Aura FAT Projects Acquisition today filed an investor presentation on its proposed merger with Allrites, a global B2B content marketplace.
Singapore-based Allrites owns proprietary Content as a Service (“CaaS”) technology for film & TV content rights for buyers, including established and emerging broadcasters and streaming platforms and sellers such as major studios, independent producers and production companies around the world.
The deal puts Allrites’ enterprise value at around $92 million, with a potential earnout of up to $18 million over two years if certain revenue targets are met.
According to a PwC report, the global entertainment and media (“E&M”) industry’s revenues will approach US$3 trillion in revenues by 2026 and is expected to expand at a CAGR of 6.34% from 2022-2027, reaching US$3.34 trillion by 2027 according to the Global Entertainment and Media Market 2023 report.
Aura FAT Projects raised $115 million in an April 2022 IPO. Read more.
