Bragg Gaming Group Inc (CVE:BRAG) (OTCMKTS:BRGGF) has inked a definitive share purchase agreement with SN&CK Media Limited (SML) for the sale of its media division, including GiveMeSport (GMS), following the completion of a strategic review of its online media division.
Under the sale agreement, Bragg said it will receive total consideration of up to £400,000 (C$699,801), consisting of an upfront cash payment of £50,000 (C$87,465), in addition to 10% of the gross revenues from the media division for a period of 21 months following completion, which is expected in early May 2020.
“The completion of the strategic review process and the execution of the agreement for the sale of Bragg’s online media division to SML will allow us to focus our efforts and resources on Oryx, our B2B business, which is growing at an exponential rate,” Bragg CEO Dominic Mansour said in a statement.
“Given the current environment and the significant jump in virtual and digital activities, we have seen demand for Oryx’s online gaming and gambling services increase over the past few months. We have made significant strides over the past year in enhancing our platform and building this asset, and we will now be able to further streamline our activities and reduce our cash burn.”
Bragg launched a strategic review of its online media division In August 2019, an eight-month process that will be completed with the sale of the online media division to SML.
SML, established in 2007 and based in London, is a leading independent sports digital media company with over 30 million sports fans, specializing in multi-channel content creation, distributed at scale, through data-driven engagement strategies. SML’s digital publishing partners include The National Football League, Football Fancast, The Cricket Paper, and other partners. SML reported over 500 million global ad impressions on approximately 400 websites.
Niall Coen, CEO of SML, pointed out that with the deal the company will become one of the largest sports media web platforms in the UK and largest globally on Facebook.
“Both Bragg and SML have long-standing relationships with quality partners that we will be able to mutually leverage in order to grow at an exponential pace. We are excited about combining the two businesses and expanding our platform to take advantage of its 25 million Facebook followers and the great work done by the GMS team,” Coen added.
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Media Beat: November 23, 2020 – FYI Music News
You gotta laugh to keep from cryin’
Marketers spend half a trillion dollars a year on advertising. You’d think they’d take the time to understand what the hell they’re doing. There is incontrovertible evidence that they are alarmingly out of touch with the people they are trying to influence.
This week Ipsos Canada released a study on behalf of ThinkTV comparing the beliefs of 300 marketing “professionals” to the self-reported activities of consumers. The results are striking, if not shocking. Using the data from the Ipsos study, I’ve made a little table.
They think they “understand the consumer.” They don’t understand shit.
While 58% of marketers and advertisers have “smart speakers” in their homes, 19% of real people do. While about 45% of adults in the US are over 50, in ad agencies about 6% of employees are. According to the coo of Ipsos, “Some of these differences really are quite gigantic.” – Bob Hoffman, The Ad Contrarian
Rogers Sports & Media has made staff cuts at its radio and television properties, that include the cancellation of Breakfast Television in Calgary and Vancouver, as well as the JACK 96.9 (CJAX-FM) Vancouver morning show, as reported by Broadcast Dialogue.
“We are modernizing our business to position us for growth as we face the continued effects of a seismic shift in the media industry from traditional to digital and the challenges of the global pandemic,” Andrea Goldstein, Senior Director of Communications, told Broadcast Dialogue in an email. “Today’s changes allow us to prioritize our focus in areas where we have the assets and capabilities to deliver best-in-class multiplatform experiences.”
Ultimately, family legacy proved more important for Cogeco, said Bloomberg Intelligence analyst John Butler. “If your whole life is wrapped up into a company that you built over the years, and it’s providing more than suitable compensation, why sell?”
For industry watchers, it’s now a waiting game to see if Rogers sells all or part of its Cogeco investment. “We’ll see if we hear about any next steps by Rogers before or with its 4Q reporting in January,” National Bank of Canada analyst Adam Shine said in an email. – Ilya Banares, Bloomberg News
Established producers would much rather the public agency operate like a “cultural bank” for proven successes, with an annual withdrawal limit of $4 million per company. The Fast Track producers believe Telefilm’s role should be restricted to “the administration of funds” while they, not the bureaucrats, decide what gets made.
The problem, critics say, is that the industry’s leaders in Canada are mostly white men who history shows are not predisposed to telling stories that speak to Canada’s diverse audiences or work with BIPOC filmmakers. Hence, why Telefilm is shaking things up. – Radheyan Simonpillai, Now
Castlepoint Numa Inc. says it has sold its minority interest in Pinewood Toronto Studios to majority shareholder Bell Media. Castlepoint invested in Pinewood Toronto in 2009 in the wake of the financial crisis.
Bell Media exercised its right to buy the shares through a right of first offer.
Separately, Bell Media and Grandé Studios have announced a new partnership, Bell Media has acquired a minority investment in the Montréal-based company, which provides production facilities, camera and lighting equipment rentals in Montréal and Toronto, and technical services to the local and international TV and film production industry. Terms of the transaction were not disclosed.
The business world has its share of mavericks and contrarians. Then there is Doug Putman. People scoffed when the 36-year-old Hamilton-area entrepreneur bought bankrupt music retailers Sunrise Records, U.K.’s HMV and For Your Entertainment in the U.S., but he has turned them into profitable, growing chains. Now he’s acquired most of the outlets of insolvent DavidsTea and is reinventing them, turning them into … tea shops. Named T. Kettle, the first locations opened in early November. When he’s not busy turning around failing international chains, he works as president of his family’s business, Everest Toys.
