HOLLYWOOD REPORTER - Feb 24 - Zash Global Media and Entertainment, co-founded by former MoviePass chairman Ted Farnsworth, has struck a definitive agreement to acquire a majority stake in Lomotif, a Singapore-based video-sharing social networking platform a la TikTok founded in 2014. Zash, which was also founded by early Musical.ly (now TikTok) investor Jaeson Ma and Vincent Butta, who sits on the board of social media platform Triller, operates a social influencer platform and wants to develop "an evolved network of synergetic companies working together to disrupt the media and entertainment industry." The deal will make the company "one of the top global, pure-play video-sharing social networking platforms to be owned by a U.S. publicly-traded company, competing with TikTok and Kuaishou."
by Georg Szalai
See full article at Hollywood Reporter
