaplan