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( MENAFN - Newsfile Corp) Toronto, Ontario--(Newsfile Corp. - December 19, 2024) - Vertiqal Studios Corp. (TSX: VRTS) (OTCQB: VERTF) (FSE: 9PY0) (the "Company" or "Vertiqal Studios") - Vertiqal Studios, North America's largest owner of gaming and lifestyle social media channels, is pleased to announce a collaboration with viral Nation Inc. ("Viral Nation"), a global leader in influencer marketing and technology solutions. The collaboration is set to amplify Vertiqal Studios' growth and further bolster its offerings through strategic acquisitions, revenue-sharing arrangements, and co-production initiatives. Vertiqal Studios Acquires High-Performing Instagram Channels Vertiqal Studios and Viral Nation have entered into an asset purchase agreement (the "APA") dated December 19, 2024 pursuant to which Vertiqal Studios has acquired four high-performing social channels from Viral Nation, adding 1,773,000 followers to Vertiqal's 52,000,000-person audience, 73% of which live in the United States. These channels complement Vertiqal Studios' already robust portfolio of 130+ social media channels across Snapchat, Instagram, and TikTok. This acquisition further cements Vertiqal Studios' status as one of the most dominant strategy, creative, and distribution entities in the digital media landscape, with the addition of these new channels being accretive to the overall value of Vertiqal's content distribution network. Under the APA, Vertiqal Studios acquired ownership of the Instagram channels and all ancillary assets and contracts in exchange for an aggregate consideration of US$150,000 payable as follows: (i) US$50,000 paid in cash on the closing of the acquisition; and (ii) US$100,00 paid through the issuance of 5,737,200 common shares in the capital of the Company at a deemed price of $0.025 per common share at an exchange rate of US$1 ~ C$1.4343. All securities issued in connection with the APA are subject to a four-month plus one day hold period from the date of issuance and resale rules of applicable securities legislation. The APA remains subject to final approval from the Toronto Stock Exchange. Revenue-Sharing Model to Maximize Monetization The APA also establishes a co-selling arrangement featuring a revenue-sharing model, where Vertiqal Studios will receive 70% of the revenue generated, and Viral Nation will receive 30% for media driven by Viral Nation through Vertiqal Studios' owned and operated channel network. This innovative revenue-sharing strategy will enable both companies to streamline media sales operations while maximizing profitability and market reach. By combining their expertise and resources, this collaboration enhances value for both brands and advertisers. Leveraging Viral Nation's Cutting-Edge Technology Viral Nation has agreed to provide Vertiqal Studios a license to its comprehensive suite of technology solutions, aiding them in delivering enhanced media sales strategies and results for their clients. With access to these tools, Vertiqal Studios can implement smarter analytics, improved campaign optimization, and connect more effectively with audiences. This partnership strengthens Vertiqal Studios' position as a leader in creative and innovative marketing solutions. Co-Producing Original Content The two entities will also co-produce original content for distribution across their respective channels and platforms. By combining their creative expertise and leveraging their expansive networks of both channels and creators, Vertiqal Studios and Viral Nation aim to deliver impactful and engaging content that resonates deeply with Gen Z and Millennial audiences. This collaboration is expected to set new benchmarks for quality and innovation in digital storytelling, further broadening both companies' influence in the content creation space. A Key Milestone for Vertiqal Studios This collaboration represents a pivotal moment in Vertiqal Studios' growth trajectory. By acquiring these Instagram channels, integrating advanced technology, and collaborating on original content, Vertiqal Studios is positioning itself as an even more influential force in the social media landscape, with diversity across platforms. The collaboration with Viral Nation solidifies Vertiqal Studios' status as one of North America's largest owners of gaming and lifestyle social media channels. This strategic alliance underscores Vertiqal Studios' commitment to continuous growth and innovation, further expanding its influence in the ever-evolving digital media ecosystem. "This collaboration with Viral Nation is a major milestone in Vertiqal Studios' journey to redefine how brands engage with audiences in the digital age," said Max Desmarais, President of Vertiqal Studios. "I've always had immense admiration for Joe Gagliese and Mat Micheli at Viral Nation and the incredible company they've built. Their vision and leadership have set a benchmark in the influencer marketing and technology space, and this partnership is a testament to the shared values and innovative spirit that unite our two organizations. By acquiring these Instagram channels, integrating Viral Nation's technology, and collaborating on original content, we're positioned to set new standards for excellence in social media marketing." Joe