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Overview of VNUE Inc
VNUE Inc (OTC: VNUE) is a pioneering company operating at the nexus of live entertainment and advanced music technology. Integrating live streaming, music technology, and content distribution in its operations, VNUE leverages a unique blend of automation and technical innovation to capture and deliver professional-quality audio and video recordings of live performances. This strategy not only streamlines production but also provides artists and labels a dynamic platform to reach fans directly with immersive, high-quality content.
Core Business Model and Operations
VNUE Inc specializes in automating the production and distribution processes within the live music industry. By utilizing a sophisticated front-of-house mobile application alongside a suite of web-based and administrative tools, the company captures live performance content in real time. The operational workflow encompasses:
- Curation and Rights Clearance: Seamlessly managing the legal and logistical challenges involved in live performance recordings.
- Production: Using state-of-the-art technology to convert live events into certified professional audio and video recordings.
- Distribution: Facilitating worldwide digital distribution through multiple platforms that include mobile, web, and specialized partner integrations.
- Monetization: Enabling artists, labels, writers, and publishers to directly engage with fans while securing value from their performances without the complexities traditionally associated with live event production.
This comprehensive approach addresses one of the most critical challenges in live entertainment — the disconnect between live performance production and digital distribution — thereby enhancing the overall fan experience and creating a new paradigm for artist-fan engagement.
Innovative Technology and Platform Integration
At the heart of VNUE's operations is its commitment to disrupting the traditional live music ecosystem with advanced technology. The company’s portfolio includes:
- Mobile Applications: Designed for live capture, these apps enable swift and efficient recording of live shows, allowing content to be processed and prepared for digital release almost instantly.
- Web and Administrative Solutions: These platforms ensure smooth content management, curation, and global distribution, confirming VNUE's role as a crucial link between live events and digital media consumption.
- XR and Metaverse Integration: Through partnerships with companies specializing in Extended Reality, VNUE is exploring immersive platforms that enable virtual live experiences. This integration underscores a broader commitment to evolving the fan engagement experience by incorporating new dimensions of immersion and interactivity.
- Artist Services Division: Focused on providing tailored solutions for recording, distribution, and promotion, this division supports artists regardless of their scale or genre, thereby democratizing access to high-quality production tools and wide-reaching distribution channels.
By merging these advanced tools, VNUE not only simplifies the complex landscape of music rights management and digital content distribution but also offers an enhanced, interactive experience for both content creators and consumers.
Market Position and Competitive Landscape
VNUE Inc occupies a unique niche in the live entertainment industry. While numerous entities focus solely on production or solely on digital distribution, VNUE brings a holistic approach that integrates both domains. This dual focus positions the company as a comprehensive provider that handles every aspect of live performance content, from capture to monetization. In a competitive market with various digital streaming and content delivery platforms, VNUE differentiates itself through:
- End-to-End Integration: A fully automated process that handles live performance production, legal clearance, distribution, and monetization altogether, thus offering unmatched efficiency.
- Technological Innovation: Continuous development of cutting-edge tools and platforms, including XR integration, which signal a forward-thinking approach to enhancing audience engagement.
- Artist-Centric Approach: Robust support for artists and labels, enabling direct channels of communication and revenue generation without traditional intermediaries.
These innovations assert VNUE’s role as both a catalyst for change in the live music industry and a tech-savvy solution that addresses the multifaceted challenges faced by traditional live event production.
VNUE, Inc. (OTC: VNUE) has appointed Witt Stewart, a seasoned Nashville music executive, as Strategic Marketing Consultant for Country & Americana. Stewart, known for managing artists like Carole King and producing Grammy-winning albums, brings extensive industry experience. He expressed enthusiasm for partnering with VNUE, particularly following its acquisition of StageIt. CEO Zach Bair highlighted Stewart’s industry connections as vital for VNUE's growth. VNUE is a technology company focused on monetizing live music experiences, including platforms such as set.fm and Soundstr.
