SEGG Media Takes Majority Stake in $10 Million Acquisition of Concerts.com and TicketStub.com

Core Insights - SEGG Media Corporation has completed the acquisition of a majority stake in DotCom Ventures Inc, valuing the transaction at $10 million, marking a significant step in expanding its digital portfolio in the live entertainment and ticketing sectors [1][2][8] - The acquisition includes the brands Concerts.com and TicketStub.com, which will enhance SEGG Media's offerings in ticket sales, streaming, and fan engagement [2][3] - The global secondary ticket market is projected to grow from approximately $13.5 billion in 2023 to over $19 billion by 2027, indicating a compound annual growth rate (CAGR) of 9% [2] Company Strategy - The acquisition is seen as a cornerstone for creating a unified platform that integrates content, commerce, and live events, with expectations of unlocking significant value across various sectors [2][3] - SEGG Media aims to build a next-generation fan experience by combining its existing platforms with the newly acquired brands, focusing on premium events and smart ticketing solutions [3][8] - The company is actively recruiting industry leaders to scale the operations of Concerts.com and TicketStub.com over the next 3 to 6 months [8] Market Position - SEGG Media now controls three major digital assets: Sports.com, Concerts.com, and Lottery.com, which are expected to have a combined brand value exceeding $100 million [3] - The acquisition positions SEGG Media as a competitive player in the high-growth sectors of sports, entertainment, and gaming, with a strategic focus on revenue generation across digital and live formats [3][4] - The board and shareholders of DVI approved the acquisition primarily for stock in SEGG Media, reflecting confidence in the company's growth potential and market valuation [4]