VINCO VENTURES INC - BBIG STOCK NEWS

Vinco Ventures (NASDAQ: BBIG) announced an exclusive NFT album collaboration with superstar Tory Lanez, set to release on Emmersive Entertainment's platform. This project emphasizes Tory's innovative approach in the NFT space, integrating original songs with unique artwork. Tory, an early equity holder in Emmersive, sees NFTs as a future of digital distribution. Emmersive's team, with expertise in virtual and augmented reality, aims to market the NFT effectively to millions of users through Vinco's platforms, enhancing visibility and potential sales.

Vinco Ventures, Inc. (NASDAQ: BBIG), in partnership with ZASH Global Media, announced a new fan-driven talent competition titled "You've Been Scouted," aimed at discovering music performers on the Lomotif platform. Launching on June 25 and running until July 30, the competition allows users to vote daily for their favorite artists, with the winner receiving a $250,000 record label deal and an album produced by Grammy-winning producer Teddy Riley. Lomotif continues to expand its global footprint, having amassed over 225 million installations and 300 million monthly video views.

Vinco Ventures, Inc. (BBIG) announced that its subsidiary, Emmersive Entertainment, has successfully pre-sold its first package of three exclusive Emmersive NFTs for $2 million to a private investor. The NFT package is anticipated to generate additional revenue through a future digital art auction. Emmersive aims to redefine the digital art landscape with augmented reality experiences, enhancing the intersection of entertainment and technology. The collection's first artist has been filmed, with completion expected in 45-60 days.

Vinco Ventures, Inc. (BBIG) has launched its subsidiary EVNT Platform, LLC, aiming to innovate the NFT market with full-scale, 3D NFTs, termed E-NFTs. This platform, backed by celebrities like Flo Rida, plans to leverage proprietary technology to create unique digital experiences. E-NFTs are set to launch this summer, allowing collectors access to exclusive digital events. The company also intends to utilize its technology for corporate brand marketing. The launch aligns with Vinco's broader growth strategy, anticipating E-NFT sales within 90 days.

Vinco Ventures (NASDAQ:BBIG) announced a 26.01% revenue increase for the year ended December 31, 2020, totaling $15.8 million, up from $12.5 million in 2019. However, gross profit fell by 12.28% to $4.37 million, reflecting a decrease in gross margin from 39.85% to 27.74%. The net loss reduced to $5.07 million or ($0.37) per share compared to $14.19 million in 2019. The company is moving forward with a merger with ZASH Global Media and aims to capitalize on digital media opportunities.

Vinco Ventures, Inc. (BBIG) announced it will file its Form 10-K for the fiscal year ended December 31, 2020, by April 9, 2021, and will host a conference call on April 12, 2021, to discuss its financial results. Additionally, Vinco has extended the closing period for its merger with ZASH Global Media and Entertainment Corporation until May 28, 2021. This extension allows for the completion of definitive agreement formalities and an audit of Lomotif Private Limited, which ZASH plans to acquire concurrently.

Vinco Ventures (NASDAQ:BBIG) has entered into a definitive agreement with ZASH Global Media to acquire a majority interest in Lomotif, a rapidly growing social video-sharing platform. This acquisition positions Lomotif as a key player competing against major platforms like TikTok. Since its inception, Lomotif has amassed over 225 million installations and generated 10 billion clips leading to 740+ million videos created. The merger is anticipated to enhance Lomotif's presence in the U.S. market and leverage advertising and monetization strategies.

Vinco Ventures (NASDAQ: BBIG) has announced a partnership with ZASH Global Media and Entertainment to enhance its entertainment ecosystem. They signed a binding letter of intent with Ficto, a social video platform, to merge social media with streaming services, enabling user engagement and customized advertising. This collaboration aims to boost content distribution, spotlighting the upcoming launch of the Emmy-winning show Everyday Edisons, which will also target international markets. The partnership is expected to enhance monetization opportunities through influencer networks and direct content distribution.

Vinco Ventures (BBIG) has formed a strategic partnership with Ficto, a social video platform, through ZASH Global Media. This collaboration aims to integrate traditional streaming with interactive social media features, enhancing global content distribution and user engagement. The partnership will promote everyday shows like Everyday Edisons while targeting monetization via brand collaborations. This move is expected to elevate ZASH’s media ecosystem, allowing for real-time engagement and innovative advertising solutions, solidifying their position in the rapidly evolving entertainment industry.