LONDON, UK / ACCESSWIRE / September 27, 2017 / Pro-Trader Daily looks at the latest corporate events and news making the headlines for Zedge, Inc. (NYSE: ZDGE), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=ZDGE. The Company announced on September 25, 2017, that it plans to roll out a marketplace where artists can monetize their creations in late 2017. For immediate access to our complimentary reports, including today's coverage, register for free now at:
At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on ZDGE. Go directly to your stock of interest and access today's free coverage at:
Zedge announced that in order to accelerate the development of this marketplace, the Company has acquired IP assets from Freeform Development, Inc. ("Freeform") and retained several critical members of its team including Tim Quirk, Freeform's co-founder and Chief Executive Officer (CEO). Quirk will assume the position of Senior Vice President of Marketplace at Zedge.
Freeform has been building a distribution platform that musicians and other artists can use to generate revenue by adopting a freemium monetization model, similar to the one utilized by mobile gaming publishers.
About Tim Quirk
Quirk is a pioneering product executive who helped build and launch Google Play and Rhapsody, the first on-demand music subscription service. The other co-founder of Freeform, Bryan Calhoun, who will also be joining the Zedge Marketplace team, has a successful background in managing digital strategy for multi-platinum artists, from early initiatives for Kanye West to ongoing work with Lil Wayne, Nicki Minaj, G-Eazy, The Roots, and many others.
About the addition of the Freeform team to Zedge Marketplace's team, Tom Arnoy, CEO and co-founder of Zedge, said:
"Zedge has long been the place to go to for user-generated mobile personalization content and now we are making Zedge the ultimate platform for amateur, semi-professional, and professional artists who want a path to distribute and monetize their content. With the addition of the Freeform team, we look forward to launching a marketplace built specifically for artists and creators of digital content. This is a great opportunity for Zedge - allowing us to both grow our customer base and introduce new revenue streams with compelling content."
Quirk noted that by putting artists' work in front of Zedge's more than 31 million monthly active users, it will provide artists a variety of paths to monetize their creations. He further added that Zedge's well-respected brand and mass-market popularity will give the ingredients to help creators make a living by making art and helping fans find the art that speaks to them.
About Zedge, Inc.
Zedge provides a highly popular app centered on self-expression and pairing both creators and brands looking to promote their content with consumers who utilize the content – wallpapers, ringtones, app icons, and notification sounds – to personalize their phones. The Zedge app has surpassed 260 million installs globally and is available in both Google Play and iTunes stores.
Last Close Stock Review
On Tuesday, September 26, 2017, the stock closed the trading session at $1.94, climbing 1.04% from its previous closing price of $1.92. A total volume of 1.90 thousand shares have exchanged hands. Zedge's stock price rallied 6.01% in the last one month. The stock currently has a market cap of $18.59 million.
Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: (917) 341.4653
Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Pro-Trader Daily