Vinco Ventures' Subsidiary Emmersive Entertainment Announces Music Streaming NFT Platform
Vinco Ventures (NASDAQ: BBIG) has launched its subsidiary Emmersive Entertainment's first music streaming platform, featuring Tory Lanez's exclusive album, "WHEN IT'S DARK." The album's E-NFT, priced at $1, allows fans to access streaming music and artwork, with limited copies available for resale. The album drops on August 10, 2021. The initiative pairs with the Lomotif app, expanding reach to millions globally and aiming to create a significant NFT music distribution marketplace. This marks a significant innovation in fan engagement and music distribution.
- Launch of E-NFT platform could create new revenue streams for the company.
- Collaboration with Tory Lanez expected to enhance brand visibility and market reach.
- Partnership with Lomotif may provide access to millions of potential users and fans.
- The success of the E-NFT platform is uncertain and may depend on market acceptance.
- Potential risks associated with the volatility of the NFT market.
BETHLEHEM, Pa., Aug. 4, 2021 /PRNewswire/ -- Vinco Ventures, Inc. (NASDAQ: BBIG) a leader in selective acquisitions leveraging new market opportunities by utilizing the B.I.G. Strategy: Buy. Innovate. Grow., is pleased to announce the launch of its subsidiary Emmersive Entertainment's first ever music streaming platform, led by the exclusive new album and art release of global superstar, Tory Lanez's, titled "WHEN IT'S DARK."
Available for pre-sale today, August 4th at 5:00PM ET, the limited-edition E-NFT will sell for an industry disruptive
"First and foremost, I put blood, sweat and tears into creating my music, because delivering the highest quality of music is paramount for me," said Tory Lanez. "I couldn't be more excited to have a platform from Emmersive Entertainment that allows my fans and collectors alike to not only hear my music, but become entrepreneurs as well if they choose to, by having the ability to resell and set their own price on the open market. This allows for a completely different kind of fan engagement, which is the next iteration of the music industry, an absolute paradigm shift. I'm proud to be in partnership with a team that fully supports my vision."
The launch of Tory's new album along with the E-NFT platform will be featured on the Lomotif app that is being launched in a roll out strategy worldwide. Lomotif, a competitor of TikTok, is one of the largest short form video platforms in the world today. This will give access to tens of millions of people from around the world to Tory's once in a lifetime first NFT Album. Lomotif has deep roots in the music industry, recently hosting the largest virtual concert event in history in partnership with LiveXlive generating over 37 million live views. "We are excited to be a part of this truly disruptive event" said CSO Brian McFadden. "The launch of the Emmersive Platform, led by the limited-edition release of Tory Lanez's latest album is revolutionary. When combining this with the traffic that can be generated through Lomotif, we expect to build one of the largest NFT platforms in the music business."
We believe the "WHEN IT'S DARK" album is a classic piece of timeless art that speaks volumes to the musical genius of Tory Lanez, and that Tory's incredible ability to give fans a pure and untainted journey through unique songs, leaves an indelible impression on listeners worldwide. "WHEN IT'S DARK" the industry changing seven song and seven art piece collection will officially drops on Tuesday, August 10th.
"Once again, Tory delivered another masterful body of work," said Erik Hicks, from Emmersive Entertainment. "I told Dr. George Tabi the day he introduced me to Tory, that I immediately loved working with Tory because he's a true visionary and creative genius who consistently operates in eclectic originality fearlessly. I echo his sentiments about the new E-NFT album and the impact our new platform will have on the music industry. We're so excited to launch Emmersive Entertainment with an incredible talent such as Tory and can't wait to see what the future has in store for fans and artist alike."
About Vinco Ventures, Inc.
Vinco Ventures, Inc. (BBIG) is a selective acquisitions company focused on digital media and content technologies. Vinco's B.I.G. (Buy. Innovate. Grow.) strategy is seeking out acquisition opportunities that are poised for scale and will BE BIG. For more information visit Investors.vincoventures.com.
EVNT Platform, LLC, dba Emmersive Entertainment
Builders of the next great artform and investment vehicle. Our team draws on decades of industry experience, creative vision, and programming prowess to deliver unparalleled digital solutions. We are committed to pushing the limits of technology and challenging ourselves to unlock the most creative solutions for complex artistic and technological NFT concepts. We specialize in crafting custom artwork in a variety of mediums, all while advancing the NFT market by offering one-of-a-kind augmented digital and physical tokens. Working directly with artists, celebrities, and sports stars, we produce the future of memorabilia. For additional information, please visit EmmersiveEntertainment.com and E-NFT.com.
About Lomotif
Lomotif is the leading video-sharing social networking platform that is democratizing video creation. Since the company was co-founded by video enthusiast Paul Yang in 2014, Lomotif has been granted three technology patents uniquely focused on empowering creators to share and watch short videos with ease through remix and collaboration. Yang's bold vision is to build the world's largest video vocabulary to accelerate the world's transition to video-first expression. Lomotif, available in the Apple and Google stores, is a breakthrough downloadable app for hip hop, rap, and urban culture across the United States and Latin America. Lomotif is one of five partners selected by Snapchat for a bi-directional integration for posting stories between the two platforms. For additional information about Lomotif Private Limited, please visit Lomotif's website at www.lomotif.com.
About ZASH Global Media and Entertainment Corporation
ZASH is an evolving network of synergetic companies working together to disrupt the media and entertainment industry as we know it today. The ZASH team is managed by a group of smart, if not somewhat brazen, consummate disrupters. ZASH believes its management team has an exceptional and unparalleled ability to pivot because their knowledge and experience is steadfast and unyielding. For additional information about ZASH Global Media and Entertainment Corporation, please visit ZASH's website at www.zash.global.
In addition to the agreement with Lomotif, ZASH has made a number of moves in the media and entertainment industry. In one of its largest deals earlier this year, ZASH announced plans to merge with Vinco Ventures, Inc. (NASDAQ: BBIG) creating exciting acceleration and growth in live-streaming content, video-sharing, distribution and production within its own ecosystem.
Forward-Looking Statements and Disclaimers
To the extent any statements contained in this press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 and the information that are based upon beliefs of, and information currently available to, the company's management as well as estimates and assumptions made by the company's management. These statements can be identified by the fact that they do not relate strictly to historic or current facts. When used in this presentation the words "estimate," "expect," "intend," "believe," "plan," "anticipate," "projected" and other words or the negative of these terms and similar expressions as they relate to the company or the company's management identify forward-looking statements. Such statements reflect the current view of the company with respect to future events and are subject to risks, uncertainties, assumptions and other factors relating to the company's industry, its operations and results of operations and any businesses that may be acquired by the company. Should one or more of these risks or uncertainties materialize, or the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, the company cannot guarantee future results, performance, or achievements. Except as required by applicable law, including the security laws of the United States, the company does not intend to update any of the forward-looking statements to conform these statements to actual results.
Media Contact
5W Public Relations
EmmersiveEntertainment@5wpr.com
(212) 999-5585
Investor Relations
Aimee Carroll
T: 866-900-0992
investors@vincoventures.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/vinco-ventures-subsidiary-emmersive-entertainment-announces-music-streaming-nft-platform-301348285.html
SOURCE Vinco Ventures, Inc.
FAQ
What is the E-NFT platform launched by Vinco Ventures?
When will Tory Lanez's album be available?
How much does the E-NFT for Tory Lanez's album cost?
What is the significance of the partnership with Lomotif?
What is Vinco Ventures' strategy with the new streaming platform?
