3rd December 2020
Iconic Labs Plc (" Iconic Labs " or the "Company") announces new contracts for JOE Media worth more than £750,000
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.
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.
**ENDS**
For further information, please visit the Company's website www.iconiclabs.co.uk or contact:
Damon Heath
Shard Capital Partners LLP
Tel: +44 (0) 20 7186 9950
Iconic Labs ir@iconiclabs.co.uk
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