Tabloids The National Enquirer, the Globe and the National Examiner are set to get new owners.
Vvip Ventures, a joint venture between digital media and content technologies holding company Vinco Ventures and Icon Publishing, has struck an asset purchase agreement with magazine publisher A360 Media, formerly known as American Media, to acquire the brands in cash. Financial details weren’t disclosed.
“The transaction includes the acquisition of all print and digital assets and owned intellectual property of the National Enquirer (both U.S. and U.K. editions), National Examiner and Globe,” the companies said Monday. “The editorial teams of A360 Media responsible for these publications will also join the joint venture.”
The deal gives Vvip Ventures the exclusive right for a 90-day period to discuss additional business collaborations with A360 Media. The joint venture will also enter a multiyear service agreement for publishing, financial and distribution services with A360.
The...
Vvip Ventures, a joint venture between digital media and content technologies holding company Vinco Ventures and Icon Publishing, has struck an asset purchase agreement with magazine publisher A360 Media, formerly known as American Media, to acquire the brands in cash. Financial details weren’t disclosed.
“The transaction includes the acquisition of all print and digital assets and owned intellectual property of the National Enquirer (both U.S. and U.K. editions), National Examiner and Globe,” the companies said Monday. “The editorial teams of A360 Media responsible for these publications will also join the joint venture.”
The deal gives Vvip Ventures the exclusive right for a 90-day period to discuss additional business collaborations with A360 Media. The joint venture will also enter a multiyear service agreement for publishing, financial and distribution services with A360.
The...
- 2/6/2023
- by Georg Szalai
- The Hollywood Reporter - Movie News
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