Mobile Entertainment Forum (MEF) announces inaugural CEO Summit as $36bn industry matures
- Mobile entertainment industry grows into a $36bn global business in just 10 years
- Rising Smartphone and mobile app use triggers explosion in M&A activity
- MEF CEO Summit to focus on the future mobile ecosystem, growth opportunities and long term strategies
18 June 2010 – Mobile Entertainment Forum (MEF), the global trade body of the mobile media and entertainment industry, today announces the first MEF CEO Summit. The Summit will see over 60 leaders from the $36bn mobile entertainment industry converge on central London on 21st June, to discuss the opportunities brought about by rising adoption of smartphones and mobile connected devices driving mobile entertainment consumption.*
Designed to encourage open and free debate amongst the industry’s leaders, the MEF CEO Summit will host a number of leading visionaries, including Vodafone founder, Professor Mike Walker, Symbian Co-Founder David Wood, Jefferies Managing Director Technology Investment Banking Andrés Pieczanski and Global Head of Media Investment Banking Jonathan Goodwin, speaking on themes including:
- Consolidation, growth, exits, mergers & acquisitions in the mobile space
- The importance of the mobile device to the future of media delivery
- The future role of the network operator
Andrew Bud, MEF Chairman comments: “MEF was founded in 2000 to support the then nascent mobile entertainment industry. A decade later, mobile entertainment has matured into a $36bn industry with increasing levels of M&A activity as major technology groups seek to participate in this growth.
“The inaugural MEF CEO Summit, sponsored by the investment bank Jefferies and law firms Denton Wilde Sapte LLP and Sonnenschein Nath & Rosenthal LLP, will provide our senior members with a private setting in which to network with fellow industry leaders and discuss the key issues relating to growth.”
Meffys, MEF’s Annual Awards, take place following the CEO Summit at London’s Grand Connaught Rooms on June 21st, followed by MeM, MEF’s annual conference scheduled for 22nd to 23rd June at the Victoria Park Plaza Hotel in London. The Meffys honour the most influential players from around the world while MeM plays host to the industry’s visionary speakers including BBC, BSkyB, Gracenote, HBO, Nokia, Qualcomm, RIM, Sony Pictures, Spotify, Telefonica O2, Vodafone and Yahoo, and draws delegates from around the world.
Notes to editors:
*Smartphone adoption has risen from 11% in 2008 to 17% in 2009 in the US (Forrester) while mobile app revenues recorded at $10 billion in 2009 (Juniper) are estimated to rise to $17.5bn by 2012 (Getjar) and $32bn by 2015 (Juniper), helping to take mobile entertainment mainstream; one out of every seven minutes of media consumption today takes place via mobile devices (Universal McCann / AOL).
Examples: Mobile Entertainment sector M&A activity 2009 -2010:
- May 2010: SAP acquires data management, analytics, mobile messaging, and enterprise mobility leader Sybase for $5.8bn
- April 2010: Twitter acquires mobile messaging company CloudHopper
- March 2010: Amdocs acquires MX Telecom mobile messaging provider for $104m
- February 2010: Ericsson acquires mobile aggregation business from Singlepoint
- January 2010: Apple acquires mobile advertising firm Quattro Wireless for £275m
- January 2010: Gemalto acquires European leader in mobile payment and messaging Netsize
- November 2009: Google acquires mobile advertising company AdMob for $750m
- November 2009: Mobile Messenger acquires mQube mobile delivery gateway from Verisign for $19m
- May 2009: Zed acquires mobile content company Player X
About Mobile Entertainment Forum (MEF)
The Mobile Entertainment Forum is the global trade body of the mobile media and entertainment industry. It represents the leading companies throughout the entire mobile entertainment value chain, and works on behalf of its diverse membership to facilitate industry growth, shape regulation and deliver competitive advantage to its members.
With global headquarters in London and operational chapters in Asia, EMEA, LATAM and North America, MEF is a member network with a global reach, strong local representation and the ability to affect market change. Established in 2000, MEF provides a consistent and powerful voice for the foremost mobile media businesses and entrepreneurs. For further information and a full list of members please visit: www.m-e-f.org
About the MEF CEO Summit
The inaugural MEF CEO Summit brings together the CEOs or their direct delegates from over 60 industry-leading mobile media and entertainment companies, including: 24-7 Entertainment, 2ergo, 7 Digital, ADMIN Ltd, AdMob, Aspiro, Associated Northcliffe Digital, BBC, Boku, Buongiorno, Cetech, Comfone, Comscore, Denton Wilde Sapte, Distimo, Dolby, EA Mobile, Exicon, Flirtomatic, Fun Little Movies, Gracenote, Hungama Mobile, Impact Mobile, Informa, Interchan, i-Pop Networks, KPMG, Mblox, MIPPIN, Mira Networks, Mobile Interactive Group (MIG), Mobilium, MTS, Muzicall, MX Telecom Limited, National Geographic Society, Neomobile, Netbiscuits, Nokia, Omnifone, Onmobile, PlayPhone, Polar Mobile Group, Qtel, RIM (BlackBerry), Saffron Digital, SharpCards, Shazam, Silverstreet Active Media, Sony Music, Sony Pictures, Sound Horizon, Spb Software, Sybase, Tata Teleservices, Telefonica, Vringo, Wau Movil, Zed.
Jefferies, a major global securities and investment banking firm, has served companies and their investors for more than 48 years. Jefferies & Company, Inc. is the principal US operating subsidiary of Jefferies Group, Inc. (NYSE: JEF: www.jefferies.com), and Jefferies International Limited is the principal UK operating subsidiary. Jefferies International Limited, a UK-incorporated company, is authorised and regulated by the UK Financial Services Authority
About Denton Wilde Sapte LLP and Sonnenschein Nath & Rosenthal LLP
Denton Wilde Sapte LLP and Sonnenschein Nath & Rosenthal LLP will combine to form SNR Denton with effect from 30 September 2010. SNR Denton will be an international legal practice with worldwide reach and distinctive client focus. SNR Denton will have 1,400 lawyers and professionals in 18 countries and 33 locations across four continents, including the US, UK, Europe, the Middle East, Russia, South-East Asia, and a network of exclusively associated firms in Africa and the CIS