Vinyl Group acquires Time Out Australia for nominal sum
Vinyl Group (ASX:VNL), an adaptive media and music technology company, announced a definitive agreement to acquire Time Out Australia from Time Out Group for nominal consideration.
The transaction involves purchasing the entire issued share capital of Print & Digital Publishing, granting Vinyl Group full ownership and operational control of the iconic urban culture brand across all digital platforms, social media, and events within the Australian market.
To fund the integration and accelerate growth, Vinyl Group has completed a $2.4 million capital placement backed by strategic investors, including an existing Top 10 shareholder and further institutional support.
In tandem with the acquisition, Vinyl Group has entered into a long-term franchise agreement with Time Out England.
Under the arrangement, which features an initial five-year term and automatic annual renewals, the UK-based parent company will receive ongoing revenue royalties and annual minimum guarantees.
The move bolsters Vinyl Group’s digital footprint, expanding its national internet audience reach to approximately 55% of Australians, according to Ipsos iris data.
By adding these premium cultural digital assets—renowned for coverage across food, travel, entertainment, and city discovery—Vinyl Group establishes itself as a leading partner for international brands looking to maintain a strong presence in Australia.
The acquisition is structured to be earnings accretive in FY27, with Time Out Australia already operating profitably and expected to contribute positively to Vinyl Group’s EBITDA on a pro forma basis.