VNUE, Inc. (OTC: VNUE) has officially acquired StageIt, a well-known ticketed livestream platform, on February 14, 2022. This strategic acquisition aims to enhance VNUE's artist-centric products by integrating StageIt's platform and its database of over one million subscribers. VNUE CEO Zach Bair emphasized the significant potential to monetize StageIt’s resources, especially in the aftermath of COVID’s impact on the music industry. The acquisition is expected to create new revenue opportunities for artists, while Lou Mann will lead StageIt under VNUE’s umbrella.
VNUE, Inc. (OTC: VNUE) has secured $1.5 million in equity funding from GHS Investments for the acquisition of StageIt, Inc., a prominent ticketed livestream company. This funding may increase to a total of $3 million with an additional warrant issued to GHS. CEO Zach Bair expressed confidence that this transaction marks a significant advancement for VNUE, enhancing its offerings in the live music space. The acquisition is expected to finalize shortly, positioning VNUE to integrate StageIt into its artist-centric services.
VNUE, Inc. (OTC: VNUE) provided a year-end update emphasizing its acquisition of StageIt, anticipated to close in early January 2022, which will significantly enhance its offerings. The company reports substantial advancements in its Soundstr technology, achieving over 75% accuracy in live music identification and nearly 100% for recorded music. VNUE reduced convertible debt from $2 million to approximately $635,000, improving its prospects for uplisting to the OTCQB. Ongoing litigation against toxic lenders aims to recover lost value for shareholders, amid positive momentum anticipated in 2022.
VNUE, Inc. (OTC: VNUE) will welcome Evan Lowenstein, founder of StageIt, to its board of directors following the acquisition of StageIt, currently in the final stages. Lowenstein, renowned in the live-streaming ticketing space, aims to leverage VNUE's offerings alongside CEO Zach Bair. During his tenure at StageIt, he achieved $4M in revenue in under 10 weeks, although the company faced challenges under new management. His collaboration with Bair marks a strategic move to enhance VNUE's growth and creativity in the industry.
VNUE, Inc. (OTC: VNUE) hosted an intimate streaming concert with Rob Thomas on November 8, 2021, raising over $130,000 for Sidewalk Angels Foundation. This organization, founded by Thomas and his wife, supports no-kill animal shelters globally. The concert was streamed from Daryl's House, NY, using the StageIt platform. VNUE is in the process of acquiring StageIt to expand its services, enhancing its mobile content distribution capabilities. CEO Zach Bair expressed excitement about the fundraising success and the potential of integrating innovative technologies.
VNUE, Inc. (OTC: VNUE) announced an exclusive Livestream concert featuring Rob Thomas on November 8, 2021, at 8 PM via the StageIt platform. This event coincides with Thomas's new Christmas album, and proceeds will benefit the Sidewalk Angels Foundation. Ticket options include rewards such as a ZOOM call with Thomas and a signed guitar, available now on StageIt. VNUE is in the process of acquiring StageIt, enhancing its offerings to artists and fans while creating new revenue streams.
VNUE, Inc. (OTC: VNUE) announced a restructuring of its largest creditor's debt, reducing a 10% convertible note of $857,157 into an 8% non-convertible promissory note, due September 30, 2022. CEO Zach Bair emphasized this as a vote of confidence from YLimit, eliminating concerns over potential dilution of shares. The restructuring significantly decreases convertible debt from $1,956,922 to $635,714, with a derivative liability reduction to zero. This move positions VNUE favorably for its goal to uplist to the OTCQB market.
VNUE, Inc. announced its acquisition of live streaming platform Stageit, expected to add over $9 million in revenue and access to a large community of performers. CEO Zach Bair will host a livestream on August 6, 2021, at 7 PM Central to discuss the deal's implications, particularly regarding VNUE's Soundstr music recognition technology. The acquisition aims to enhance VNUE’s technology stack and accelerate the rollout of its services. This strategic move is anticipated to strengthen VNUE’s market position in the live music industry.
VNUE, Inc. (OTC: VNUE) announced its acquisition of live streaming platform StageIt for over $9 million in revenue, enhancing its portfolio with access to thousands of performers and creators. The acquisition, anticipated to close within 60 days, aims to accelerate VNUE's Soundstr technology rollout and create a comprehensive monetization suite for live events. StageIt, established in 2010, has hosted over 6,280 shows and paid out $7M to artists in 2020. This strategic move positions VNUE well within the evolving live entertainment industry.
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