You’ve opened a retail chain in the middle of a pandemic. What were you thinking?
I believe timing is everything. You get presented opportunities but nothing is ever perfect. If we weren’t in the situation we’re in, another retailer wouldn’t be pulling out of 150 stores. People say, “Oh, they couldn’t make it, but you can?” But just because one restaurant fails doesn’t mean you shouldn’t open a restaurant. The opportunity is there because someone has left the market and landlords and suppliers are eager to partner. – Joanna Pachner, The Star
As soon as he becomes a private citizen, Trump will be stripped of the legal armour that has protected him from pending cases both civil and criminal.
Here are some of the most perilous cases that await President Trump when he’s no longer president — and here’s how he could yet use the powers of the nation’s highest office to escape punishment… – Tom Winter, NBC News
The easiest option for Mr Trump might be no Trump TV at all. Instead of starting his own venture, Mr Trump could instead host shows on Fox or other existing conservative media outlets. That could be lucrative for the former president and give him a large, influential platform. “He could easily make $40m a year,” said one former senior Fox executive. – Anna Nicolaou & James Fontanella-Khan in New York and Alex Barker in London, Financial Times
Viewers asked the Federal Communications Commission to revoke licenses from CNN, Fox News, and MSNBC — except the FCC doesn’t issue licenses to networks. – WFFA TV
BuzzFeed is buying HuffPost, the digital media company created by Arianna Huffington, Kenneth Lerer and others in 2005.
Verizon Media, HuffPost’s current parent company, also announced an investment in BuzzFeed. It will have a minority stake in the company. – Sarah Guaglione, Media Post
William (Bill) John Morgan arrived from Australia and became a columnist and then editor of the Brandon Sun Newspaper. He moved on to join the CBC. From 1976 to 1980, he was TV Network Program Director, responsible for the pubcaster’s television network schedule, and ultimately for direct creative supervision of the “entertainment” side of CBC Television. In 1980, Bill was appointed Head of Television Current Affairs, where, as well as being the manager responsible for the successful development of The Journal, he was in overall charge of program series such as The 5th Estate, Marketplace, Man Alive, and Emmy and Academy award-winning documentaries like Fighting Back and Just Another Missing Kid. He was also a key planner for the network’s Newsworld (now CBC News Network).
Fuse expands integrated media operations with senior hire – Media In Canada
Fuse expands integrated media operations with senior hire
Luke Moore brings media and business development experience to the Toronto-based full-service creative agency.
Luke Moore brings media and business development experience to the Toronto-based full-service creative agency.
Israeli Prime Minister Secretly Flew To Saudi Arabia, Israeli Media Reports – NPR
Updated at 8:30 a.m. ET
Israeli Prime Minister Benjamin Netanyahu secretly flew to Saudi Arabia on Sunday with his Mossad spy chief Yossi Cohen to meet Saudi Crown Prince Mohammed bin Salman and U.S. Secretary of State Mike Pompeo, multiple Israeli media outlets reported. Saudi Arabia’s government has denied the reports.
It is the first such meeting between Israeli and Saudi leaders to be reported widely in Israeli media, and could be a signal that Israel, Saudi Arabia and the Trump Administration are coordinating their stance on Iran before President-elect Joe Biden takes office.
Saudi Arabia’s foreign minister has denied that the reported meeting with Netanyahu took place, saying “the only officials present were American and Saudi.”
Biden has said he’d consider reviving the Iran nuclear deal, which President Trump left at Israel’s urging. Israel and Saudi Arabia, which share covert ties, both see Iran as an adversary.
Netanyahu’s office declined comment on the reported trip, but the prime minister may have dropped hints about it in a speech he delivered Sunday.
“We must not return to the old nuclear agreement. We must continue the uncompromising policy to ensure Iran does not develop a nuclear weapon,” Netanyahu said. “Thanks to our firm stance against a nuclear Iran – and thanks to our opposition to a nuclear deal with Iran – many Arab countries fundamentally changed their approach to Israel.”
Hours after Netanyahu delivered the speech, an online flight tracker recorded a private plane, one reportedly used by Netanyahu before, flying Sunday evening from Tel Aviv to Neom in Saudi Arabia and returning about five hours later.
Israeli media cited anonymous Israeli officials confirming the visit. Israeli journalists noted that Israel’s military censor, which often bans publication of news sensitive to Israel’s national security, approved the reports for publication.
It is unclear if Israeli and Saudi officials also discussed opening formal diplomatic relations in the reported meeting, following in the footsteps of Saudi Arabia’s neighbors, the United Arab Emirates and Bahrain.
Pompeo, who has been touring Israel and Gulf Arab states touting the Trump administration’s pressure campaign on Iran, announced his meeting Sunday with bin Salman in Saudi Arabia’s new high-tech city Neom, but did not mention if Netanyahu was present. The U.S. Embassy in Jerusalem declined comment.
Israeli Defense Minister Benny Gantz, a political rival of Netanyahu, criticized that the alleged visit was leaked to Israeli media, though it was unclear if he was confirming the reports.
“The leak of the covert flight of the prime minister is an irresponsible step. I don’t act that way. I never acted that way and I will never act that way and I think in that context the citizens of Israel need to be concerned,” Gantz said in a meeting with his political party, according to a statement from his party’s office.
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