Studio71 Names New COO

The global media company and content studio Studio71, a Red Arrow Studios company, has promoted Adam Boorstin to chief operating officer, with immediate effect.

Continuing to report to Studio71’s global CEO, Reza Izad, Boorstin will oversee day-to-day operations and lead Studio71’s growth strategy. Boorstin was previously chief business officer, where he ran a number of business development initiatives, including Studio71’s acquisition in 2019 of over 50 OTT apps, giving Studio71 a combined network of more than 200 owned-and-operated TV apps.

Prior to Studio71, Boorstin spent three years as head of partnerships at BuzzFeed Motion Pictures, striking deals to diversify BuzzFeed’s revenue streams across new mediums. In 2015, Boorstin was hired at Studio71 as executive VP of distribution, where he led a team that forged 30-plus distribution deals to monetize content from Studio71 talent on mainstream platforms such as Amazon Prime, Roku and Apple TV.

Last year, Boorstin partnered with Studio71’s scripted and unscripted teams, negotiating 10-plus deals to produce commissioned original series, including Adulting with Emma Chamberlain, financed by Snapchat, and The Real Bros of Simi Valley starring Jimmy Tatro, financed by Facebook Watch, which premieres its third season on February 14. He also started Studio71’s podcast business, which in just over a year has grown to 70-plus shows that generate over 18 million monthly streams.

“Adam has done an incredible job creating and leading our high growth business segments,” said Izad. “As Studio71 accelerates its global growth in 2020, promoting Adam to this new leadership role enables us to harness his unique ability to work alongside talent, sales, production and distribution teams to diversify our revenue streams and unlock synergies across the entire company.”