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Former MoviePass chairman's next big bet: a TikTok rival from Singapore

Former MoviePass chairman s next big bet: a TikTok rival from Singapore
Ryan Faughnder
© (Zash)
Ted Farnsworth of Zash (Zash)
The former chairman of defunct cinema subscription app MoviePass, Ted Farnsworth, is back with a new company. But instead of disrupting the movie theater industry with cheap monthly fees, he s trying to take on TikTok and Triller in the fast-growing mobile video space.
His firm, Zash Global Media and Entertainment Corp., on Tuesday said it has taken control of Lomotif, a Singapore-based video-sharing platform that competes with Beijing-based TikTok. Zash has acquired an 80% controlling interest in Lomotif, the company said.
Financial details were not disclosed. ....

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Former MoviePass chair Farnsworth buys TikTok rival Lomotif

MoviePass' parent company went bankrupt in 2020. Its former leader has a new company that's trying to compete with TikTok. ....

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Former MoviePass chairman's next big bet: a TikTok rival from Singapore

Former MoviePass chairman's next big bet: a TikTok rival from Singapore
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