Iconic Labs higher as it takes over management of JOE Media Ireland
The media and technology firm, which also manages JOE Media in the UK, also said its monthly management fee has been increased to £100,000 from £50,000
Company
LON:WDC
Iconic Labs PLC is a media and technology business focused on the identification, acquisition and growth of technology-driven companies in the online media, artificial intelligence and big data gathering, processing and analysis sectors. The company works with lean online companies that can scale rapidly, operate internationally with an inexpensive footprint, and provide a broad array of services across various sectors through the effective use of information and video gathering, data mining, just-in-time processing and online collaboration technology.
228 stories · page 2 of 12
The media and technology firm, which also manages JOE Media in the UK, also said its monthly management fee has been increased to £100,000 from £50,000
A glance at some of the day's highlights from the Proactive Investors newswire
“Iconic Labs is aiming to establish itself as a leader in both the tech and media fields and Glimpse Protocol's technology presents the perfect balance of the two”
The company expects to take full operational control of JOE Media's Irish business immediately on completion of the acquisition, which is expected early next month
The media group said the deal is an “innovative type of consultation service” that it will look to offer to a range of new clients going forward
The company said that revenues from this new contract are in excess of £150,000 and it is scheduled to commence in the third quarter and conclude in the fourth quarter of this year
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
JOE Media owns the JOE, SportsJOE, Her, and HerFamily brands, which the company said are “among the most recognisable brands in the Irish media landscape”
A glance at some of the day's highlights from the Proactive Investors newswire
The deal follows the buyout of JOE from administration by Greencastle Capital and is expected to contribute “a significant amount of revenue” to Iconic
The media tech firm said Greencastle is in “continued discussions” with Joe Media and if the bid is successful it will enter a management services agreement to manage the JOE assets
JOE is social media-based video news, sports, politics publisher that claims 100mln views a month.
The media firm said through GSN it will deliver an online and offline marketing campaign for a UK fresh produce brand during Pride month
"Infotagion already has an excellent brand and bringing our platform further into people's homes is a great next step for us and our users,” said John Quinlan.
The group noted that Lewis has more than 20 years' experience in senior roles in the media and technology industries, across the UK, US and Asia
"The progress that has been achieved since entering into the management contract with Iconic Labs has completely exceeded our expectations.”
Through the Infotagion platform, Saatchi will launch 'Find the Truth. Isolate the Lies', a myth-busting campaign designed to expose lies about coronavirus
The digital newspaper markets itself as supporting liberal, progressive, pro-European and pro-business viewpoints
Infotagion allows users to post screenshots of information seen on social media or elsewhere, which is then fact-checked by experts
The digital media firm said with more people staying at home during the coronavirus outbreak, it is “confident” of seeing a “long term increase in demand for its online publishing content and platforms”