3 Dec 2020 09:00
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3rd December 2020
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Iconic Labs Plc ("Iconic Labs" or the "Company") announces new contracts for JOE Media worth more than £750,000
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Iconic Labs Plc (LSE:ICON), a multidivisional new media and technology business, today announces that in the course of providing its services through the management services agreement with JOE Media, it has secured a number of new contracts for JOE Media, for the production and distribution of bespoke social content. The contracts are with clients in a number of sectors including gambling, video games, online music streaming are in excess of £750,000 and have all commenced in Q4 2020.
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Under the management services agreement, the Company now manages all commercial aspects of the JOE and Her media businesses in the UK and Ireland. The Company receives a monthly retainer fee of £100,000 plus external costs and will also receive 25% of all profits if certain revenue and profit targets are met.
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**ENDS**
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For further information, please visit the Company's website www.iconiclabs.co.uk or contact:
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Damon Heath
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Shard Capital Partners LLP
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Tel: +44 (0) 20 7186 9950
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Iconic Labs ir@iconiclabs.co.uk
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