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Web3 Entertainment Company Orange Comet Acquires Entertainment Tech Firm Mint State Labs

Dec 22, 2022•over 2 years ago

Acquiring Company

Orange Comet

Acquired Company

Mint State Labs, Inc.

Los AngelesValenciaInformation TechnologyInformation Technology

Description

Orange Comet, Inc., a leading web3 entertainment company, today announces its acquisition of Mint State Labs, an entertainment and gaming technology provider that helps creators easily build, distribute and market blockchain-powered experiences. With a goal to continue blurring the lines between the real and virtual worlds, Orange Comet is competitively positioned as a leading player in the ever-evolving web3 landscape as the company continues to lead the charge in ushering in a new era of entertainment to the metaverse.

Company Information

Company

Orange Comet

Location

Los Angeles, California, United States

About

Orange Comet is an industry leading web3 entertainment company, creating premium content along with technology that visually blurs the lines between the real world and the virtual world. We are building communities and developing ecosystems in web3 gaming, digital collectibles and web3 experiences for global audiences and fanbases attached to some of the biggest IP ever created in the world of entertainment, music, arts and culture. Our mission is to lead the charge in web3 entertainment by engaging fans in ways they've never imagined, driven by superb content creation. Co-founded by Hollywood veteran TV and Film producer, Dave Broome, NFL Hall of Famer Kurt Warner, and Grammy award-winning music icons Gloria and Emilio Estefan, Orange Comet is powered by a passionate group of people that believe the future of entertainment and media is on the verge of major disruptive change through a variety of blockchain experiences.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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