Companies to pursue revenue opportunities from digital likenesses of iconic brands
New York, NY, Feb. 11, 2020 (GLOBE NEWSWIRE) -- Facebank Group, Inc. ( FBNK), a leading digital human technology company focused on the development, protection and activation of digital likeness assets for celebrities and consumers, and Authentic Brands Group (ABG), a global brand development, marketing and entertainment company, today announced a joint business development agreement to pursue and share revenue opportunities from the digital likenesses of ABG-owned icons, including Muhammad Ali, Elvis Presley and Marilyn Monroe. Under the agreement, Facebank and ABG will collaborate to identify opportunities to license Facebankās photo and hyper-realistic, computer-generated technology to third-parties and bring ABGās iconic intellectual properties to life.
āPartnering with ABG provides us with a unique opportunity to show how we can drive new revenue streams for the estates of icons like Ali, Marilyn and Elvis, but also a new world of possibilities for living celebrities to leverage their digital likenesses for commercial and creative opportunities,ā said John Textor, CEO of Facebank. āUltimately, our goal is to demonstrate that everyone in todayās āselfie-driven cultureā ā not just celebrities ā can have fun with their faces across the dozens of uses in personal productivity, games and social media. This collaboration with ABG helps advance the mission of Facebank.ā
āFor many years ABG has admired Facebankās leadership team for their ability to look towards emerging digital trends and we are excited to collaborate with them with some of the most recognizable icons of all time,ā said Dan Dienst, Executive Vice Chairman of ABG.
Facebankās computer generated assets can be distributed across the full spectrum of traditional media and emerging display technologies, including live entertainment, virtual reality, augmented reality, mobile, interactive and artificial intelligence applications.
ABOUT FACEBANK
Facebank Group, Inc. ( FBNK) is a globally recognized developer of hyper-realistic digital humans. The company is focused on the development, protection and activation of the personal digital likeness assets of celebrities and consumers, for use in artificial intelligence, entertainment, personal productivity and social networking. By pursuing strategic acquisitions, Facebank aims to become the global leader in the digital human industry with the largest intellectual property portfolio of the worldās faces. The company is based in [Jupiter, Florida] [New York, New York]. More info can be found at www.Facebankgroup.com.
About Authentic Brands Group
Authentic Brands Group (ABG) is a brand development, marketing and entertainment company, which owns a portfolio of global media, entertainment and lifestyle brands. Headquartered in New York City, ABG elevates and builds the long-term value of more than 50 consumer brands and properties by partnering with best-in-class manufacturers, wholesalers and retailers. Its brands have a global retail footprint in more than 100,000 points of sale across the luxury, specialty, department store, mid-tier, mass and e-commerce channels and more than 5,000 freestanding stores and shop-in-shops around the world.
ABG is committed to transforming brands by delivering compelling product, content, business and immersive experiences. It creates and activates original marketing strategies to drive the success of its brands across all consumer touchpoints, platforms and emerging media. ABGās portfolio of iconic and world-renowned brands generates more than $10 billion in annual retail sales and includes Marilyn MonroeĀ®, Mini MarilynĀ®, Elvis PresleyĀ®, Muhammad AliĀ®, Shaquille O'NealĀ®, Sports IllustratedĀ®, Dr. JĀ®, Greg NormanĀ®, Neil LaneĀ®, ThaliaĀ®, NauticaĀ®, AĆ©ropostaleĀ®, Juicy CoutureĀ®, Vince CamutoĀ®, Herve LegerĀ®, Judith LeiberĀ®, Barneys New YorkĀ®, Frederick's of HollywoodĀ®, Nine WestĀ®, FryeĀ®, Jones New YorkĀ®, Louise et CieĀ®, Sole SocietyĀ®, Enzo AngioliniĀ®, CC Corso ComoĀ®, Hickey FreemanĀ®, Hart Schaffner MarxĀ®, Adrienne VittadiniĀ®, Taryn RoseĀ®, BandolinoĀ®, MisookĀ®, 1.STATEĀ®, CeCeĀ®, ChausĀ®, SpyderĀ®, TretornĀ®, TapoutĀ®, PrinceĀ®, VolcomĀ®, AirwalkĀ®, Vision Street WearĀ®, Above The RimĀ®, HindĀ®, ThomasvilleĀ®, DrexelĀ® and HenredonĀ®.
For more information, visit authenticbrandsgroup.com.
Follow ABG on Twitter, LinkedIn and Instagram.
Investor Contact for Facebank:
Brinlea Johnson, The Blueshirt Group
[email protected]
415-269-2645
Media Contact for Facebank:
Jeff Fox, The Blueshirt Group
[email protected]
415-828-8298
Media Contact for Authentic Brands Group:
Haley Steinberg
[email protected]
(814) 882-2913
Michelle Ciciyasvili
[email protected]
(646) 380-5836
