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Summary of Proceedings
EMA Board of Directors Meeting
April 29, 2010 - Santa Monica, CA
The EMA Board of Directors discussed the following agenda topics and took the indicated actions at its April 29, 2010 meeting, held in Santa Monica, California.
1.Presentations
The Board received presentations from Yuanzhe (Michael) Cai, Vice President of Research, Video Games, Interpret LLC, on 3D technology for home entertainment and from Bill Mandel, Vice President of Broadband Technology, NBC Universal, on watermarking technology for video content.
2.Conferences and Events
The Board was briefed on the Association's 2010 conferences and events, including Entertainment 2010, the Independent Product Marketplace, Digital Media Pipeline, GameSupply, and the GamePlan Summit. It was noted that the 2010 GameSupply was successful in terms of both content and revenue and the prospects for all upcoming events are strong.
3.Financial Report
The Board reviewed the Association's financial results for the first quarter of 2010, which showed an estimated $120,000 improvement versus budget. Positive variances were identified in joint venture and dues income.
4.Strategic Initiatives
The Board was updated on the development and evaluation of benefit denial technology for packaged media, the Association's digital initiatives, and supply chain activities. It also previewed the in-store public service announcements on motion picture and video game ratings that will be aired during June as part of Entertainment Ratings & Labeling Awareness Month.
5.Government Affairs
The Board discussed the U.S. Supreme Court's grant of certiorari in the Schwarzenegger v. EMA and Costco v. Omega cases. It was noted that the court is expected to hear arguments in the cases in the fall.
6.Membership
The Board voted unanimously to accept the 12 membership applications received between October 1, 2009 and March 31, 2010.
7.Bylaws Amendment
The Board unanimously approved an amendment to the Association's bylaws establishing that a quorum of the Board of Directors consists of seven Directors or 40% of the Board membership, whichever is greater.
8.Ratification of Minutes
The Board unanimously ratified the minutes of its October 20, 2009 meeting.
9.EMA Scholarship Foundation
The Board convened as the Board of Directors of the EMA Scholarship Foundation for the purpose of holding the annual meeting of the Foundation Board. The Board received a report on the scholarships awarded by the Foundation in 2009 and the four scholarships proposed to be awarded in 2010. Board voted unanimously elected the Officers of the EMA Board of Directors as the Directors of the EMA Scholarship Foundation, approve the 2010 budget for the Foundation, and make graduate students eligible for scholarships from the Foundation.
10.Other Issues
The Board received reports on recent anti-piracy developments, current government affairs activities, the Independent Dealers of Entertainment Association division, and the Association's government affairs and public relations activities in 2009.
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