Mark Boidman

Mark Boidman is an investment banker and attorney at law in the media and entertainment sector specialized in mergers and acquisitions. Digital media industry executives and professional publications have recognized him as a leading investment banker in the media and tech sectors. His book, Times Square Everywhere, is a "thought-provoking primer on the out of home media and in-store media worlds". His advertising and marketing services-based clients have included Outfront Media (f/k/a CBS Outdoor) in connection with its acquisition of Van Wagner's billboard assets, as well as AMI Entertainment, Broadsign International, Cieslok Media, Clear Channel Outdoor, Exterion Media, Fairway Media, Gas Station TV, JCDecaux, Mood Media, Netflix, PatientPoint, RMG Networks, Titan (n/k/a Intersection), Total Outdoor, Van Wagner and Vector Media. The acquisition by CBS Outdoor Americas of Van Wagner Communications’ major market advertising business resulted in CBS Outdoor acquiring approximately 1,100 large format billboard displays in a total of 11 US markets.[1] His other clients have included Apollo, Acon Investments, Ares Management, Clairvest, Cox Enterprises, DirecTV, Discovery Communications, Disney, General Atlantic, GI Partners, H.I.G. Capital, KKR, Liberty Media, Lionsgate Entertainment, Mediacom Communications (special committee,) Platinum Equity, Providence Equity, RevZilla, Scripps Networks, Searchlight Capital, and TiVo.[2]

Mark Boidman
Personal details
Born (1975-12-27) December 27, 1975
Montreal, Quebec, Canada
ResidenceNew York, New York United States
OccupationJanuary 2014 – Managing Director at PJ SOLOMON

Director at Digital Signage Federation Member of the Advisory Board at Gimbal, Inc.

Member of New York State Bar and Massachusetts State Bar

Boidman received joint LL.B and Bachelor of Civil Law degrees from the Faculty of Law at McGill University (2000). During his final year at McGill University, he clerked for the Superior Court of Quebec. Before law school, he studied business at McGill's Faculty of Management. He was a recipient of the J.W. McConnell Scholarship.

Background

In 2000, Boidman joined Paul, Weiss, Rifkind, Wharton & Garrison a law firm in New York City, where he practiced law in the Internet, Media, and Technology Mergers and Acquisitions Group. He also served on the law firm's public matters and hiring committees and was elected to its associates committee. He represented private equity firm General Atlantic in several transactions, including SSA Global Technologies, Patni Computer Systems, Schaller Anderson, and Tickets.com (PIPE transaction.) He also represented Warner Music Group in its sale of Warner Bros. Publications to Alfred Publishing.

From 2004 to 2013, Boidman joined Barclays Capital (originally Lehman Brothers) in the investment banking division in New York City. During his stint at Barclays Capital, he executed more than $40 billion in transactions.[3]

He was head of the firm's Out-of-Home Advertising (DOOH), TV broadcasting and radio coverage and was a senior member of the firm's Defense/Activism team. At Lehman Brothers, he was an associate and then vice president in the Global Mergers and Acquisitions Group and a member of its Global Advisory Committee. During this period, he was an advisor to Lionsgate for the acquisition of Summit Entertainment; to Van Wagner for the acquisition of Fuel Outdoor; to TicketMonster for sale to Living Social,[4] and Discovery Communications for acquisitions of HowStuffWorks and Convex Group.

In 2007, Boidman (under the pseudonym Steve Smith) and Jon Ziefert, both testicular cancer survivors, launched the e-commerce site "AntiOX In-A-Box."

On Nov. 9, 2012, Boidman started the process for RMG Networks to become a public company. According to a Second Amended and Restated Offer To Purchase For Cash SEC document:

"On November 9, 2012, Mark Boidman of Barclays Capital, Inc., RMG’s investment banker, introduced an associate of Donald R. Wilson, Jr., the beneficial owner of DOOH, to Garry McGuire, Chief Executive Officer of RMG, via teleconference. Mr. Wilson had made previous investments in the digital-out-of-home advertising industry, and Mr. Wilson’s associates had previously been introduced to Mr. Boidman as an investment banker in the sector."[5]

Boidman left Barclays Capital early 2013.[6]

A managing director at PJ SOLOMON (formerly Peter J. Solomon Company), in the Technology and Media Advisory Practice, Boidman is responsible for the firm's digital media, marketing services, mobile, and out-of-home media practices. Additionally, he served on the board of directors of the Digital Signage Federation, a not-for-profit organization dedicated to the advancement of the Digital Signage industry. He is a frequent speaker at industry events. He has been recognized for having contributed to the advancement of professional education in the digital signage, digital out-of-home and interactive technology industries.[7]

He is a member of the New York and Massachusetts State Bars.

