M&A
confidence high
sentiment positive
materiality 0.85
CEO update: Big Village acquisition adds ~$50M revenue, $72M assets to Bright Mountain
Bright Mountain Media, Inc.
- Acquired Big Village's Insights and Agency divisions in April 2023; adds ~$50M annualized revenue vs. $19.6M in 2022.
- Pro forma combined assets over $72M as of March 31, 2023.
- Big Village is a licensed and accredited market research firm; enhances data insights and creative media capabilities.
- CEO cites privacy regulation shift as opportunity; global digital ad spending forecast $626.9B in 2023, growing 10% annually.
- Company positions as a complete media solutions provider with publishing, creative, data, and technology.