Lottery.Com Signs MOU to Acquire CMF Media (CMF) to Facilitate Sports.Com’s Production of Original Content
Lottery.com Inc. (Nasdaq: LTRY) has signed a Memorandum of Understanding to acquire CMF Media, a sports content production house, for $1 million in common stock at $3.00 per share. This acquisition is part of Lottery.com's strategy to develop its Sports.com brand. CMF Media, owned by Charlie Bingham and Miguel Sánchez, will be renamed Sports.com Studios and will continue producing original sports content for the Sports.com platform.
The first major initiative under Sports.com Studios is expected to be 'Football Vs', a show featuring renowned footballers and an international music icon. This acquisition aims to enhance Lottery.com's ability to produce cutting-edge sports content and generate significant value for Sports.com.
Lottery.com Inc. (Nasdaq: LTRY) ha firmato un Memorandum of Understanding per acquisire CMF Media, una casa di produzione di contenuti sportivi, per 1 milione di dollari in azioni ordinarie a 3,00 dollari per azione. Questa acquisizione fa parte della strategia di Lottery.com per sviluppare il suo marchio Sports.com. CMF Media, di proprietà di Charlie Bingham e Miguel Sánchez, sarà rinominata Sports.com Studios e continuerà a produrre contenuti sportivi originali per la piattaforma Sports.com.
La prima grande iniziativa sotto Sports.com Studios dovrebbe essere 'Football Vs', uno spettacolo con rinomati calciatori e un'icona della musica internazionale. Questa acquisizione mira a potenziare la capacità di Lottery.com di produrre contenuti sportivi innovativi e generare un valore significativo per Sports.com.
Lottery.com Inc. (Nasdaq: LTRY) ha firmado un Memorando de Entendimiento para adquirir CMF Media, una productora de contenido deportivo, por 1 millón de dólares en acciones comunes a 3.00 dólares por acción. Esta adquisición es parte de la estrategia de Lottery.com para desarrollar su marca Sports.com. CMF Media, propiedad de Charlie Bingham y Miguel Sánchez, será renombrada Sports.com Studios y continuará produciendo contenido deportivo original para la plataforma Sports.com.
La primera gran iniciativa bajo Sports.com Studios se espera que sea 'Football Vs', un programa con futbolistas reconocidos y un ícono internacional de la música. Esta adquisición tiene como objetivo mejorar la capacidad de Lottery.com para producir contenido deportivo de vanguardia y generar un valor significativo para Sports.com.
Lottery.com Inc. (Nasdaq: LTRY)는 CMF Media, 스포츠 콘텐츠 제작 회사를 100만 달러의 보통주로 주당 3.00달러에 인수하기 위한 양해각서를 체결했습니다. 이 인수는 Lottery.com의 Sports.com 브랜드 개발 전략의 일환입니다. Charlie Bingham과 Miguel Sánchez가 소유한 CMF Media는 Sports.com Studios로 이름이 변경되며 Sports.com 플랫폼을 위해 원본 스포츠 콘텐츠를 지속적으로 제작할 것입니다.
Sports.com Studios의 첫 번째 주요 프로젝트는 유명 축구 선수들과 국제 음악 아이콘이 출연하는 'Football Vs'가 될 것으로 예상됩니다. 이 인수는 Lottery.com이 최첨단 스포츠 콘텐츠를 제작하고 Sports.com에 상당한 가치를 창출할 수 있도록 하는 것을 목표로 합니다.
Lottery.com Inc. (Nasdaq: LTRY) a signé un protocole d'accord pour acquérir CMF Media, une maison de production de contenu sportif, pour 1 million de dollars en actions ordinaires à 3,00 dollars par action. Cette acquisition fait partie de la stratégie de Lottery.com pour développer sa marque Sports.com. CMF Media, détenue par Charlie Bingham et Miguel Sánchez, sera renommée Sports.com Studios et continuera à produire du contenu sportif original pour la plateforme Sports.com.
La première grande initiative sous Sports.com Studios est attendue avec 'Football Vs', une émission mettant en vedette des footballeurs renommés et une icône de la musique internationale. Cette acquisition vise à renforcer la capacité de Lottery.com à produire des contenus sportifs à la pointe de la technologie et à générer une valeur significative pour Sports.com.
