VINCO VENTURES INC - BBIG STOCK NEWS

Vinco Ventures (NASDAQ: BBIG) has partnered with Zash Global Media and Entertainment to produce the documentary Chicago: America’s Hidden War, which is now on the 2021 Oscars Eligibility list for Best Documentary Feature. The film highlights the violence in Chicago, with over 10,000 deaths linked to gun violence since 2001, surpassing U.S. military casualties in Iraq and Afghanistan combined. Dimas Salaberrios, the director, calls for national awareness and action against the issue.

Vinco Ventures, Inc. (NASDAQ: BBIG) and ZASH Global Media and Entertainment have signed a merger agreement aimed at enhancing live-streaming content and video-sharing capabilities. The merger will leverage ZASH's expertise in media and technology, led by industry innovators including Ted Farnsworth and Jaeson Ma. The combined entity plans to capitalize on growing demand for premium content and interactive platforms, enhancing their content delivery and monetization strategies. The move is positioned to significantly scale production and creative services within the rapidly evolving media landscape.

Vinco Ventures (NASDAQ: BBIG) has announced a merger agreement with ZASH Global Media and Entertainment, aimed at accelerating growth in live-streaming content and digital entertainment. This merger is led by industry leaders, including Ted Farnsworth and Jaeson Ma, and aims to create a 'Virtual Hollywood' by integrating advanced analytics and distribution technology. The merger is expected to enhance Vinco's content creation and distribution capacity, leveraging ZASH's proprietary platforms that have achieved over 2 billion video views. The combined entity focuses on the evolving demands of content consumption and engagement.

Vinco Ventures (NASDAQ: BBIG) announced significant progress in its subsidiary Honey Badger Media, LLC, focusing on influencer marketing. Within the first month, Honey Badger secured a roster of celebrity influencers, including Bam Margera and Adalia Rose, enhancing its reach to over 300 million followers. This initiative aims to drive advertiser-based revenue and is part of Vinco's broader Be B.I.G. business strategy. The company expresses optimism about Honey Badger's revenue potential and scaling capabilities, indicating its integral role in overall growth.

Vinco Ventures (NASDAQ:BBIG) has signed a new agreement with OPTEC International (OTC PINK:OPTI) for the production and distribution of health and wellness products via live shopping and digital commerce. This collaboration leverages Vinco's Markets on Main platform, enabling distribution of OPTEC's iWand UV-C LED sterilizing wand and Hydroxyl Portable Air Sterilizer. The partnership aims to enhance product visibility, supported by celebrity brand ambassador Dr. Drew Pinsky. This agreement aligns with Vinco's B.I.G. Strategy for growth through strategic partnerships.

Vinco Ventures (Nasdaq:BBIG) announced the successful sale of its subsidiary SRM Entertainment to Jupiter Wellness (Nasdaq:JUPW) on November 30, 2020. The transaction involved Vinco receiving 200,000 shares of Jupiter’s restricted common stock in exchange for 100% ownership of SRM, along with its employees and operational obligations. This divesture is part of Vinco's strategy to enhance its capital position and reduce operational costs as it prepares for further planned divestitures in 2021.

Vinco Ventures (BBIG) announced that its growth platform, Markets on Main, has struck a new agreement with OPTEC International for distributing innovative health products. The collaboration focuses on live shopping and digital commerce and includes two core products: the UV-C LED iWand, which disinfects surfaces effectively, and the Hydroxyl Portable Air Sterilizer that eliminates bacteria and viruses. This venture aligns with Vinco's B.I.G. strategy, aiming to leverage digital monetization and growth opportunities in health and wellness.

Vinco Ventures (NASDAQ: BBIG) reported its third quarter 2020 results, showcasing a 20.34% revenue increase to $4.25 million, up from $3.53 million in Q3 2019. Gross profit surged by 60.06%, reaching $1.58 million, while gross margin improved to 37.2%. However, the company faced a net loss of $2.87 million, worse than the prior year's loss of $2.63 million. Adjusted EBITDA also improved but remained negative at $182,644. The formation of Honey Badger Media and the new “Be Big” strategy aim to drive future growth.

On November 12, 2020, Vinco Ventures (NASDAQ: BBIG) announced its merger with Edison Nation, Inc., effective immediately. The merger initiates a new company name, Vinco, which aims to leverage a B.I.G. Strategy (Buy. Innovate. Grow.) focusing on acquiring digital media and consumer product brands for growth. The company has set a target of acquiring one brand per quarter, starting with Honey Badger Media. Current revenue guidance for fiscal 2021 totals $38.1 million, and Vinco plans to maintain transparency in PPE revenue amidst COVID-19 challenges.