Jaxsta Limited (AU:VNL) has released an update.
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Vinyl Group, Australia’s sole ASX-listed music company, has finalized its acquisition of Funkified Entertainment for $2.5 million, integrating its events capabilities and boosting growth potential. The deal is expected to enhance Vinyl Group’s margins and operational efficiencies as it brings Funkified’s event management in-house, with projected revenues of $4.03 million and an EBITDA of $430K for FY24. This strategic move aligns with Vinyl Group’s mission to improve financial performance and capitalize on international market opportunities.
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