- Following StubHub’s recent IPO valuation, SEGG Media highlights its recent acquisitions in the booming live entertainment and ticketing industries
- SEGG Media announced a global partnership with Dods Diving League (“DDL”) to deliver not only competitions, but also original content and interactive features to engage fans
- A recent Noble Capital Markets report gave SEGG Media an Outperform rating and a $20 price target, which values the company over $100 million
SEGG Media (NASDAQ: SEGG, LTRYW), a sports, entertainment and gaming company, recently highlighted its acquisition of Concerts.com and TicketStub.com.
This came after StubHub priced its IPO at $23.50, giving the company a nearly $9 billion valuation at the time, a figure that has since retreated, but initially drew plenty of eyes to the ticket exchange, live entertainment, and ticket resale industries.
The global live entertainment industry, as well as primary and secondary ticketing markets, are booming, and with SEGG Media recently acquiring a 51% controlling stake in DotCom Ventures Inc., the company that owns Concerts.com and TicketStub.com, it positions itself to capitalize on this growing market.
The company confirmed that it’s working on updating both sites, to turn them into a state-of-the-art, user-friendly, and fan-centered platform and ticketing experience.
The Chairman, President, and CEO of SEGG Media, Matthew McGahan stated that “StubHub’s $9 billion IPO move demonstrates the extraordinary value being placed on ticketing platforms by Wall Street. Our acquisition of Concerts.com and TicketStub.com was timely, strategic, and forms part of a wider vision to build an integrated live-entertainment ecosystem that combines ticketing, streaming, and sports media.”
In addition to highlighting these sites, SEGG Media recently announced a global partnership with Døds Diving League (“DDL”), which is the global platform for one of the world’s fastest growing extreme sports, which is all about leaping from impressive heights in style.
Sports.com Studios Ltd., the sports content subsidiary of SEGG Media, is managing the partnership, and it’s set to bring the excitement of the DDL to millions of fans across the globe.
SEGG Media becomes the global distribution partner for DDL events, and the company will also develop original content about the sport and create interactive features and content to engage fans and the global audience.
The moves the company is making are being noticed, as a recent Noble Capital Markets report gave SEGG Media an Outperform rating and a valuation over $100 million, which is more than four times SEGG Media’s current market cap. The report also gave the company a price target of $20 and cited the company’s impressive portfolio of brands and it’s Boca Raton Sports Complex as the assets that served as the foundation of this high valuation. It also points to the acquisitions and investments that the company has made, as well.
McGahan spoke on this report and stated “Independent analysis now confirms what we’ve been building: SEGG Media is dramatically undervalued relative to its assets and growth pipeline. With Sports.com, Lottery.com, and Concerts.com, we’ve created a solid three-pillar foundation, and as acquisitions close, we see significant upside in shareholder value.”
SEGG Media Corporation is a global sports, media, and gaming organization that seeks to connect fans to the games and experiences they love and create unforgettable experiences. It owns a portfolio of several digital assets like Sports.com, Lottery.com, Concerts.com, and others.
For more information, visit the company’s website at SEGGMediaCorp.com.
NOTE TO INVESTORS: The latest news and updates relating to SEGG are available in the company’s newsroom at https://ibn.fm/SEGG
