Former MoviePass chairman's next big bet: a TikTok rival from Singapore [Los Angeles Times (CA)]
Vinco Ventures, Inc. (BBIG)
Company Research
Source: Los Angeles Times
The former chairman of defunct cinema subscription app MoviePass , Ted Farnsworth, is back with a new company. But instead of disrupting the movie theater industry with cheap monthly fees, he’s trying to take on TikTok and Triller in the fast-growing mobile video space. His firm, Zash Global Media and Entertainment Corp., on Tuesday said it has taken control of Lomotif, a Singapore-based video-sharing platform that competes with Beijing-based TikTok. Zash has acquired an 80% controlling interest in Lomotif, the company said. Financial details were not disclosed. Inside the business of entertainment The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future. You may occasionally receive promotional content from the Los Angeles Times. Farnsworth, who cofounded Zash with entrepreneurs Jaeson Ma and Vincent Butta, has reentered the dealmaking space after MoviePass’ collapse by making inroads in digital entert
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