VINYL GROUP ORD
Vinyl Group Accelerates E-commerce Sales with $1.5m Facility from Major Shareholder Songtradr
Australian music technology and media company Vinyl Group (ASX: VNL) is set to accelerate its e-commerce sales after it secured a $1.5 million revolving line of credit with US business-to-business music platform and Vinyl’s major shareholder, Songtradr Inc. The 24-month facility will provide flexible working capital to support the establishment of rapidly scaling direct-to-consumer vinyl […]
Vinyl Group strengthens digital footprint with $2.3m Serenade acquisition and planned UK expansion
Australia’s only publicly-listed music company Vinyl Group (ASX: VNL) has acquired UK-based Web3 collectibles pioneer Serenade in a $2.3 million deal expected to accelerate the global expansion of its Vinyl.com digital platform. Serenade’s digital marketplace serves more than 200 global artists including Muse, Sum 41 and Twenty One Pilots, while sales of its near-field communication […]