MUMBAI and TORONTO, June 15, 2021 /PRNewswire/ – QYOU Media Inc. (TSXV:QYOU;OTCQB: QYOUF) is happy to announce that it has accomplished its closing to purchase 97% of Chatterbox Technologies Private Limited (model identify: Chtrbox), a main award-winning influencer advertising and marketing firm based mostly in India. Details of the transaction had been launched on June 1, 2021.
Founded in 2016 out of Mumbai and Delhi, Chtrbox is a chief in data-driven influencer advertising and marketing, powering India’s prime manufacturers to inform nice tales at scale. Chtrbox gives manufacturers a huge numerous pool of over 300,000 influencers, from prime celebrities, digital stars, to micro influencers, mother bloggers and campus-based creators. Chtrbox has delivered campaigns for lots of the prime manufacturers in India together with P&G, Amazon, Flipkart, HP and dozens extra.
As a part of the acquisition, Pranay Swarup and Julie Kriegshaber will proceed to act as Chief Executive Officer and Chief Operating Officer of Chtrbox, respectively.
While main to a substantial growth of QYOU Media’s influencer advertising and marketing enterprise in India, the addition of Chtrbox will ship fast and accretive capabilities to QYOU Media’s India broadcast operations, accelerating plans to leverage India’s burgeoning creator financial system and additional supporting the channel’s content material, promoting and e-commerce initiatives.
Curt Marvis, CEO and Co-Founder of QYOU Media Inc. commented, “We couldn’t be extra thrilled about welcoming Chtrbox into the QYOU Media household. The acquisition of Chtrbox’s sturdy influencer enterprise and workforce in India has superior our enterprise forward by a number of years in phrases of capabilities ensuing from the acquisition. The future is shiny for our mixed companies”.
About QYOU Media
QYOU Media operates in India and the United States producing and distributing content material created by social media stars and digital content material creators. In India, we curate, produce and distribute premium content material together with tv networks and video on demand (“VOD”) for cable and satellite tv for pc tv, over-the-top (“OTT”) and cell platforms. In the United States, we handle influencer advertising and marketing campaigns for main movie studios and types. Founded and created by business veterans from Lionsgate, MTV, Disney and Sony, QYOU Media’s millennial and Gen Z-focused content material reaches younger customers world wide. Experience our work at www.qyoumedia.com and www.theq.television.
About Chtrbox
Chtrbox is a main data-driven influencer advertising and marketing resolution, powering India’s prime manufacturers to inform nice tales at scale. They allow visionary entrepreneurs to uncover and collaborate with hundreds of content material creators, social media influencers, bloggers and passionate followers of their model. Brands profit by gaining buyer consideration, actual engagement and progress in their enterprise. Chtrbox (Chatterbox Technologies Pvt Ltd) was based in 2016 in India, and is backed by skilled entrepreneurs and media personalities. Their work will be discovered at www.chtrbox.com.
Forward-looking Statements
This press launch might comprise “forward-looking data” and “forward-looking statements” inside the which means of relevant securities legal guidelines, together with, with out limitation, QYOU Media’s expectations concerning the completion of the acquisition and the follow-on closings, statements relating to the enterprise and future actions of Chtrbox and QYOU Media and the sectors in which they function. All data contained herein that’s not clearly historic in nature might represent forward-looking data. Forward-looking statements are essentially based mostly upon a variety of estimates and assumptions that, though thought-about cheap by administration, are inherently topic to vital enterprise, financial and aggressive dangers, uncertainties and contingencies which will trigger precise monetary outcomes, efficiency or achievements to be materially completely different from the estimated future outcomes, efficiency or achievements expressed or implied by these forward-looking statements and the forward-looking statements are usually not ensures of future efficiency, together with, with out limitation, dangers related to the acquisition and acquisitions typically, dangers associated to failure to fulfill the closing situations contained in the Share Purchase Agreement, the absence of fabric adversarial adjustments or different occasions which can give a social gathering a foundation to terminate the Share Purchase Agreement and the power of the events to get hold of the requisite approvals and consents. Additional dangers and uncertainties concerning QYOU Media are described in its publicly accessible disclosure paperwork, filed by QYOU Media on SEDAR at www.sedar.com besides as up to date herein. The forward-looking statements contained in this information launch characterize QYOU Media’s expectations as of the date of this information launch, or as of the date they’re in any other case acknowledged to be made, and subsequent occasions might trigger these expectations to change. Except as required by legislation, QYOU Media undertakes no obligation to publicly replace or revise any forward-looking statements, whether or not as a results of new data, future occasions or in any other case, besides as could also be required by legislation. Readers are cautioned not to put undue reliance on these forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that time period is outlined in the insurance policies of the TSX Venture Exchange) accepts accountability for the adequacy or accuracy of this launch.
SOURCE QYOU Media Inc.
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