Brasil
PLAYMAKER ANNOUNCES ACQUISITION OF LEADING BRAZILIAN DIGITAL MEDIA AND MARKETING GROUP FUTMARKETING
Futmarketing Bolsters Soccer-Related Editorial Content Across Playmaker and Supercharges Audience Growth In Key Market; Immediately Adds Over 60 Million Social Media Followers
Playmaker Capital Inc. (TSXV: PMKR; OTCQX: PMKRF) (“Playmaker”), the digital sports media company that delivers authentic content experiences through its portfolio of sports media and technology brands, announced today the expansion of its media ecosystem with the acquisition of Futmarketing, a top digital media and marketing group in Brazil and a trusted editorial consultant to soccer platforms throughout Latin America. Playmaker subsidiary, Futbol Sites, will manage the day-to-day operations of Futmarketing.
Futmarketing has been a leader in Brazil’s digital sports media market for more than five years through a portfolio of social media channels as well as web property, Antenados no Futebol. Moreover, Futmarketing has played a pivotal role in establishing Futbol Sites brand, Bolavip, as the go-to source for soccer news and analysis in Brazil. Futmarketing will significantly strengthen Playmaker’s competitive positioning in Brazil, an important market for growth as online sports betting is planned to go live in the region in 2022.
Futmarketing currently operates 82 Facebook fan pages, 22 Facebook groups, 16 Instagram accounts, and one Twitter account that in aggregate attract more than 31 million followers. Among the standout digital platforms is Antenados no Futebol, a wholly-owned Brazilian sports news portal that specializes in Brazilian soccer content. The company also has a partner network of 210 affiliated social media accounts that reach an additional 32 million followers.
“We are delighted to welcome Futmarketing and its outstanding team to the Playmaker and Futbol Sites family,” commented Federico Grinberg, CEO of Futbol Sites, a Playmaker brand. “Futmarketing guarantees us high-quality standards in terms of editorial production and social media management, as well as an incremental reach that will further strengthen our position as the largest digital sports media group in terms of audience in Latin America.”
“I cannot say enough about how happy everyone at Futmarketing is to be joining Playmaker, and building on our partnership with Futbol Sites,” commented Ibson Junior, CEO of Futmarketing. “We are flattered to become part of the Playmaker and Futbol Sites family and feel confident that there is no better place for us to be right now. We believe in Playmaker, its goals and its purpose, and our team will continue to elevate the Playmaker and Futbol Sites brand platforms to maximize audience reach.”
TRANSACTION DETAILS
Pursuant to the terms of a purchase agreement dated December 27, 2021, Playmaker acquired 100% of Futmarketing for aggregate consideration of US$4.1 million. The purchase price consideration consisted of (i) a cash payment of US$845,000 at closing and a deferred cash payment of US$125,000 on the second anniversary of closing, (ii) a cash payment of US$30,000 within 10 days after certain marks for digital assets are transferred to Playmaker, (iii) the issuance of US$500,000 of Playmaker common shares (the “Playmaker Shares”) on closing, priced at CAD$0.70 per Playmaker Share and (iv) up to a maximum of US$2.6 million in the form of an earn-out, payable to the sellers upon Futmarketing achieving certain performance related targets over the period beginning on December 1, 2021 and ending on June 30, 2024.
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BETWINNER
BetWinner Enters into Partnership with ESPN Brasil’s SportsCenter
BetWinner has entered into a partnership with ESPN’s flagship program SportsCenter, a daily national and international sporting events highlights show, to increase its footprint in Brazil.
The four-month partnership will see BetWinner’s imagery and QR code appear in the Sportscenter programs.
Gustavo Hiroshi, country manager at Betwinner in Brazil, said the deal shows how it has significantly increased its footprint in Brazil.
“We are very pleased to close an agreement with ESPN channels,” Hiroshi said. “That our brand will appear in the Sportscenter programs for a period of four months and is a reflection of our growth in Brazil.”
He added that this ongoing focus on Brazil will also see the operator hire more staff to deal with the country.
“This will also be reflected in future hiring in the area of human resources to operate in the country,” Hiroshi said.
João Vaz, Director of Public Relations at Betwinner, added that the operator was looking forward to announcing further partnerships in the near future.
“Our desire is to bring entertainment to people through sport and this partnership represents Betwinner very well, as the SportsCenter dialogues with lovers of various sports. It is only the beginning of several initiatives and partnerships that we are planning for the Brazilian market,” Vaz said.
“This is all only possible thanks to the support that we have received from our Brazilian customer base,” Vaz added.
Sports betting is not yet regulated in Brazil, but the country has worked to create a framework for the vertical since 2018, when then-president Michel Temer ratified legislation that paved the way for the country’s National Congress to implement regulations.
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