Ozy Media Not Shutting Down But “Open For Business” Says Carlos Watson In Embattled Site’s Latest Twist
show that the company is not in fact shutting down as it had previously announced in the wake of a fast unfolding financial scandal.
The two parties had a 2017 legal fight over Ozy Media’s Ozyfest festival’s alleged infringement on the Osbourne’s Ozzfest name. She said Watson offered them shares of his company to settle the lawsuit but she declined.that the settlement had indeed included handing Osbourne shares of Ozy Media. “And lets be really clear. I am not going to raise money by telling sophisticated people that Sharon Osborne is an investor. No smart person is going to say, ‘Oh great, you’ve got Sharon Osborne.
“We’re going to open for business, so we’re making news today,” Watson said. “This is our Lazarus moment, if you will, this is our Tylenol moment. Last week was traumatic, it was difficult, heartbreaking in many ways. The reversal comes after Ozy Media announced Oct. 1 it was shutting down days after an explosive NYT report triggered a financial fraud investigation and increased scrutiny of the company’s business claims. Watson said that decision to shutter was reconsidered over the weekend.
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