Intercept Music, a Sanwire Corp. Subsidiary, Announces Almost 400% Increase in Streaming Figures
Intercept Music, Inc., a subsidiary of Sanwire Corporation (OTC PINK:SNWR), reported a remarkable 396% increase in May 2022 streaming figures, reaching 8.6 million streams. This surge was largely influenced by their partnership with Method Man launched in April 2022, alongside other collaborations with major labels. These growth trends are expected to reflect positively in Q2/2022 revenue, with further increases anticipated in Q3/2022. CEO Tod Turner expressed optimism regarding their long-term marketing strategies and operational efforts.
- 396% increase in May 2022 streaming figures.
- Streaming figures reached 8.6 million.
- Partnership with Method Man significantly contributed to growth.
- Expectations of increased revenues in Q2 and Q3 2022.
- None.
Long-Term Marketing Strategies Paying Off
SAN FRANCISCO, CA / ACCESSWIRE / August 2, 2022 / Intercept Music, Inc. ("Intercept"), wholly owned subsidiary of entertainment-technology innovator Sanwire Corporation ("Sanwire" or the "Company") (OTC PINK:SNWR), announced today a
The partnership launch with the Method Man in April 2022 contributed greatly to the increase in the streaming figures which will be reflected in our Q2/2022 revenues. With the recently announced partnerships with the 7,000 song reggae catalog, Litco, Centerpoint and other major labels, the Company expects further higher streaming and revenue figures in Q3/2022.
"We are very excited to announce our recently verified streaming figures," said Tod Turner, Intercept's CEO. "It's great to see our long-term marketing strategies and operational excellence start to pay off. Our typical streaming/revenue recognition cycle is 3-4 months from uploading a song to receiving royalties."
About Intercept Music Inc.
Intercept Music champions creative iconoclasts. The entertainment technology company harnesses the power of premium distribution, sizzling social media, meaningful marketing, monumental merchandising, and customizable promotional services to empower independent labels and their artists to build audiences and drive revenue. The Software as a Service (SaaS) company focuses exclusively on the independent music market, the fastest-growing sector of the music industry. Intercept Music is a wholly-owned subsidiary of Sanwire Corporation (OTC: SNWR), a company focused on advanced technologies for the entertainment industry. Learn more at interceptmusic.com or visit Intercept Music's Instagram, Twitter, and Facebook.
About Sanwire Corporation
Sanwire Corporation (OTC PINK:SNWR), a diversified company with a focus on technologies for the entertainment industry, has been involved in aggregating technologies for a number of years. We look for opportunities in fragmented markets, where technology can be applied to consolidate services into a single platform of delivery. Our current focus is advanced entertainment technologies. For more information, visit sanwirecorporation.com.
For further inquiries, contact ir@sanwirecorporation.com, or press@interceptmusic.com
Safe Harbor Statement: This release contains forward-looking statements. All statements regarding our expected future financial positions, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, listing on the OTC Markets, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties, and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: Sanwire Corporation
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FAQ
What were the streaming figures reported by Sanwire Corporation's subsidiary in May 2022?
How did the partnership with Method Man affect SNWR's streaming figures?
What revenue impact is expected from the streaming increase for SNWR?
What is the significance of the 8.6 million streams for SNWR?
