Ted Farnsworth Vincent Butta Singapore city Singapore Entertainment social Music Ted Farnsworth Vincent Butta Singapore city Singapore

Ex-MoviePass Chair's Zash to Acquire Singapore Video-Sharing Network Lomotif

hollywoodreporter.com

Zash Global Media and Entertainment, co-founded by former MoviePass chairman Ted Farnsworth, has struck a definitive agreement to acquire a majority stake in Lomotif, a Singapore-based video-sharing social networking platform a la TikTok that encourages users to "turn your favorite moments into a music video." Financial details weren’t disclosed.

Zash, which was also founded by early Musical.ly (now TikTok) investor Jaeson Ma and Vincent Butta, who sits on the board of social media platform Triller, operates a social influencer platform and wants to develop "an evolved network of synergetic companies working together to disrupt the media and entertainment industry." It expects to close the Lomotif deal concurrently with its previously.

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