Lottery.com Inc. (Nasdaq: LTRY) hat ein Memorandum of Understanding unterzeichnet, um CMF Media, ein Produktionshaus für Sportinhalte, für 1 Million Dollar in Stammaktien zu einem Preis von 3,00 Dollar pro Aktie zu erwerben. Diese Akquisition ist Teil der Strategie von Lottery.com, die Sports.com-Marke auszubauen. CMF Media, im Besitz von Charlie Bingham und Miguel Sánchez, wird in Sports.com Studios umbenannt und weiterhin originale Sportinhalte für die Plattform Sports.com produzieren.
Die erste große Initiative unter Sports.com Studios wird voraussichtlich 'Football Vs' sein, eine Show mit renommierten Fußballern und einem internationalen Musik-Ikone. Diese Akquisition zielt darauf ab, die Fähigkeit von Lottery.com zur Produktion innovativer Sportinhalte zu verbessern und erheblichen Wert für Sports.com zu schaffen.
- Acquisition of CMF Media for $1 million in stock, enhancing content production capabilities
- Strategic expansion into sports entertainment through Sports.com brand
- Planned launch of 'Football Vs' show, potentially attracting a global audience
- Integration of experienced content creators Charlie Bingham and Miguel Sánchez into Sports.com team
- Potential shareholder dilution due to stock-based acquisition payment
Insights
The acquisition of CMF Media by Lottery.com for Sports.com is a strategic move that could significantly enhance their content production capabilities. Valued at
The rebranding to Sports.com Studios and the planned "Football Vs" show indicate a clear direction towards creating original, high-quality sports content. This aligns well with current trends in the media industry, where original content is increasingly valuable for attracting and retaining audiences.
However, investors should note that the success of this venture will depend on:
- The actual execution and quality of the produced content
- The ability to monetize this content effectively
- The integration of CMF into the larger Sports.com ecosystem
While the potential is there, the relatively small acquisition size suggests this is just a first step in a larger strategy. The impact on Lottery.com's overall business may be in the short term but could prove significant if it leads to successful content creation and audience growth for Sports.com.
This acquisition, while interesting from a strategic perspective, has immediate financial impact on Lottery.com. The
Key financial considerations include:
- No immediate cash outlay, preserving Lottery.com's liquidity
- Potential for revenue diversification if Sports.com content succeeds
- Future capital requirements for content production and marketing
The stock-based payment at
Investors should watch for:
- Integration costs and any synergies realized
- Revenue generation from new content initiatives
- Impact on operating expenses as content production ramps up
While this move aligns with the company's strategic vision, its financial impact will likely be minimal in the short term and highly dependent on the success of Sports.com's content strategy in the long term.
FT. WORTH, Texas, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Lottery.com Inc. (Nasdaq: LTRY) ("Lottery.com" or "the Company"), an online lottery and digital entertainment provider, is pleased to announce that it has signed a Memorandum of Understanding (MOU) to acquire CMF Media, an award-winning sports content production house. The acquisition, valued at
The CMF acquisition is part of the broader buy and build strategy to be executed via a series of acquisitions targeted by Lottery.com to rapidly develop the Sports.com brand. Upon completion of the acquisition, CMF Media will be renamed Sports.com Studios and will continue to create and produce award-winning original sports content that will be showcased on the Sports.com platform. The acquisition of CMF further strengthens Lottery.com's strategic expansion into sports entertainment by providing the production capabilities necessary to develop and deliver compelling original content for Sports.com's growing global audience. Evolving in their roles at Sports.com Studios, Bingham and Sánchez will work alongside Tim Scoffham at recently acquired Sports.com Media.
Matthew McGahan, Chairman and CEO of Lottery.com and Sports.com, commented:
This acquisition of CMF Media is a fantastic fit for us, as it enhances our ability to produce cutting-edge, original sports content. We believe this will generate significant value for Sports.com, leveraging the talented team at CMF Media to build unique, captivating sports programming for our audience."
The first major initiative under Sports.com Studios is expected to be Football Vs, a sports show created by Miguel Sánchez, featuring world renowned footballers and an A-List international music icon. The show is set to push the boundaries of traditional sports programming, delivering a fresh and engaging experience for viewers across the globe.
