Bright Mountain Media acquires Big Village Insights & Agency for ~$20M, expects $50M added revenue

Bright Mountain Media, Inc.

Purchase price of approximately $20 million in cash, plus assumed liabilities, funded by senior secured credit facility.
Acquired assets expected to add ~$50 million in annualized revenue and be immediately accretive to 2023 Adjusted EBITDA.
Acquisition includes Big Village's Insights and Agency divisions; expands Bright Mountain's data-driven insight capabilities.
CEO Matt Drinkwater states deal aligns with long-term growth strategy and provides full spectrum of marketing services.

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