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ZASH to acquire TikTok rival Lomotif
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TikTok And Kuaishou Rival, Lomotif, Sells To Zash
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Ex-MoviePass Chair Farnsworth to Buy Lomotif | Hollywood Reporter
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The former chairman of MoviePass is returning to the entertainment business with a new media and entertainment venture, Zash.
Zash was cofounded by Ted Farnsworth, who ran MoviePass parent company, and two investors who have ties to Triller and TikTok.
MoviePass let subscribers see a movie per day in theaters for $10 per month and burned hundreds of millions of dollars before going bankrupt.
2 months ago
Vinco Ventures, Inc. Executes Agreement to Complete a Plan of Merger with ZASH
BETHLEHEM, Pa.–(BUSINESS WIRE)–Vinco Ventures, Inc. (NASDAQ: BBIG) and ZASH Global Media and Entertainment Corporation, a U.S. based entertainment, content and distribution company, today announced the signing of an Agreement to Complete a Plan of Merger subject to certain conditions, creating exciting acceleration and growth in live-streaming content, video-sharing, distribution and production within its own ecosystem.
ZASH, led by media disruptor and financier Ted Farnsworth, Musical.ly TikTok and Triller innovator, User Generated Content (UGC) expert Jaeson Ma, and social monetization expert Vincent Butta, brings together three of the most successful and disruptive leaders in the entertainment industry today. At the forefront of today’s digital wave, the Company aims to invest, acquire and merge the best-in-class media, entertainment and content-focu