Gagliese, Co-CEO of Viral Nation, added, "We're thrilled to partner with Vertiqal Studios to drive innovation and growth in the social media ecosystem. This collaboration brings together two leaders in the digital space to create opportunities for brands and creators alike." This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act "), or the securities laws of any state of the United States and may not be offered or sold within the United States (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements. About Vertiqal Studios Vertiqal Studios, owners of one of North America's largest gaming and lifestyle networks on social media, is a digital strategy, creative, and distribution holding company. The Company specializes in the creation and distribution of viral videos for brands and advertisers to create always-on digital strategies that live authentically in Gen Z and Millennial culture. Vertiqal Studios partners with leading brands to develop strategic solutions, creative ideation, and content production, while also providing distribution and amplification through its owned & operated channels - all delivered with boutique, white-glove service. Its expertise lies in managing over 130 channels across TikTok, Instagram, and Snapchat, while producing over 100+ pieces of content a day for a growing audience of 52 million-plus followers. By having such robust ownership of culture and communities on social, Vertiqal Studios provides innovative advertising solutions for brands such as RBC, Samsung, White Castle, Coca-Cola, ESPN, Chili's, and more. For more information and to join our email subscriber list for direct press releases and newsletters, visit . About Viral Nation Viral Nation is a global leader in social media innovation, uniting powerful marketing services, proprietary technology, and creator representation. Founded in 2014, Viral Nation evolved to fuel cultural resonance and predictable growth for brands through a social-first approach. The company's belief that creators and social communities are the new media of today and tomorrow steers world-class services, which include influencer marketing, community management, social content production, social strategy, and a talent representation agency. Viral Nation's creator intelligence technology, CreatorOS, and AI-powered brand safety solution, Secure, allow the company to maximize creator partnerships while safeguarding brand reputation. Viral Nation powers global growth for brands like e.l.f. Cosmetics, Audible, A24, The Coca-Cola Company, MGM Resorts International, Microsoft, Meta, Tencent, Vivid Seats, Zillow, and Walmart, redefining how brands engage and thrive in an ever-evolving digital world. For more information, please visit and follow Viral Nation on LinkedIn , X , Instagram , YouTube , and TikTok . For media inquiries, please contact: Jon Dwyer Chairman and Chief Executive Officer +1 (416) 627-8868; Email: ... ; Investor Relations Email: ... Forward-Looking Information This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. The forward-looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information since no assurance can be given that they will prove to be correct. Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement. To view the source version of this press release, please visit SOURCE: Vertiqal Studios MENAFN19122024004218003983ID1109014417 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
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According to local news reports, Iran has begun producing its own parts for its airlines’ aircraft as it attempts to mitigate the impacts of Western sanctions. The Iranian aviation fleet is of considerable age, and the availability of spare parts for them is already limited. Over the years, sanctions have been imposed, lifted and imposed once more against Iran and its civil aviation industry, having a major impact on safety and overall operational performance. Quick Links Domestic aircraft parts A brief history: Iran’s sanctions story over the last 15 years Reasons behind recent sanctions The humanitarian consequences of these sanctions A difficult decision: why did the US sanction Iran’s aviation industry? Domestic aircraft parts According to Iran’s Tasnim News , the country has begun manufacturing its own Airbus and Boeing aircraft parts. In an interview with the news agency, the country’s Civil Aviation Organisation Head, Hossein Pourfarzaneh, said the following: "Given the issues of sanctions against Iran in the aviation industry, a plan was made to localize aircraft engine parts. Accordingly, with the cooperation of MAPNA, the process of reverse engineering and localization of Boeing and Airbus aircraft engine parts was implemented in the country over a 9-year period. In this way, Iran has been able to obtain the technology to manufacture important parts for the aviation industry." Pourfarzaneh was appointed to his current position in September. Ch-aviation data shows that 158 Airbus and Boeing aircraft are registered in the country, across a variety of airlines. The summary table below shows more details. Aircraft Number A300 20 A310 14 A319 6 A320 26 A321 6 A330 2 A340 15 Total Airbus 89 B707 7 B737 52 (of which none are beyond the -500 variant) B747 10 Total Boeing 69 As Simple Flying has reported previously, a