Vinco Ventures, Inc. (NASDAQ: BBIG) and ZASH Global Media and Entertainment Corporation have announced signing of an agreement to complete a plan of merger that is subject to certain customary conditions. The plan is to grow in live-streaming content, distribution, production and video-sharing.
“The Company’s proprietary Influencer Platform had led to over 2 billion video views within a 30-day period. With a current follower network of over 350+ million, we are poised to revolutionize the next generation of video distribution,” said Brian McFadden, Chief Strategy Officer.
“ZASH was formed to not only drastically reimagine today’s global entertainment marketplace, but to combine first-class talent and resources and technology, allowing acceleration and growth in this dramatically changing environment,” said Co-Founder Ted Farnsworth, former Chairman of MoviePass and Chairman and Founder of MoviePass Films.
ZASH Co-founder innovator and expert in monetization strategies for video platforms, mobile technologies and apps, Vince Butta, said, “The landscape for distribution, content consumption and user integration of video content is ready to be reimagined on a global scale. We utilize data, meta data and the ioT [Internet of Things] to meet the ever-changing engagement and content demands of content developers, consumers and creators. We provide the consumer with very high-quality products and superior delivery. The unique monetization model for our global ecosystem of platforms really differentiates ZASH and it’s why I am so enthusiastic to be part of its leadership team.”