July 12, 2024

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VNUE Offers Business enterprise Update For 2021

4 min read
VNUE Offers Business enterprise Update For 2021
VNUE Offers Business enterprise Update For 2021

NEW YORK, Jan. 5, 2021 /PRNewswire/ — VNUE Inc. (OTC: VNUE) these days issued a beneficial update about the Firm’s small business prospective buyers as it appears to be like in advance to 2021.

In spite of the critical setbacks in phrases of the touring company in 2020 which had been absolutely out of our regulate due to Covid-19, the Firm continues to be confident that the dwell new music business will bounce back in 2021.  In 2020, the key tour that VNUE was booked to document, Matchbox 20, was postponed from last July but is on the guides for commencement in July of 2021.  In addition, we hope quite a few artists and labels will be in search of additional profits resources when they commence to tour yet again, wanting to make up for losses they expert in 2020. The VNUE team is by now conducting outreach in that regard.

As an added strengthen, Congress handed the $15bn Help you save our Stages Act, which authorizes the Little Small business Administration to make grants to qualified are living audio location operators, producers, promoters, or talent reps.  VNUE expects this to have a really positive effects on the firm’s live audio recording and generation business enterprise.

In addition to all of the constructive do the job that the Enterprise has achieved in regard to its proprietary Soundstr new music recognition know-how, which led to the deployment of numerous beta check websites as properly as the announcement regarding professional deployments in new RockHouse Are living places, VNUE also operates the Firm with a quite reduced overhead framework.  This has enabled the Organization to enter 2021 as a viable entity as opposed to various other firms in the tunes market and audio technological innovation space who have develop into insolvent.

Soundstr identifies audio performed in bars, places to eat, radio stations and other companies, and will enable to reduce licensing prices whilst at the similar time aiding to ensure the accurate songwriters and artists obtain royalties.

The Company is also inspired about the new sizeable raise in our stock cost. We feel this increase demonstrates the price of our Soundstr technology, our set.fm dwell tunes generation and distribution know-how, and positions us very well to improve our liquidity in 2021.  As earlier disclosed, the Enterprise has been in meaningful discussions with quite a few entities to strengthen our equilibrium sheet and to give further liquidity and doing work cash for our small business.

About VNUE, Inc. (www.vnue.com)
VNUE, Inc., (OTC: VNUE)  is a tunes technological innovation corporation devoted to monetizing the reside music practical experience for artists, labels, writers, and publishers, with products such as its set.fm instant articles distribution platform (www.established.fm), distinctive license lover and “quick dwell” pioneer DiscLive (www.disclive.web), and preserving the legal rights of artists and writers with the firm’s Soundstr music recognition technological know-how (MRT) (www.soundstr.com).  The veteran business people, artists and songwriters behind VNUE, led by new music and tech entrepreneur and recording artist Zach Bair, are passionate about the upcoming of their field and guaranteeing that rights holders’ value is not misplaced amid always-shifting technological innovation. 

Safe and sound Harbor Statement
This push launch might consist of ahead-on the lookout statements which are dependent on present anticipations, forecasts, and assumptions that entail threats and uncertainties that could bring about actual outcomes and final results to vary materially from individuals expected or anticipated, together with statements related to the quantity and timing of predicted revenues and any payment of dividends on our common inventory, statements linked to our economical efficiency, anticipated income, distributions, and long term expansion for forthcoming quarterly and annual durations and the other pitfalls set forth in Company’s filings with the U.S. Securities and Trade Commission, such as our Annual Report on Variety 10-K and our Quarterly Experiences on Kind 10-Q as submitted from time to time. Genuine success and the timing of specific events could differ materially from those people projected in or contemplated by the ahead-hunting statements owing to a amount of things. We have incurred and will continue to incur sizeable expenses in the expansion of our current and new provider strains, noting there is no assurance that we will create ample revenues to offset those people expenses in both the in the vicinity of and lengthy time period. All ahead-searching statements talk only as of the day of this press release. We undertake no obligation to update any ahead-on the lookout statements or other information contained herein. Stockholders and likely buyers should really not location undue reliance on these ahead-on the lookout statements.

Source VNUE, Inc.

Associated Hyperlinks

http://www.vnue.com

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