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VNUE, Inc. (OTC: VNUE) is a pioneering live entertainment music company that brings artists and fans closer together by automating the production of high-quality audio and video recordings of live performances. By simplifying the processes of curation, clearing, production, distribution, and monetization, VNUE manages the intricate landscape of the music ecosystem seamlessly.
VNUE captures content through its unique front-of-house mobile application and provides global distribution and monetization through a suite of mobile, web, and administrative applications. This allows artists and labels to effortlessly deliver and sell their live performances to fans worldwide.
Among its noteworthy products are the Set.fm instant content distribution platform, and its exclusive license partner and pioneer of
VNUE, Inc. (OTC: VNUE) reported significant progress in its financial results for the first half of 2022. Revenues reached $134,691, a notable increase from $6,515 in 2021, while the operating loss widened to $16,492,055, reflecting a one-time charge of $15,300,000 for Preferred C Voting stock. Adjusted operating loss stood at $867,055. The company is implementing new revenue models for its Stage It platform and rolling out its Soundstr technology. The live music industry's projected growth reinforces VNUE's strategic positioning.
VNUE, Inc. (OTC: VNUE) announced a partnership with Barefoot Radio 104.9 and RockHouse Live Key West to launch "Live and Local at RockHouse Live Key West", a new music show beginning September 1, 2022. The show will air every Thursday from 8 PM to 10 PM, showcasing local artists and touring musicians. It will be broadcast on Barefoot Radio, VNUE Radio, and StageIt.com, reaching a global audience. Each week features two musical acts performing live, fostering local talent recognition.
VNUE, Inc. (OTC: VNUE) has announced an aggressive rollout of its Soundstr Music Recognition Technology in Key West, FL, targeting bars, restaurants, and hotels. This initiative leverages the area's strong tourism, attracting around five million visitors annually. The company will not charge businesses for the Soundstr Pulse devices, enhancing their ability to accurately track music usage and ensure fair royalty payments. The rollout will be supported by local resource Ben Hennington, aiming to create a more equitable music licensing model.
RockHouse Live International is expanding with a new location in St. Petersburg, Florida, marking its fourth opening since April 2021, bringing the total to six locations including the original Memphis sites. The downtown St. Pete venue will feature indoor and outdoor seating, a full kitchen, and will utilize technologies from its publicly traded sister company, VNUE, Inc. (OTC: VNUE). RockHouse Live is known for its hybrid live and virtual entertainment concept. The Clearwater Beach location is currently among the top live music venues on Yelp.
Entertainer Carissa Biele raises awareness about young-onset dementia through her mother's experience and her song "Strong Like the Whiskey." Shared during Alzheimer's and Brain Awareness Month, her YouTube vlog highlights the emotional challenges faced by families. With more individuals under 65 diagnosed, Biele emphasizes the need for support and understanding. She offers self-care advice that includes scheduling time for relaxation, exercise, laughter, and maintaining a healthy diet. Biele's single has received significant attention on Nashville's music charts.
VNUE Inc. (OTC: VNUE) has shared an optimistic outlook for the concert industry as it gradually recovers from the disruptions caused by Covid-19. CEO Zach Bair highlighted that several tours are resuming, including the Matchbox Twenty tour set for May 2023. VNUE is enhancing its platforms, such as Stage It and Soundstr, to maximize revenue opportunities for artists. The company also aims to streamline operations and explore new acquisitions to bolster growth and financial performance.
VNUE, Inc. (OTC: VNUE) reported strong financial results for the year ending December 31, 2021, posting a net income of $2.9 million compared to a loss of $4.6 million in 2020. Revenue surged to $100,476, up from $22,474 the previous year. The company successfully reduced its derivative liabilities to zero and convertible debt from $2 million to $650,000. Additionally, total liabilities decreased from $8.4 million to $3.3 million.
VNUE, Inc. (OTC:VNUE) has launched Soundstr MDM, a cutting-edge music performance identification platform. The new version utilizes AI technology to identify recorded and live music in venues, offering rich analytics for stakeholders like venue owners and music rights organizations. Key features include live music performance identification and a Data as a Service (DaaS) model, supporting over 70 million fingerprint tracks. CEO Zach Bair emphasizes the platform's potential to enhance rights management and ensure fair compensation for artists and creators.
VNUE, Inc. (OTC: VNUE) has acquired StageIt and is implementing significant changes to prioritize artists and drive positive EBITA quickly. The previous management has been replaced, and Lou Mann has been appointed CEO. VNUE has already paid off over $1 million in StageIt’s debt and reduced the workforce by over 90%. StageIt generated approximately $600K in revenue since December 1, 2021, with expectations to reach $3-4 million in total revenue for 2022. VNUE plans to integrate StageIt with its other platforms to enhance revenue opportunities.
On February 21, 2022, Zach Bair, CEO of VNUE (OTC: VNUE), launched his new single, The Great Divide, which has garnered critical acclaim for its positive message of unity. The song addresses societal divisions and advocates for acceptance, particularly for those with disabilities, including autism. Produced by Grammy-winning professionals, the single is highlighted as a timely piece reflecting current global sentiments. The Great Divide is available on major streaming platforms, with the official music video set for release on February 25, 2022.
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