Lorne Abony

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Lorne Abony is the Chief Executive Officer and Chairman of the Board of Fluid Media Networks(“Fluid”). Prior to Fluid Media Networks, Lorne Abony was the founder and Chief Executive Officer of Fun Technologies (“Fun”). Founded in 2001, Fun grew to become the world's largest online casual games and fantasy sports provider with over 35 million registered games customers and over 600,000 registered fantasy sports players. FUN was a publicly traded company listed on both the London and Toronto Stock Exchange (“TSX”). Fun employed over 400 people in 7 offices worldwide.

When Fun was listed on the TSX, Lorne Abony was the youngest CEO of any company listed on the TSX^[1]. Fun was one of the fastest growing companies in the history of the Toronto Stock Exchange. In less than three years the company raised over $160 million in five rounds^[2] of equity financings, including its IPO. Lorne Abony also led FUN in completing eight strategic acquisitions for a total consideration of $128 million.

In March 2006, media and cable giant Liberty Media paid US$196 million for a 51 percent controlling interest in FUN Technologies (the “Liberty Transaction”). Liberty purchased the remaining 49% of Fun in December 2007. Lorne Abony remained as the Fun CEO through December 2007. The Liberty Transaction valued FUN at $484 million^[3].

Prior to founding FUN, Lorne Abony was the co-founder and former President of “Petopia.com”. Petopia was an online pet food and supply destination that raised significant funds from Silicon Valley venture capital firms and in 2000 was sold to Petco, the world’s largest pet products retailer.

Lorne Abony practiced corporate and securities law at a large Toronto law firm. He holds an M.B.A. from Columbia Business School, an LL.B/J.D. from the International Law Center at the University of Windsor and a B.A. with distinction from McGill University. Lorne Abony is an Ambassador for the Province of New Brunswick^[4]. Lorne Abony was until recently a member of the Board of Trustees of the Fraser Institute, a prominent Canadian think tank. Lorne is a recipient of Canada's Top 40 Under 40 Award^[5].