What’s occurring with QYOU Media?
QYOU Media Inc. (QYOUF) inventory was down 1.02% after the Canadian firm finalized the acquisition of Chatterbox Technologies Private Limited, working as Chtrbox, a high influencer advertising firm in India. Shares of QYOUF have been buying and selling at $0.28 per share on Wednesday afternoon.
The transaction for 97% of the corporate was introduced on June 1 and accomplished June 15. Chtrbox has amassed a pool of greater than 300,000 influencers, together with celebrities, digital stars, and micro influencers, in addition to mother bloggers and faculty creators, and executed campaigns with well-known manufacturers.
What does this imply for QYOUF?
Following the acquisition, the CEO and COO of Chtrbox, Pranay Swarup and Julie Kriegshaber, will stay of their roles as CEO and COO.
QYOU Media has undertaken a “substantial enlargement” into influencer advertising in India, and “the addition of Chtrbox will ship instant and accretive capabilities to QYOU Media’s India broadcast operations, accelerating plans to leverage India’s burgeoning creator economic system and additional supporting the channel’s content material, promoting and e-commerce initiatives,” the corporate mentioned in a press release.
Curt Marvis, CEO and co-Founder of QYOU Media Inc. additional added that the “the acquisition of Chtrbox’s robust influencer enterprise and staff in India has superior our enterprise forward by a number of years by way of capabilities ensuing from the acquisition.”
QYOUF has a Long-Term Technical Rank of 66. Find out what this implies to you and get the remainder of the rankings on QYOUF!
QYOU Media Inc focuses on the curation and programming of short-form video content material from the Video-Everywhere age. The firm finds and licenses movies; packaging it for linear and on-demand TV and video channels, playlist-driven cell apps, customized exhibits and influencer advertising campaigns. The firm identifies sources for content material materials, data unique video programming edits to content material and prepares last video product for distribution. Geographically the corporate operates in Canada, the United States of America, Ireland, and India.