Ozy Media
US international media and entertainment company / From Wikipedia, the free encyclopedia
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Ozy Media (styled as OZY) was an American media and entertainment company launched in September 2013 by Carlos Watson and Samir Rao.[1][2][3][4] It was headquartered in Mountain View, California, with an additional office in New York City.
Company type | Private |
---|---|
Industry | |
Founded | September 2013; 10 years ago (2013-09) |
Founders |
|
Defunct | March 1, 2023; 13 months ago (2023-03-01) |
Fate | Shut down after multiple fraud charges |
Headquarters | , U.S. |
Website | www |
On September 27, 2021, The New York Times reported a series of scandals at Ozy involving fraud and executive misbehavior.[5] On October 1, after significant negative media attention,[2][6] Ozy's board of directors announced that the company would cease operations.[7] On October 4, Watson announced that the company would remain in operation with a significantly reduced board of directors.[8][9][10][11][12] The Department of Justice and the Securities and Exchange Commission opened investigations into the company.[13] On February 23, 2023, The Wall Street Journal reported that three executives, including both founders, had been charged with fraud.[14]
Ozy announced on March 1, 2023, that it would cease operations. Its website went offline the same day.[15]