For those curious what Shane McMahon is doing these days, SeekingAlpha.com is reporting that he is now the Vice Chairman of YOU On Demand, the multi-platform entertainment company he founded and has been working with in China, which was referenced by Vince McMahon during his interview with Steve Austin on the first-ever live “Stone Cold Podcast” on the WWE Network.
Shane McMahon assumed the role of Vice Chairman of the Chinese-based Video On Demand (VOD) company after Xuesong Song stepped down from his position as Executive Chairman. Song will remain with the company on the board as a director.
In addition to appointing Shane McMahon as the new Vice Chairman, the company made a number of changes this week, including adding two members to its’ board. Bruno Wu, the founder and CEO of Sun Seven Stars Media Group — a company that invested ten million dollars in YOU On Demand — was elected as the new Chairman of the company.
YOU On Demand (NASDAQ: YOD) is up 1.9% after making the changes this week. For more information on the company Shane McMahon is trying to make his own name in, visit YOD.com.