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KUSTOM ENTERTAINMENT, INC. ANNOUNCES A NON-BINDING MEMORANDUM OF UNDERSTANDING FOR THE CONTEMPLATED DIVESTITURE OF ITS VIDEO SOLUTIONS SEGMENT
Globenewswire· 2026-01-22 13:30
OVERLAND PARK, KS, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Kustom Entertainment, Inc. (Nasdaq: KUST) (the “Company”) today announced that it has entered into a non-binding Memorandum of Understanding (“MOU”) with Cycurion, Inc. (NASDAQ: CYCU) (“Cycurion”) to divest its video solutions division. The divestiture of the Company’s video solutions business supports the Company’s strategic focus on its rapidly growing live event production and proprietary online ticketing operations, aligning with its broader rebrandin ...
KUSTOM ENTERTAINMENT, INC. ANNOUNCES A NON-BINDING MEMORANDUM OF UNDERSTANDING FOR THE CONTEMPLATED DIVESTITURE OF ITS VIDEO SOLUTIONS SEGMENT
Globenewswire· 2026-01-22 13:30
OVERLAND PARK, KS, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Kustom Entertainment, Inc. (Nasdaq: KUST) (the “Company”) today announced that it has entered into a non-binding Memorandum of Understanding (“MOU”) with Cycurion, Inc. (NASDAQ: CYCU) (“Cycurion”) to divest its video solutions division. The divestiture of the Company’s video solutions business supports the Company’s strategic focus on its rapidly growing live event production and proprietary online ticketing operations, aligning with its broader rebrandin ...
KUSTOM ENTERTAINMENT, INC. COMPLETES THE DIVESTITURE OF ITS NOBILITY HEALTHCARE SUBSIDIARY; SHARPENS ITS FOCUS ON $100 BILLION LIVE ENTERTAINMENT AND ONLINE TICKETING MARKETS
Globenewswire· 2026-01-12 12:30
Core Viewpoint - Kustom Entertainment, Inc. has divested its 51% stake in Nobility Healthcare to focus on its live event production and online ticketing business, reflecting a strategic shift towards a high-growth market with a $100 billion global addressable market [1][2][8] Group 1: Transaction Details - The sale of the majority stake in Nobility Healthcare was completed for total estimated proceeds of $1.45 million, closing on January 8, 2026 [2] - The transaction included immediate liquidity of $100,000 in cash, $209,501 in debt and working capital credits, and a promissory note of $1,140,499 with 6% interest [5] Group 2: Strategic Shift - The divestiture allows the company to streamline operations and focus exclusively on live entertainment and online ticketing, which is expected to be the primary growth engine [2] - The company aims to control the entire fan experience from ticket purchase to the end of the event, enhancing its service offerings [2] Group 3: Event Expansion - The Country Stampede Music Festival, a key event with a 30-year legacy, will be central to the company's new strategy, serving as a model for scaling event production and ticketing services nationwide [3] - The 2026 Country Stampede will feature a diverse lineup, showcasing a deliberate booking strategy that appeals to various generations and fan bases [4][6] Group 4: Future Outlook - The company is actively seeking to add new accretive businesses and services that align with its focus on live music events and online ticketing, ensuring a lean corporate structure [7] - Management emphasizes the opportunity in the entertainment sector, moving from a regional to a nationwide strategy [8]
Digital Ally Announces Name Change To Kustom Entertainment, Inc., Ticker Symbol Change To “KUST” Reflecting Strategic Pivot To Live Events And Online Ticketing Markets, and Reverse Stock Split
Globenewswire· 2026-01-05 21:20
Core Insights - The company is rebranding from Digital Ally, Inc. to Kustom Entertainment, Inc. to align with its strategic focus on the live event production and ticketing market, which is valued at over $100 billion [1] - A 1-for-3 reverse stock split will take effect, with trading on a split-adjusted basis starting January 8, 2026 [2][3] - The company is expanding its live events portfolio nationally, leveraging the success of the Country Stampede Music Festival as a model for large-scale events [4] Market Overview - The global music industry is projected to grow from $105 billion in 2024 to nearly $200 billion by 2035, despite a slowdown in growth to 6.2% in 2024 from 15.6% in 2023 [5] - Live music is expected to grow at a compounded annual growth rate of 7.2% from 2024 to 2030, driven by demand from millennials and Gen Z [6] Strategic Focus - The company's ticketing platform aims to provide a comprehensive solution for both its events and third-party venues, enhancing the overall fan experience [7] - The CEO emphasized the importance of the name change and the focus on live event production and ticketing platforms to meet the growing demand for in-person experiences [8] Company Information - Kustom Entertainment, Inc. specializes in large-scale music festivals and offers end-to-end event management and ticketing solutions across the U.S., with the Country Stampede Festival being a flagship event [11]
Digital Ally(DGLY) - Prospectus
2025-11-26 02:17
Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 As filed with the U.S. Securities and Exchange Commission November 26, 2025 DIGITALALLY, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Nevada 3663 20-0064269 (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) Digital Ally, Inc. 63 ...
ESE Entertainment Asset Bombee Selected As Exclusive Production Partner for FC Supra, Montreal Soccer Team
Accessnewswire· 2025-10-14 11:30
Core Insights - ESE Entertainment Inc.'s subsidiary, Bombee Global Entertainment Ltd., has been chosen as the exclusive production partner for the launch of FC Supra, a new soccer team in the Canadian Premier League [1][2] Group 1: Partnership and Event Details - The partnership signifies a milestone for Bombee as it expands its support for traditional sports, with the launch event being described as electrifying [2] - FC Supra's president emphasized the importance of local connections and the team's aim to create a new legacy in Quebec soccer [3] - Bombee's involvement in the launch is seen as a significant contribution to the team's history and future projects [4] Group 2: Company Background - Bombee was founded by industry veterans and has played a crucial role in the esports landscape, managing major events like DreamHack [5] - ESE Entertainment Inc. is a global technology company focused on gaming, providing services to video game developers and operating its own esports teams and gaming leagues [6]
ESE Entertainment Asset Bombee Signed as Exclusive Productions Partner with New Era Productions
Accessnewswire· 2025-10-09 11:30
Group 1 - ESE Entertainment Inc. has announced that its subsidiary, Bombee Global Entertainment Ltd., will serve as the exclusive production partner for New Era Productions [1] - Bombee is recognized as a leader in live event production and broadcast services [1] - New Era Productions is identified as one of North America's fastest-growing boxing and live entertainment promotion companies [1]