Recent events

In May 2013, Boidman joined New York investment bank PJ SOLOMON as Director in the Media, Entertainment, Communications and Technology Advisory Practice.[8] At the time of the announcement, then president Kenneth T. Berliner stated: "Mark will deepen our presence in the media sector with his expertise in out-of-home advertising, TV broadcasting, and radio coverage."[9]

He is a senior manager for the firm's digital and mixed media, and out-of-home media practices; including covering companies in the advertising sector, such as digital signage and digital out-of-home. He became managing director in March 2014.

Early 2014, PJSC announced that Boidman would be a keynote speaker at the Digital Signage Expo DSE2014 in Las Vegas, Nevada. His keynote "How out-of-home advertising is facilitating the shift from e-commerce to m-commerce" explored how "With the convergence of media and retail with technology, DOOH advertisements are becoming the point-of-sale and the new shop window;" highlighting the importance of content, in advertising, as a vehicle to engage an audience.[10]

Additionally Boidman was elected to the board of directors of Digital Signage Federation.[11]

In November 2014, it was announced that Boidman would appear at the 2015 International Consumer Electronics Show (CES.) He presented on emerging Digital Out-of-Home technologies, and discussed the relationship between digital media, technology, and valuing content, alongside Michael LaSalle from Shamrock Capital and Allison Goldberg from Time Warner Investments.[12]

In February 2015, Boidman was appointed Member of the Advisory Board at Gimbal, Inc. a geofencing and digital beacon technology company developed as a part of Qualcomm Labs and spun off in May 2014.[13] In June 2015, Boidman was recognized as a 2015 40 Under Forty honoree by the National Association of Certified Valuators and Analysts (NACVA) and the Consultants' Training Institute (CTI).[14] In December 2015, Boidman was awarded Deal Maker of the Year USA / Media and Communications by Business Worldwide Magazine.[15]

In November 2015, he was named Investment Banking MD of the Year as part of Corporate Vision's 2015 Executive Awards.[16]

Personal life

A cancer survivor, he co-founded (under the pseudonym Steve Smith) "AntiOX In-A-Box" in 2007. The e-commerce company is dedicated to promoting antioxidant snacks, products, and healthy habits for cancer patients. Part of the annual profits are donated to universities researching the health effects of antioxidants.[17]

He is divorced from Andrea Boidman, former executive director of the Hearing Health Foundation,[18] and current executive director of the Osteo Science Foundation, a not-for-profit organization dedicated to advancing hard and soft tissue regeneration in the area of oral, cranial, and maxillofacial surgery through high-quality basic and clinical research.

Work

In an interview, September 2013, Boidman expressed his views regarding the intersection between DOOH and other sectors like healthcare, radio and TV, transit, cinema and retail:

"There’s been a lot of talk about consolidation, but I really think that we are at the point where 2014 will see it happen,"
"In 2014, we see synergies in putting together companies in various sectors: in transit, in healthcare, and in entertainment – which includes restaurants and theaters, too. Consolidation opens the door to different types of advertisers for many companies that are currently too small to attract them. It increases the number of eyeballs, and more eyeballs interest advertisers."[19]

His article "Out-of-Home Media as the Gateway to Mobile Commerce and Retargeting" was published in February 2014 in the Journal of Retail Analytics,[20] a quarterly publication by Platt Retail Institute, LLC. an international consulting and research firm that focuses on the use of technology to impact the customer experience. In this article, he addresses the role of new technology in delivering more capable and cost-effective DOOH media platforms to bridge the digital/mobile commerce gap. An example of these platforms is the public transportation network with digital signage included in taxis, public transit buses, and trains, where innovations in the application of DOOH emerge as transit authorities advance their usage.[21]

In May 2015, Boidman was one of seven featured speakers at the 2015 OAAA-TAB National Convention + Expo in San Diego, alongside the author, Malcolm Gladwell. Boidman made specific recommendations to the attendees, including using technology to demonstrate ROI of OOH advertising, and creating an open structure data management platform that would involve using data to target audiences.[22]

In July 2015, the City of New York announced an initiative to bring free, high-speed broadband service to more than 16,000 New Yorkers living in five public housing developments in Queens, Brooklyn, and the Bronx.[23] Smart city initiatives could represent a $1.5 trillion opportunity for the decade preceding 2015 for software and hardware companies, according to Boidman.

"Cisco and IBM have been focused on this space for a while, but they haven’t wanted to talk about it. Now they want to talk about it, and a lot of that has to do with Smart Cities," said Boidman."If you can use these solutions to help make out-of-home smarter, then more dollars should flow to digital out-of-home media." [24]

Boidman is an advocate for better practices regarding privacy-friendly real-time data and analytics in the OOH and DOOH industries.[25] His work in that field includes interviews and panels such as DSE's 2015 seminar focused on the way in which mobile is integrated into company strategies to provide a greater ROI.[26] And DSE's 2016 keynote addressing the state of the industry.[27]

Mobile and beacon technologies transform OOH media, enabling advertisers to engage consumers on the go. [28] OOH smart billboards feature beacons and other devices that help track travel patterns, behavior and other information of interest to advertisers. These billboards tap into the data on mobile phones of passersby.[29]

