Vinco ventures thwarts what it believes was a hostile takeover attempt by the farnsworth group

Rochester, ny, july 25, 2022 (globe newswire) -- on july 24, 2022, the board of directors (the “board”) of vinco ventures, inc. (nasdaq: bbig) (“vinco ventures,” “vinco,” or the “company”), a digital media and content technologies holding company, among other things, terminated theodore farnsworth, the former ceo of helios and matheson analytics and chairman of moviepass, as the company's co-ceo less than 72 hours after he was appointed, lisa king as the president of zvv media partners, llc and former ceo of the company, erik noble as the company's chief security officer and any other role, and any and all arrangements between the company and roderick vanderbilt, including as business development director and chairman of the board (mr. farnsworth, ms. king, mr. noble and mr. vanderbilt referred to collectively as the “farnsworth group”). ms. king and mr. vanderbilt still remain members of the board despite having their roles with the company terminated.
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