country manufacturing its own spare parts for Western-made aircraft in the face of sanctions is not an entirely new phenomenon. In November 2023, we noted that Russia’s Aeroflot wanted to replicate parts to continue operating its Airbus and Boeing planes . More recently, it emerged that five cargo Boeing 737 aircraft were being purchased from lessors to be scrapped and used for spare parts for Aeroflot’s low-cost subsidiary Pobeda Airlines. Almost 80% of Russia's civil fleet was built in the West. A brief history: Iran’s sanctions story over the last 15 years On October 14, the Council of the European Union announced sanctions against three Iranian airlines in response to their transport of weapons in support of Russia’s war against Ukraine. This was not the first time that the bloc decided to impose sanctions on the aviation industry in Iran: prominently since the 1979 Iranian revolution, several international sanctions (whether comprehensive or targeted) have impacted the country’s aviation industry. Most recently, this included restrictive measures imposed by the UN Security Council in 2008 and 2010, ordering that Iran Air cargo aircraft be inspected by member states. In July 2010, the European Union banned Iranian carriers from operating to EU airports, which was later lifted. In 2011, the United States unilaterally imposed economic sanctions on Iran Air , notably prohibiting the sale of spare parts and commercial aircraft itself and banning US companies from doing business with the carrier. It is worth noting that these sanctions have almost always had an impact on all Iranian airlines as well. This was lifted in 2016 after the establishment of the Joint Comprehensive Plan of Action (JCPOA) under President Barack Obama, also known as the Iran nuclear deal. This paved the way for aircraft orders by Iran Air, previously inaccessible as aircraft made up of more than 10% American parts required US approval- which Iran did not have. The 2011 sanctions meant Boeing planes were off the table, but also those manufactured by Europe’s Airbus due to the quota of American-made parts. Iran Air placed an order with Boeing for 80 aircraft in December 2016, and with Airbus for 100 the same month (initially committed to in January). After three Airbus deliveries, the order was canceled as Iran Air was blacklisted once more in November 2018. Reasons behind recent sanctions Focusing on the recent cases, we can identify several targeted sanctions (imposed specifically on high-value targets for acting on behalf of the local government) -take the latest EU sanctions as an example- and to some extent, comprehensive sanctions as per the US case in 2011. These concern the use of Iran’s aviation industry for means that support the proliferation of weapons of mass destruction, sending soldiers in support of problematic regimes, as well as the hijacking of these airlines for use by the Islamic Revolutionary Guard Corps (IRGC) for transporting weapons to countries that have violated international norms (such as Russia). The primary objectives included limiting the military capabilities of either targeted or third-party countries with which the target deals, while secondary aims cover deterrence in all cases, dissuading other countries from hijacking their industries in the same way. They were unilateral in the US cases – with wide-ranging consequences including limiting possible Airbus aircraft orders in Europe- and regional in the EU case. The humanitarian consequences of these sanctions Looking at the consequences of these sanctions, there are several angles of analysis. Firstly, the recent sanctions have most certainly misfired, that is, they have had negative humanitarian side effects. A lack of access to Western parts due to US sanctions has meant that Iran’s aviation industry has had to make do with what it has. This could be through manufacturing its own spare parts or grounding aircraft indefinitely to use them for spare parts. Sanctions have also meant that the amount of qualified technical support for existing planes has dramatically decreased. Get all the latest aviation news right here on Simple Flying Several accidents have occurred over the last two decades, often with the primary or contributing factors cited as inadequate training, access to simulators (limited by sanctions), and poor maintenance of onboard systems. They have also somewhat backfired, allowing Iran to argue that the West is against the country’s development and in the US case is not standing by its commitments as part of the nuclear deal. It follows a certain discursive strategy by authoritarian regimes to counter sanctions through reference to the outsiders’ imperialism. It can also be a case of shooting in the foot as the aircraft deals for Boeing and Airbus were worth more than $40 billion at list prices, combined. A difficult decision: why did the US sanction Iran’s aviation industry? The Iran aviation industry case represents an example of selectivity issues with sanctions, especially when it came to the US’ measures in 2018. The first option for the US was to block the sales of aircraft completely (which it did) although this reinforces the aforementioned ideological debate portraying the US as not living up to its nuclear deal relief promises. Iran Aseman Airlines operates a diverse