In Boidman's opinion, "In the world of online, they can track you with cookies, they know where you’ve been and where you’re going next. It’s almost the same thing in real life." "From a privacy standpoint, people are willing to give up information about themselves, as long as it’s aggregated and anonymous," he says. "They’re very comfortable [doing so] in order to get valuable information in return that’s going to help them. Our view is it’s the same thing online. Some people find it okay that they’re being tracked and certain targeted ads head their way." [30]

Regarding the impact that such developments as Heterogeneous System Architecture (HSA) and OpenCL, Boidman argues: "Everybody is looking for software to do more and for less money, and technologies such as HSA and OpenCL make it easier to design low-power devices and improve performance for the designer, the [designer’s OEM] customer and the user. Writing programs across platform solutions that allow people to connect seamlessly with digital signage is the future." And advocates for the use of the term intelligent visual communications rather than digital signage.[31]

References

  1. "US Firm Executes Historic Billboard Advertising Deal". Ad Club Insider. 26 November 2015. Retrieved 15 March 2016.
  2. "Building Investible Value in a DOOH Network". DSE Digital Out-of-Home Network Operators Conference. 31 October 2013. Archived from the original on 6 March 2014. Retrieved 18 January 2014.
  3. "Investors Want To See Revenue And Growth". DailyDOOH. 24 October 2012.
  4. "Event Recap: Barclays Capital M&A Overview". October 2010.
  5. "Second Amended and Restated Offer To Purchase For Cash". 11 January 2013.
  6. "The DailyDOOH Investor Conference". DailyDOOH. 13 October 2014.
  7. "DSE Distinguished and recognized faculty". June 2014. Archived from the original on 2014-07-15. Retrieved 2014-07-14.
  8. "Peter J. Solomon Company Adds Two Senior Bankers". Daily Finance. 9 May 2013.
  9. "Peter J. Solomon Company Adds Senior Bankers". BusinessWire. 9 May 2013.
  10. "Mobile and Digital Signage: How to reach the distracted consumer". DSE Digital Out-of-Home Network Operators Conference. 11 February 2014. Archived from the original on 6 March 2014. Retrieved 20 February 2014.
  11. "DSF Announces New Board Members; Sarubbi Now Chairs Org". Sixteen Nine. All Digital Signage. 6 January 2014.
  12. "Valuing and Financing Content: VCs-Private Equity". 11 November 2014. Archived from the original on 1 January 2015. Retrieved 29 December 2014.
  13. "Qualcomm's Gimbal Now a Stand-Alone Company". NBC San Diego. 29 May 2014.
  14. "Mark Boidman Named "40 Under Forty"". Digital Signage Connection. 12 June 2015.
  15. "The Deal of the Year Awards 2015". Business Worldwide Magazine. 5 September 2015.
  16. "Executive Awards 2015". Corporate Vision. 5 November 2015.
  17. "Cancer Survivors Develop Healthy Food Gift Business". 23 May 2008.
  18. "Deafness Research Foundation Appoints Executive Director". PRNewsWire. 1 July 2010.
  19. "Investment Banking Advisory". DailyDOOH. 16 September 2013.
  20. "Out-of-Home Media as the Gateway to Mobile Commerce and Retargeting". Journal of Retail Analytics. 6 February 2014. Archived from the original on 6 March 2014. Retrieved 6 March 2014.
  21. "On-vehicle digital signage is on the move". Digital Signage Today. 19 September 2014.
  22. "PJSC Managing Director Mark Boidman Featured Speaker at 2015 OAAA-TAB National Convention + Expo". Business Wire. 28 April 2015.
  23. "Mayor de Blasio Announces up to $10 Million Investment in Free Broadband Service for Five NYCHA Developments". Official Website of the City of New York. 16 July 2015. Retrieved 16 March 2016.
  24. "Bridging the Digital Divide with Street-smart Innovation". Screen Media daily. 10 December 2015. Retrieved 16 March 2016.
  25. "An Interview With Mark Boidman". DailyDOOH. 22 October 2014.
  26. "Digital Signage Expo 2015 seminar to explore mobile out-of-home strategies". Digital Signage Today. 12 December 2014.
  27. "Digital Signage Expo 2016". Digital Signage Pulse. 10 March 2016.
  28. "How mobile and beacons are enhancing the value of Out-of-Home Media for advertisers and Mobile App partners" (PDF). Whitepaper immr. August 2015. Archived from the original (PDF) on 2015-12-07. Retrieved 2016-03-19.
  29. "A media buyer's primer on beacons". medialife magazine. 30 September 2015.
  30. "The next phase of OOH: Smart billboards". Out of Home. 1 March 2016.
  31. "Wrangling Brainier (and brawnier?) Digital signage". Embedded Systems Engineering. 1 September 2015.
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