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6 stories mentioning ASX:VNL

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Asia

Vinyl Group Completes Acquisition of Pedestrian Group From Nine Entertainment Unit

Vinyl Group (ASX:VNL) completed its acquisition of 100% of Pedestrian Group from Nine Digital, a subsidiary of Nine Entertainment (ASX:NEC), according to an Australian bourse filing on Monday after market hours.The transaction was completed for a nominal amount and did not include the issuance of the company shares, the assumption of any debt, or the obligation to make ongoing royalty payments, the filing said.Pedestrian Group will now join Vinyl Media, expanding Vinyl Media's reach across youth, culture, entertainment, and digital media, the filing added.

ASX:NECASX:VNL
Asia

Vinyl Group to Acquire Time Out Australia; Completes Over AU$2 Million Share Placement

Vinyl Group (ASX:VNL) struck a deal to acquire urban culture brand Time Out Australia from the Time Out Group for "nominal consideration," according to a Wednesday filing with the Australian bourse.Vinyl is also entering a long-term franchise deal under which Time Out Group will receive an ongoing revenue royalty rate and annual minimum guarantees with respect of the Australian market. The agreement has an initial five-year term and will be automatically renewed unless terminated.The deal, which is targeted for completion on June 24, comes as Time Out pursues a franchise model for select markets by partnering with established media operators.Time Out Australia is profitable and is expected to contribute positively to Vinyl Group's earnings before interest, taxes, depreciation, and amortization on a pro-forma basis in fiscal 2027, per the filing.Meanwhile, Vinyl Group also completed a AU$2.4 million placement under which it will issue about 44.4 million ordinary shares at AU$0.054 each. The proceeds will be used for integration costs, working capital, and near-term operational initiatives associated with the Time Out Australia acquisition.

ASX:VNL
Asia

Vinyl Group to Acquire Pedestrian Group From Nine Entertainment Unit

Vinyl Group (ASX:VNL) is set to acquire 100% of Pedestrian Group from Nine Digital, a subsidiary of Nine Entertainment (ASX:NEC), in a non-cash transaction structured without scrip issuance or ongoing royalty obligations, according to a Tuesday filing with the Australian bourse.Completion is expected on June 15, after which the company will take full operational control and implement a restructuring projected to contribute around AU$600,000 to AU$800,000 in pro forma earnings before interest, taxes, depreciation, and amortization in fiscal 2027, per the filing.The acquisition broadens Vinyl Media's presence in youth, entertainment, and culture-driven digital media, increasing its reach to about 53% of Australians online, the filing added.

ASX:NECASX:VNL
Asia

Vinyl Group Revises Guidance to Expected EBITDA Positive Run-Rate in Fiscal 2027 H1, Shares Reach Two-Year Low

Vinyl Group (ASX:VNL) revised its guidance to an expected earnings before interest, taxes, depreciation, and amortization (EBITDA) positive run-rate in the first half of fiscal year 2027, with timing impacted by the delayed completion of Val Morgan Digital and the mergers and acquisitions pipeline, according to a Friday Australian bourse filing.It reported cash receipts of AU$4 million in the third quarter of fiscal 2026, up 24% on the prior corresponding period. The Platforms business was up 19% year-over-year, while the advertising market was relatively soft in the March quarter, per the filing.Its shares fell 6% in recent trading on Friday, reaching a two-year low.

ASX:VNL
Asia

Vinyl Group Appoints COO, CFO, Chief Integration Officer

Vinyl Group (ASX:VNL) has appointed Jonathon Oake as chief operating officer, effective immediately, according to a Tuesday filing with the Australian bourse.Oake joins from ByteDance, the owner of TikTok, where he most recently served as global head of publisher operations and solutions.Vinyl also said Chief Financial Officer Jorge Nigaglioni is transitioning into the position of chief integration officer, where he will oversee post-acquisition integration across the group.The company named Michael Globan, who is currently its financial controller, as its new CFO.

ASX:VNL
Asia

Vinyl Group Completes Digital Media Business Acquisition From HOYTS Group Unit

Vinyl Group (ASX:VNL) completed the acquisition of the Val Morgan Digital media business from Val Morgan and Co. (Aust.), a unit of The HOYTS Group, via an asset sale for AU$10.5 million, comprising AU$7 million in cash and AU$3.5 million in shares, according to a Monday Australian bourse filing.A total of 41.8 million ordinary shares were issued at AU$0.0837 per share as part of the deal.The business' assets include partnerships and Australia and New Zealand licences with BuzzFeed Fandom, LADbible Group, and Vox Media, which were novated to Vinyl Group as part of the deal.Vinyl also entered into a cooperation and services agreement with the HOYTS Group unit to cover outdoor and cinema advertising cross-sell capabilities.

ASX:VNL
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