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Kustom Entertainment sells video solutions segment for $5.5M to focus on live events and ticketing growth

Company Fundamentals
25 Jun 2026
GlobeNewsWire
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Bullish
pluang ai news

Kustom Entertainment, Inc. has entered a binding agreement to sell its video solutions division to Cycurion, Inc. for $5.5 million plus 2 million warrants, aiming to fully focus on live event production and online ticketing. This move follows earlier divestitures and a new partnership with Gilley's Park City, expanding Kustom's live music footprint and operational focus. The sale is expected to close in July 2026 and supports Kustom's strategy to grow its live entertainment and ticketing business in a $100 billion global market. The company also announced the relocation of its Country Stampede festival to a larger venue at Gilley's Park City in 2027, doubling capacity and enhancing fan experiences.

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