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The Other Art Fair has announced the return of its in-person events after postponements due to health guidelines. The first event was successfully held in March 2021 in Sydney, showcasing record visitor numbers and sales. The U.S. fairs are scheduled for June and July 2021 in Los Angeles, London, and Brooklyn. New safety measures include timed ticketing and enhanced cleanliness protocols. The fair aims to connect artists with buyers both through in-person encounters and its expanded virtual platform, further driving innovation in the art fair space.
eHow has launched its first-ever consumer insights hub, Find Your Hobby, based on a survey of readers that highlights the benefits of hobbies. Key findings reveal that 71% of respondents feel a sense of accomplishment from their hobbies, while 57% use them to manage stress. The survey indicates a rise in hobbies like gardening and organizing during the pandemic, with 41% of participants increasing their hobby time. eHow aims to help users discover new hobbies through this innovative platform.
Leaf Group Ltd. has announced a merger agreement with Graham Holdings where Graham will acquire Leaf Group for $8.50 per share, a total valuation of approximately $323 million. This price offers a 21% premium to Leaf's closing price on April 1, 2021. The Leaf Group Board unanimously approved the deal after exploring other offers and determined this was the best option for maximizing shareholder value. The transaction is expected to close in June or July 2021, pending shareholder and regulatory approval.
Saatchi Art has launched its New Voices campaign, showcasing 100 emerging artists from diverse backgrounds. Two-thirds self-identify as BIPOC, and over half are women. This initiative reflects the gallery's commitment to equity in representation by highlighting artists who often lack support from traditional galleries. Chief Curator Rebecca Wilson emphasizes the importance of recognizing underrepresented talent in the art world. CEO Sean Moriarty reiterates Leaf Group's dedication to empowering creators. For more details, visit Saatchi Art.
Leaf Group announces the launch of the inaugural season of The Well+Good Podcast, a platform aimed at exploring wellness trends and practices. Presented by Plume & Petal, the podcast will air episodes every Wednesday, discussing topics such as pandemic-era wellness and the concept of balance in fitness. The initiative aligns with Leaf Group's commitment to enriching consumer lives through valuable content. Well+Good, a recognized brand in health and wellness, has been delivering inclusive content since 2010.
Leaf Group announces the launch of The Other Art Fair Global Virtual Edition, taking place from March 10-14, 2021. This innovative VR art fair will showcase 75 emerging artists in a three-dimensional online environment without the need for headsets. Attendees can engage in live chats with artists and participate in virtual workshops. The event aims to connect artists with a global audience, aligning with Leaf Group's mission to support creators. The fair will feature city-specific programming, enhancing local art community engagement.
Leaf Group Ltd. (NYSE: LEAF) reported strong financial results for Q4 and FY 2020, with total revenue up 44% year-over-year to $65 million. Society6 Group revenue soared 95%, driven by a 102% boost in Direct-to-Consumer sales. Saatchi Art Group also performed well, with a 48% revenue increase. Although the Media Group's revenue fell 17%, the overall net loss improved significantly to $2.7 million. Adjusted EBITDA reached $1.7 million, marking a notable turnaround. Cash reserves stood at $67.1 million, reflecting solid operational cash flow.
Leaf Group Ltd. (NYSE: LEAF) announced it will release its fourth quarter 2020 financial results after market close on February 25, 2021. This will include a Shareholder Letter detailing quarterly earnings and business trends. The company will host a conference call at 5:00 p.m. ET to discuss the results. Investors can access the call by dialing (833) 502-0482 or via a live webcast on the Leaf Group Investor Relations website. This event is crucial for assessing LEAF's performance in key lifestyle categories including fitness and home design.
Society6, an artist-driven online marketplace, reported a Gross Transaction Value (GTV) of $13.1 million for January 2021, reflecting a 125% increase year-over-year. This growth highlights a successful Q4 2020 strategy focused on customer acquisition. Key product categories included Wall Art, Home Decor, and Bedding & Bath, with strong sales from BIPOC artists. Society6 aims to expand its premium offerings, specifically introducing new 100% cotton sheets in February. The company supports a community of 400,000 artists worldwide.
The Other Art Fair has announced its 2021 exhibition plans, including both in-person events and new Virtual Reality (VR) programming to expand its reach to a global audience. The fair aims to reintroduce physical events while implementing safety protocols as restrictions lift. The innovative VR platform will allow artists to showcase their works regardless of location. The exhibition schedule features events in cities like Los Angeles, Sydney, and London, bridging the gap between local and global art communities.