Charlie Bingham commented:
"At CMF, we are passionate about telling authentic, powerful stories with global appeal. Our vision for Football Vs and other projects aligns perfectly with Sports.com’s mission to deliver top-tier sports content. I’m excited to see what we can achieve together and to captivate new audiences with our innovative storytelling and production."
Charlie has spent 17 years in the television industry, specializing in hosted expedition, natural history and motorsport. He started his career at the BBC Natural History Unit before moving into the independent sector, working in senior editorial roles on such shows as River Monsters, Bear Grylls and The Grand Tour. His expert knowledge of the challenges associated with ambitious creative content and his wealth of field experience and contacts are driving forces behind each of CMF Media's projects.
Miguel Sánchez, co-owner of CMF Media, added:
"Having spent years producing content across various sports platforms, I’m thrilled to bring my experience and passion for sports entertainment to the Sports.com brand. Our team at CMF Media is driven to create innovative formats that resonate with viewers around the world. Together with Sports.com, we will continue to push the boundaries of what’s possible in sports entertainment."
Born and raised in Mexico City, Miguel Sánchez is a self-confessed sports addict with over 13 years of production experience. He was the manager of content and production at Televisa’s VP entertainment office for six years, where he oversaw the 2016 Rio Olympic Games. Later, he was appointed director of development at Banijay MX & US Hispanic. Miguel’s love of sports and in-depth knowledge of global markets form the heart of CMF Media’s drive to deliver an ever-growing slate of innovative and ambitious sports content with scale. His leadership and vision are essential to CMF's success in creating engaging content that resonates with diverse audiences worldwide.
Commenting on the acquisition, Tim Scoffham, director of Sports.com Media added:
"The addition of CMF Media to the Sports.com family is a game-changer. Charlie and Miguel’s experience, combined with our vision for the Sports.com brand, will allow us to produce original, dynamic content that truly engages and excites our audience. We look forward to working together to create a new era of sports entertainment for fans throughout the world."
About CMF Media:
Founded by Charlie Bingham and Miguel Sánchez, CMF Media specializes in creating innovative and engaging sports entertainment formats for broadcasters and streamers worldwide. Their expertise spans live sports events, reality shows, esports competitions, and more, with a focus on using the latest production techniques and technologies to craft immersive experiences for viewers. With a commitment to pushing creative boundaries and delivering compelling content, CMF Media has built a reputation as a leader in the sports entertainment landscape.
About Lottery.com:
Lottery.com is a technology company that transforms how players engage with lotteries and sports entertainment through its digital platforms. As the parent company of Sports.com, Lottery.com aims to create a global hub for sports content, delivering innovative programming and immersive experiences to fans around the world.
Important Notice Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements, other than statements of present or historical fact included in this press release, regarding the company’s future financial performance, as well as the company’s strategy, future operations, revenue guidance, projected costs, prospects, plans and objectives of management are forward-looking statements. When used in this press release, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Lottery.com disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Lottery.com cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Lottery.com. In addition, Lottery.com cautions you that the forward-looking statements contained in this press release are subject to the following factors: (i) the outcome of any legal proceedings that may be instituted against Lottery.com; (ii) Lottery.com’s ability to maintain effective internal controls over financial reporting, including the remediation of identified material weaknesses in internal control over financial reporting relating to segregation of duties with respect to, and access controls to, its financial record keeping system, and Lottery.com’s accounting staffing levels; (iii) the effects of competition on Lottery.com’s future business; (iv) risks related to Lottery.com’s dependence on its intellectual property and the risk that Lottery.com’s technology could have undetected defects or errors; (v) changes in applicable laws or regulations; (vi) risks related to the COVID-19 pandemic and its effect directly on Lottery.com and the economy generally; (vii) risks relating to privacy and data protection laws, privacy or data breaches, or the loss of data; (viii) the possibility that Lottery.com may be adversely affected by other economic, business, and/or competitive factors; (ix) the ability of Lottery.com to achieve its strategic and growth objectives as stated or at all; and (x) those factors discussed in the proxy statement/prospectus filed by Lottery.com with the SEC under the heading “Risk Factors” and the other documents filed, or to be filed, by Lottery.com with the SEC. Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that Lottery.com has filed and will file from time to time with the SEC. These SEC filings are available publicly on the SEC’s website at www.sec.gov.
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