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Jaxsta Limited ( (AU:VNL) ) has provided an announcement.
Vinyl Group has restructured its media division, now branded as Vinyl Media, to foster the transformation of brands into cultural icons. This rebranding includes the acquisition of several prominent media companies and a strategic licensing deal with Penske Media, aiming to enhance audience engagement through diverse media assets. The move is part of Vinyl Group’s broader strategy to strengthen its position in the cultural and media landscape, allowing advertisers to connect with engaged audiences across various domains including music, entertainment, and lifestyle. With these developments, Vinyl Media positions itself as a significant player in the Australian media scene, offering comprehensive access to influential cultural moments and communities.
More about Jaxsta Limited
Vinyl Group is a prominent entity in the music industry, offering a variety of tech and media solutions aimed at connecting music creators, fans, and brands. The company operates a diverse portfolio, including Vinyl.com, a major e-commerce platform, Vampr, a global social-professional network for creators, Jaxsta, the largest database of official music credits, and Serenade, a Web3 platform for collectibles. Its publishing division, Vinyl Media, manages influential media brands like Rolling Stone, Refinery29, and Variety in Australia.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $82.08M
Learn more about VNL stock on TipRanks’ Stock Analysis page.
