Latest news with #PatrickOgle
Yahoo
07-05-2025
- Business
- Yahoo
Lottery.com Expands Its Global Footprint in Live Entertainment with $10M Acquisition of Concerts.com and TicketStub.com
Acquiring a majority stake in DVI represents a $10 million transaction, comprised of a strategic blend of cash, secured debt, and equity issued at up to $3.00 per share — further validating the strength of the and platform. 'While and are hallmark media brands, we intend to make the trusted ticketing site for fans of all live entertainment. is the perfect third vertical for our business. It will become the ticketing engine for — giving us a unified commerce and content strategy around everything from sports to festivals to immersive experiences.' This strategic investment will form the third foundational pillar of expanding platform — standing alongside and as part of a vertically integrated, multi-channel entertainment business. Together, these brands will create the concrete base of a next-generation ecosystem designed to unify content, commerce, and live experiences under a single global strategy. and are live, operational, and built for scale — delivering real value and revenue potential from day one. The platforms feature: FORT WORTH, Texas, May 07, 2025 (GLOBE NEWSWIRE) -- Inc. (NASDAQ: LTRY, LTRYW), a leading technology company transforming the intersection of gaming, sports, and entertainment, today announced that it has signed a Letter of Intent ('LOI') to acquire a majority stake in DotCom Ventures Inc., a Nevada corporation ('DVI'), together with the premium domain assets and in a transaction valued at $10 million. Story Continues 'Deals like this, which include stock at $3 per share, reinforce the belief in the value we're building with and now, McGahan added. 'This isn't just an acquisition; it's a commitment to a five-year vision, and a statement to the market that we are serious about scaling globally with premium digital assets.' A Long-Term Partnership with a Shared Vision 'Our vision of providing fans with the information and access they need to discover the live events they want can now be realized on a global scale through and said Patrick Ogle, CEO and founder of DVI. 'DVI looked at several other partners over the last year. Ultimately, we knew that these assets belong together, and fans deserve reliable access to a live entertainment platform they can trust. With the backing of and the infrastructure behind we're building more than a platform — we're creating a new standard for how fans connect to live experiences.' Ogle is an entrepreneurial lawyer and digital strategist with more than two decades of experience spanning media, entertainment, and athlete representation. From his early days as an intern at Jerry Bruckheimer Films and Television and Network Music Group, to 20+ years managing the business and legal affairs of athletes and entertainers, Ogle has built a career at the intersection of entertainment and infrastructure. He is a former 15-year member of The Recording Academy, and an active voting member of the Country Music Association. 'Patrick brings more than just the domain — he brings a deep understanding of what this vision can become,' said Gregory Potts, Chief Operating Officer of 'Entering into this LOI is a clear vote of confidence — not just in the value of the brands, but in our collective ability to execute together over the next five years. This is an exciting culmination of a relationship that began in 2023, appropriately, at the Pilgrimage Music Festival in Franklin, TN.' The final transaction will include the assumption of secured notes and a multi-stage stock issuance structure, reflecting alignment and long-term commitment from all parties. Powering the Future of Live Entertainment is being designed not simply as a ticketing platform, but as a fully integrated live events engine. It will serve as the primary processor of access and fan engagement, tying directly into fast-growing live streaming infrastructure. The investment in DVI will include which will operate in parallel as a brand focused on alternative entertainment verticals, including festivals, comedy, esports, and niche lifestyle events. This dual-brand strategy allows for both mainstream and genre-specific ticketing models under the broader umbrella. As part of the short and mid-term roadmap: The brand will integrate with live streaming functionality and real-time access models across all and verticals ambassador network will amplify events across social platforms will power bundled experiences combining tickets + content + streaming Deliver to consumers crossover activations between sports, music, charitable gaming and culture Studios will create proprietary content for Domain Portfolio Strength With the addition of and will hold what it believes to be one of the strongest domain portfolios in the world. With and now the company stands alone in its control of three world-class, category-defining digital assets. 'Very few — if any — companies can claim three domains of this caliber,' said McGahan. 'And we believe the combination of and is without peer in the global digital entertainment space. These assets will anchor the next decade of innovation across content, commerce, and live experiences.' McGahan went on to say that with the addition of these assets, he believes is arguably one of the most exciting investment opportunities on the exchange today. 