One Digital Entertainment has announced the formation of New Media Holding - a holding company that will oversee the operations of its brands in the digital media space.
The move comes as a part of the company's efforts to streamline its global operations, bring more synergies between its businesses and strengthen its positioning as a full lifecycle media company.
Under New Media Holding, the company will consolidate the operations of brands including One Digital Entertainment Creator Network, Instant Bollywood, Social Nation, OneAxcess, Pod One, Merch Garage, Digital 2 Sports, Space Hero, Being Indian, Blush, Zenga Media and StreamBay, among others.
In addition to consolidating its existing brands, it will also launch a new venture called Neoma Ventures that will focus on developing technology in the Web 3.0 space. This includes launching Layer 1 blockchain, Hyper real Metaverse, NFT Market Place, and other Web 3.0-based technologies and services.
"By consolidating our brands under New Media Holding, we will be better equipped to scale our global operations and move towards fulfilling our vision as a truly global full lifecycle media company," said Shabir Momin, Founder of New Media Holding.
The company has recently launched in the MENASA region to expand its operations and serve its growing business in the region.