Vertiqal Studios Announces Sale of Luminosity Gaming

Core Viewpoint - Vertiqal Studios Corp. has completed the sale of its Luminosity asset to focus on its core business areas and enhance long-term brand sustainability [1][2][3] Group 1: Transaction Details - The sale price for the Luminosity asset was C$300,000, with an additional C$125,000 payment contingent on future revenue collection [5] - Vertiqal will retain all historical debts and liabilities related to Luminosity prior to the sale, while the new owner will operate Luminosity independently [5][4] Group 2: Strategic Focus - The divestment of Luminosity allows Vertiqal to concentrate on its core growth engines, including social video channels and proprietary monetization infrastructure [3][6] - The company aims to reallocate resources towards scalable revenue opportunities, accelerate innovation, and strengthen strategic partnerships [3] Group 3: Operational Overview - Vertiqal manages over 200 channels across platforms like TikTok, Instagram, YouTube, and Snapchat, producing more than 100 pieces of content daily for a community of over 52 million followers [8] - The company generates revenue through direct brand partnerships, agency relationships, and platform monetization [8][7]