Business
Gay Star News Relaunch
Gay Star News Relaunch.
About this update from Iconic Labs Plc
[{"type":"text","content":"\n \nRNS Number : 6245B Iconic Labs PLC 31 January 2020 \n\n31 January 2020 \nIconic Labs Plc (\"Iconic Labs\" or the \"Company\")\nGay Star Relaunch & Final Negotiations on First GSN Contract\n \nIconic Labs Plc (LSE:ICON), a multi-divisional new media and technology business, is pleased to announce that it has relaunched leading LGBTI community platform, Gay Star News ('GSN').\n \nGSN, which has been rebuilt and rebranded, already attracts over one million people each month. News articles are now being published regularly on GSN and revenue is being generated via display advertising, which is priced on a cost per impression basis (CPM). Industry standards for average CPM adverting rate are dependent on many variables including device, type and genre of content, and time of year. \n \nThe Company has received significant interest in branded content partnerships for GSN and the new rebranded website has meant that GSN is in final negotiations with a partner for its first branded content campaign.\n \nGSN is currently in the top three of LGBTI publishers in the UK and focusses on creating content on news topics both within the LGBTI community and general news. It has a strong social presence on Facebook boasting over 800,000 followers, the support from a strong celebrity base and has pioneered campaigns and events which have had global exposure. GSN will continue to serve the LGBTI community but is inclusive to everyone. \n \nGSN's platforms and content generation fit with the Iconic Labs business model of developing content and distribution channels for targeted influential audiences. \n \nGSN was acquired by Iconic Labs for £33,000 in September 2019 as part of the Company's strategy to build critical mass and in particular expand its proprietary targeted distribution channels that can be utilised under the Iconic Labs brand offering. GSN generated over £500,000 in revenue last year, which the Iconic team believes they can significantly improve on through their experience and application of their expertise in the new media space.\n \nThe Company will provide further updates around the operations of GSN and its first prospective contract.\n \nChief Executive Officer, John Quinlan, said: \"We are delighted to relaunch GSN. The ability of GSN to already g...