Vinco Ventures to spin-off Emmersive Entertainment.

Vinco Ventures, a selective acquisitions company focused on digital media and content technologies, is set to spin-off Emmersive Entertainment, a developer and publisher of virtual reality entertainment technology and content software. Financial terms were not disclosed. "This is a great opportunity for the shareholders of record on the effective date. The technology that Emmersive continues to develop is I believe industry changing and we felt the best way to ensure the shareholders receive that value is by splitting the two entities and providing the shareholders the proverbial 'two bites of the apple.' We look forward to what Brian and the team can build and have full confidence in their ability to execute," Christopher Ferguson, Vinco CEO.