Effective immediately, Marcopoto is charged with expanding Time Inc.’s business portfolio in international markets through digital, video and TV platforms, partnerships, acquisitions, licensing and commerce.
“Since Time Inc. became a public company 18 months ago, we have focused on transforming our business and positioning our company for growth. Steve’s expertise and success in growing international operations make him an excellent choice to lead us as we aim to extend our capabilities on a global scale,” said Ripp.
Marcopoto commented: “I am delighted to be returning to Time Inc. to help drive the diversification and expansion of our best-in-class brands, content and media properties around the world. The digitally fuelled growth of the media industry internationally makes this an ideal and exciting time to extend the Time Inc. transformation globally.”
Marcopoto was previously president and managing director of Turner Broadcasting Asia-Pacific, where he oversaw all programming, original production, business and network development, advertising and distribution sales, marketing and promotion. During his tenure, he expanded the operation to significant scale, taking it from two broadcasting networks in the region to 36 channels and 13 digital services in 11 languages by the time of his departure. Prior to that, Marcopoto held various positions at Time Inc., including President, Time Inc. Asia; Publisher, Time Asia; and Managing Director, Fortune Asia.
During the past couple of months, Time Inc. has been extending the scope and adjacent activities of its brands globally. It recently announced the international expansion of the Essence Festival franchise, launching a three-year partnership with eThekwini Municipality to host the Essence Festival in Durban, South Africa. Time Inc. also announced the launch of a US bespoke edition of Wallpaper*, the design and style brand. Time Inc. UK acquired UK Cycling Events (UKCE), a leading UK provider of premium cycling events, and made a strategic investment in Snap Fashion, a visual search business specializing in fashion.
