Kustom Entertainment, Inc. (formerly Digital Ally) announced a major corporate rebranding and name change to focus on live event production and online ticketing markets.
The company also implemented a 1-for-3 reverse stock split of its common stock.
Expanding from technology to entertainment, the company aims to deliver world-class experiences in the live entertainment sector.
Strategic Pivot
Focused shift from technology to live entertainment and event ticketing markets.
Reverse Stock Split
1-for-3 reverse stock split to adjust the common stock shares.
National Expansion
Scaling live events nationwide, building on the success of the Country Stampede Music Festival.
Market Growth Potential
Analysts predict strong growth in the ticketing and live events market, with global revenues expected to reach $200 billion by 2035.
- The company's name change and strategic focus align with the booming demand for live entertainment experiences.
- With the ticketing and live events market poised for significant growth, Kustom Entertainment, Inc. is well-positioned to capture a larger market share.
Kustom Entertainment, Inc.'s rebranding and pivot towards live events signify a new chapter for the company, aiming to capitalize on the expanding entertainment industry and enhance shareholder value.