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The latest update is out from QYOU Media ( (TSE:QYOU) ).
QYOU Media has completed the sale of its Indian free-to-air broadcast channel ‘Q TV’ to Oscar Media Pvt. Ltd., marking a strategic shift towards focusing on the digital creator economy and social media marketing. This move aligns with their strategy to concentrate resources on high-growth segments and includes plans to publicly list Chatterbox Technologies on the Bombay Stock Exchange, making it India’s first publicly listed social media and influencer marketing business. This transition is expected to unlock long-term value for shareholders as the company pivots away from traditional television amidst global industry upheaval.
More about QYOU Media
QYOU Media is a rapidly growing media company operating in India and the United States, focusing on producing, distributing, and monetizing content created by social media influencers and digital content stars. It operates through subsidiaries, including Chtrbox in India, an influencer marketing platform connecting brands with social media influencers. The company is led by industry veterans from renowned companies like Lionsgate, MTV, Disney, Sony, and TikTok, and its content has reached over a billion consumers.
Average Trading Volume: 100,199
Technical Sentiment Signal: Sell
Current Market Cap: C$23.9M
For detailed information about QYOU stock, go to TipRanks’ Stock Analysis page.