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Article published on Billboard, 08 February 2024 | Lars Brandle

"We now have a very clear path to profitability," says Vinyl Group CEO Josh Simons.

Following the completion of its acquisition of The Brag Media, the Sydney-based music and tech specialist doubles-down on its mission to build revenue and integrate its new asset.

As previously reported, the transaction is funded with a new investment by billionaire WiseTech Global founder and CEO Richard White, by way of an A$11 million ($7.5 million) placement and debt facility, uniting the only music specialist company listed on the Australian Securities Exchange (ASX) with the market leader in premium youth content and events.

“Our real mission or vision that we all have in the company is to empower and power all facets and parts of the music ecosystem,” Vinyl Group CEO Josh Simons tells Billboard.

Read the full article here, and post your thoughts, feedback and questions on the 'Ask a question' section.

Vinyl Group Identifies Synergies, ‘Clear Path to Profitability’ Following The Brag Media Acquisition