ASX-listed music and media company Vinyl, which has grown quickly by buying publishers, is looking for more acquisitions.
CEO Josh Simons told shareholders at the company’s AGM the plan is to acquire niche and international publishers exiting the market.
This would mean adding one to two mastheads in Australia in the next 12 months.
Vinyl Media was launched in February this year.
The company has been on the acquisition trail since it closed the purchase of The Brag Media, which includes licensed titles Rolling Stone Australia and Variety Australia, in early 2024.
And acquisitions include Concrete Playground, a digital city guide that curates events, experiences and trends in Sydney, Melbourne, Brisbane, Auckland and Wellington.
The company also recently executed a licensing and representation deal to bring women-focused lifestyle media brand Refinery29 back to Australia. It had been part of the now defunct Pedestrian Group at Nine.
Vinyl reported September quarter revenue up 37% with the December quarter seasonally “strongest” of the year.
Vinyl closed the financial year to June with revenue up 190% to $14.4 million, and is on track to be cash flow positive in the December quarter.
A slide from the AGM presentation:
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