Ovitz, Burkle, Wolpert to CheckOut.com

Cyberbiz Brief

Depending on who you talk to or what you read, it’s tough to figure out who, including Michael Ovitz, Ron Burkle and Richard Wolpert, is in or out at music, video and vidgame e-tailer CheckOut.com.

In a response to recent reports in other publications, Wolpert stresses he ankled his post as CEO of CheckOut.com’s daily operations in May, when Wherehouse Music completed its takeover of the e-tailing venture. Wherehouse and CheckOut announced that they would merge last year (Daily Variety, Nov. 17).

Wolpert remains on CheckOut’s board as vice chairman. Wherehouse prexy Hugh Hilton is serving as acting CEO.

Since May, Wolpert has been focusing his attention on Chance Investments, the venture capital and Internet consulting outfit the former Disney exec formed. Company has already invested in startups Broadcast Vision, EncodeThis, People Support, Audio Mill, Primelight, SalesMountain.com and AudioHighway.com.

CheckOut is seeking investors to buy out the 51% stake that Ovitz and Burkle’s Yucaipa Cos. owns.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Digital News from Variety

Loading