The share price of Vinco Ventures Inc. (BBIG) slipped -3.45% to $ 3.08 on Friday morning. A 5.28% gain put BBIG stock price at $3.19 at the close of the last trading session. BBIG stock traded for 5.49 million shares on the day, which was below the average daily volume of 16.33 million shares for the last 50 days. Within the last five days, BBIG stock advanced 10.76%; however, their share price has dropped -9.38% in the last month. Since the beginning of this year, BBIG stock has gained 132.85 percent. The BBIG stock is losing value in the premarket session after gaining value previously.
How has BBIG Stock been recently?
ZASH Global Media and Entertainment (ZASH) is setting its sights on the popular reality show arena. Three new reality shows have been greenlit for production by the entertainment industry disrupter led by the co-founders Ted Farnsworth, Jaeson Ma, and Vincent Butta. “Love is Blurred,” “Own-It,” and “Millennium Penthouse Dance Party” are included in the new series. The three shows are part of ZASH’s debut slate following the company’s acquisition of a number of production and distribution companies and platforms around the globe.
Merger in the process between ZASH and BBIG:
A merger between ZASH and Vinco Venturndes (BBIG) is being finalized. First announced in January 2021, the deal was expected to close by the end of the year. Recent acquisitions by ZASH include Lomotif through their joint venture with BBIG, ZVV Media Partners, LLC. ZASH will become a public company and the controlling shareholder of BBIG following the closing of the deal, making Lomotif one of the most competitive video-sharing social networks owned by an American publicly listed company, competing with TikTok and Kuaishou.
Music streaming efforts:
In recent news, Vinco Ventures (BBIG) announced the launch of its subsidiary Emmersive Entertainment’s first music streaming platform. “WHEN IT’S DARK” by global superstar Tory Lanez is at the forefront of the BBIG platform.
Selling through E-NFT?
Starting August 4th, the E-NFT will be pre-sold for a price of $1 which will disrupt the industry. Emmersive Entertainment’s app, which will be available on Apple and Android platforms shortly, will provide streaming music and accompanying artwork. Together with Tory, Emmersive Entertainment will release 1,000,000 copies of the latest album exclusively through E-NFT.com, creating a new music distribution platform for fans.
