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Music ly, TikTok, Triller and MoviePass Innovators Unite to Create Digital Media Disruption
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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
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ZASH Global Media and Entertainment Corporation, a U.S. based entertainment, content and distribution company, announced on Thursday that Nasdaq listed Vinco Ventures, Inc. agreed to complete a merger, which according to Zash, will create the “acceleration and growth in live-streaming content, video-sharing, distribution and production within its own ecosystem.”
Zash aims “to invest, acquire and merge the best-in-class media, entertainment and content-focused technology companies globally,” according to a news release, which added the ultimate goal is “to build a ‘Virtual Hollywood,’” which the company argues is “the future of media.”
“What we’re doing here is we’ve started with the technology side and really focused on the eyeballs first because we knew the content would come and now we’re marrying the two,” Farnsworth told host Maria Bartiromo of the merger.
Vinco Ventures skyrockets over 300% after inking merger deal with Zash wdaniel@businessinsider.com (Will Daniel)
Vinco Ventures stock skyrocketed over 300% on Thursday amid news of a merger with Zash.
Zash is a digital media company focused on creating a virtual Hollywood for influencers and content creators.
Trading volume for Vinco Ventures jumped to a record 59.9 million on Thursday.
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Vinco Ventures, formerly known as Xspand Products Lab, is a mergers and acquisitions company that focuses on the digital media and e-commerce space.
It is now set to merge with Zash, a media, entertainment, and content-focused technology company led by co-founders Ted Farnsworth, Jaeson Ma, and Vincent Butta. Zash aims to build a virtual Hollywood with its proprietary platform where it can help influencers and content creators expand their brands.
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