'This is a unique opportunity to invest in a company with premium global assets and a bold vision for the future of entertainment, gaming and live events.' About The Inc. (NASDAQ: LTRY, LTRYW) family of brands — including and is a unified ecosystem that integrates gaming, entertainment, and sports. Important Notice Regarding Forward-Looking Statements This press release contains statements that constitute 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding the Company's strategy, future operations, prospects, plans and objectives of management, are forward-looking statements. When used in this Form 8-K, the words 'could,' 'should,' 'will,' 'may,' 'believe,' 'anticipate,' 'intend,' 'estimate,' 'expect,' 'project,' 'initiatives,' 'continue,' the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. The forward-looking statements speak only as of the date of this press release or as of the date they are made. The Company cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. In addition, the Company cautions you that the forward-looking statements contained in this press release are subject to risks and uncertainties, including but not limited to, any future findings from ongoing review of the Company's internal accounting controls, additional examination of the preliminary conclusions of such review, the Company's ability to secure additional capital resources, the Company's ability to continue as a going concern, the Company's ability to respond in a timely and satisfactory matter to the inquiries by Nasdaq, the Company's ability to regain compliance with the Bid Price Requirement, the Company's ability to regain compliance with Nasdaq Listing Rules, the Company's ability to become current with its SEC reports, and those additional risks and uncertainties discussed under the heading 'Risk Factors' in the Form 10-K/A filed by the Company with the SEC on April 22, 2025, and the other documents filed, or to be filed, by the Company with the SEC. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the reports that the Company has filed and will file from time to time with the SEC. These SEC filings are available publicly on the SEC's website at Should one or more of the risks or uncertainties described in this press release materialize or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Except as otherwise required by applicable law, the Company disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. This press release was published by a CLEAR® Verified individual. CONTACT: For more information, please visit or contact our media relations team at press@
Yahoo
26-03-2025
- Science
- Yahoo
'Very rare' black hole energy jet discovered tearing through a spiral galaxy shaped like our own
When you buy through links on our articles, Future and its syndication partners may earn a commission. Nearly a billion light-years away, a massive spiral galaxy is screaming into the void. The behemoth, nicknamed J2345-0449, is a giant radio galaxy, or "super spiral" galaxy roughly three times the size of the Milky Way. Like our own spiral galaxy, it harbors a supermassive black hole at its center. But unlike the Milky Way's center, J2345-0449's supermassive black hole emits powerful radio jets — streams of fast-moving charged particles that emit radio waves — stretching more than 5 million light-years long. Though scientists don't yet know what fuels the radio jets, a new study, published March 20 in the Monthly Notices of the Royal Astronomical Society, hints at how giant spiral galaxies could form. Such strong radio jets are "very rare for spiral galaxies," Patrick Ogle, an astronomer at the Space Telescope Science Institute in Baltimore, who was not involved in the study, told Live Science. "In general, they can have weak radio jets, but these powerful radio jets typically come from massive elliptical galaxies. The thought behind that is that to power these really big jets requires a very massive black hole, and one that's probably also spinning. So most spiral galaxies don't have massive enough black holes in the centers to create big jets like this." Related: Supermassive black hole at the heart of the Milky Way is approaching the cosmic speed limit, dragging space-time along with it Data from the Hubble Space Telescope, the Giant Metrewave Radio Telescope, and the Atacama Large Millimeter Array suggest that the radio jets currently prevent stars from forming near the galaxy's center. That's likely because the jets heat up nearby gases so much that they can't collapse into new stars — or push them out of the galaxy entirely. Though both J2345-0449 and the Milky Way are spiral galaxies, it's unlikely that we'll observe these powerful jets in our galactic hometown. "This galaxy is so different from the Milky Way," Ogle said. "It's a lot bigger, and the black hole is a lot more massive." Sagittarius A*, the supermassive black hole at the center of the Milky Way, is likely too small to produce radio jets as powerful as the ones observed in J2345-0449, Ogle told Live Science. Still, studying these rare galaxies could help scientists understand how the growth of supermassive black holes and of their host galaxies are related. Based on the shape of the group of stars at the center of the galaxy, it's possible that this black hole and its massive host galaxy have grown together in relative isolation, rather than gaining their mass from galaxy mergers. RELATED STORIES —Could the secret of supermassive black holes lie in ultralight dark matter? —Supermassive black holes in 'little red dot' galaxies are 1,000 times larger than they should be, and astronomers don't know why —Supermassive black hole spotted 12.9 billion light-years from Earth — and it's shooting a beam of energy right at us In the future, detailed studies of the galaxy's supermassive black hole could also explain what powers its massive radio jets. "The extreme rarity of such galaxies implies that whatever physical process had created such huge radio jets in J2345-0449 must be very difficult to realize and maintain for long periods of time in most other spiral/disc galaxies," the researchers wrote in the study. "Understanding these rare galaxies could provide vital clues about the unseen forces governing the universe," study co-author Shankar Ray, an astrophysicist at Christ University, Bangalore, said in a statement. "Ultimately, this study brings us one step closer to unravelling the mysteries of the cosmos, reminding us that the universe still holds surprises beyond our imagination."