fleet of Airbus, Fokker and ATR aircraft. It also shows European countries that the US’ influence limits business for them, too (Airbus). The other option is to approve the deals while subtly imposing additional restrictions. This, however, would be met with loud complaints from Iran. Foreign pressure therefore has an influence on sanctions cases, as explained through this example. It is particularly relevant in the aviation sector, as by imposing sanctions on an airline, you de facto limit the movement of people. In the EU’s latest sanctions, it claimed: The Union does not intend to impede air traffic or people-to-people contacts between the Union and Iran in general. Iran Air was forced to cancel its entire European operation – including flights to London. At the same time, it is true that one-stop flights (typically via Turkey) are also an option for those wishing to fly between Europe and Iran. Given operational challenges in the Middle East, Austrian has suspended its service from Vienna till February 2, while Lufthansa has done the same for its Frankfurt flight which will resume on February 1. Iranian airlines have faced significant challenges for the past four decades.DATA BREACH ALERT: Edelson Lechtzin LLP Is Investigating Claims On Behalf Of Bojangles Restaurants, Inc. Customers Whose Data May Have Been Compromised
Wearable Payments Devices Market to Scale New Heights as Market Players Focus on Innovations 2024-2030 12-19-2024 07:59 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: AMA Research & Media LLP Advance Market Analytics published a new research publication on "Wearable Payments Devices Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Wearable Payments Devices market was mainly driven by the increasing R&D spending across the world. Get Free Exclusive PDF Sample Copy of This Research @ https://www.advancemarketanalytics.com/sample-report/70421-global-wearable-payments-devices-market-1?utm_source=OpenPR/utm_medium=Rahul Some of the key players profiled in the study are: Apple Inc. (United States), Barclays Plc (United Kingdom), Fitbit, Inc (United States), Google, Inc (United States), Jawbone (United States), Mastercard (United States), PayPal, Inc (United States), Samsung Electronics Co. Ltd (South Korea), Visa Inc (United States), Alibaba Group (China). Scope of the Report of Wearable Payments Devices The Wearable Payments device is a normal wearable device integrated with a loaded payment application or in-built software. This device will be linked to a customer's bank account and can be used as a debit card while making a payment to any merchant who accepts contactless tap-and-go payments through a PoS device. Rising urbanization and digitization have increased the demand for wearable devices. The titled segments and sub-section of the market are illuminated below: by Type (Smart Watches, Fitness Tracker, Payment Wristbands, Others), Application (Grocery Stores, Bar & Restaurants, Pharmacies/Drug Stores, Entertainment Centers, Others), Technology (Near-field Communication Technology (NFC), Radio Frequency Identification (RFID), QR & Bar Codes, Others), Sales Channel (Online, Offline) Market Trends: Enhancement in Host Card Emulation Technology in Wearable Payments Opportunities: Upsurge in Integration of Near-Field Communication Technology (NFC), Radio Frequency Identification (RFID) Market Drivers: Rise in Adoption of Cashless Payments due to Digitisation Rise in Demand for Wearable Devices Along with Contactless Payment Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc. Have Any Questions Regarding Global Wearable Payments Devices Market Report, Ask Our Experts@ https://www.advancemarketanalytics.com/enquiry-before-buy/70421-global-wearable-payments-devices-market-1?utm_source=OpenPR/utm_medium=Rahul Strategic Points Covered in Table of Content of Global Wearable Payments Devices Market: Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Wearable Payments Devices market Chapter 2: Exclusive Summary - the basic information of the Wearable Payments Devices Market. Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Wearable Payments Devices Chapter 4: Presenting the Wearable Payments Devices Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis. Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020 Chapter 6: Evaluating the leading manufacturers of the Wearable Payments Devices market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2024-2030) Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source finally, Wearable Payments Devices Market is a valuable source of guidance for individuals and companies. Read Detailed Index of full Research Study at @ https://www.advancemarketanalytics.com/reports/70421-global-wearable-payments-devices-market-1?utm_source=OpenPR/utm_medium=Rahul Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia. Contact Us: Craig Francis (PR & Marketing Manager) AMA Research & Media LLP Unit No. 429, Parsonage Road Edison, NJ New Jersey USA - 08837 Phone: +1(201) 7937323, +1(201) 7937193 sales@advancemarketanalytics.com About Author: AMA Research & Media is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies' revenues. Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enables clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As. This release was published on openPR.