Vnue Inc Stock Price, News & Analysis

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.

VNUE (OTC: VNUE) endorses the American Music Fairness Act (AMFA) which requires radio stations to pay royalties to artists. Currently, the U.S. is the only country without such a law. The AMFA aims to compensate performers fairly, close loopholes for AM/FM radio, and ensure U.S. artists are paid for international plays. VNUE's Soundstr technology identifies music played and maintains accurate logs for royalty payments, fostering transparency in the music industry. VNUE supports fair compensation for artists and aims for a beneficial relationship with radio stations.

RockHouse Live International has announced its third location in Key West, Florida, following openings in Clearwater and Oxford, MS. This venue will feature a rooftop deck, live nightly entertainment, and has the potential to generate over $16 million in annual revenue across all locations. Co-founder Jock Weaver, noted for his extensive background in entertainment mergers, expressed plans for rapid expansion. With technology partnerships from VNUE, including Soundstr for music recognition, the company aims to pay artists fairly while offering unique experiences.

VNUE, Inc. (OTC: VNUE) announced a securities purchase agreement for the sale of up to $8 million of common stock to GHS Investments, LLC. This funding aims to enhance the Company's music technology solutions and accelerate the development of its Soundstr MRT platform.

The investment is contingent upon the effectiveness of a registration statement, with the potential for significant revenue growth and strategic acquisitions over the next 18 months. VNUE's leadership expresses optimism about leveraging this funding to achieve greater operational success.

RockHouse Live International announces a new location in Oxford, MS, set to open by mid-August 2021, ahead of the Ole Miss home game on September 11. The venue will span over 4,800 square feet and feature both indoor and outdoor seating, a large stage, and nightly entertainment. This expansion follows the success of their Clearwater Beach flagship location. RockHouse Live integrates technology from VNUE, Inc. (OTC: VNUE), which holds a 4.99% stake in the company. The founders anticipate rapid growth and are exploring additional locations.

VNUE, Inc. (OTC: VNUE) announced significant debt reduction in its latest move toward uplisting to the OTCQB trading platform. In the past 30 days, two convertible debt holders converted their notes into restricted common shares, totaling over $1.2 million in debt reduction. This included a $238,616 reduction from the latest conversions. The CEO, Zach Bair, emphasized his commitment to cleaning up the balance sheet to demonstrate credibility to regulators and shareholders, reaffirming no plans for a reverse stock split.

VNUE, Inc. (OTCQB: VNUE) announced that its largest investor, YLimit, LLC, has converted $963,000 of debt to equity, which is approximately 60% of its total debt of $1.6 million. The conversion price is set at $0.014 per common share and $1.20 per Series A Preferred Share. This move strengthens VNUE's balance sheet and liquidity, aiding their goals for an uplisting to the OTCQB trading platform. YLimit's long-term commitment reinforces confidence in VNUE’s leadership and growth strategy under CEO Zach Bair.

VNUE, Inc. (OTC: VNUE) announced advancements in its Soundstr Music Recognition Technology (MRT) on May 12, 2021, enhancing its capabilities to track and identify music across various platforms including online streams like Apple Music and Spotify. The SaaS platform demonstrated 100% accuracy in identifying songs, composers, and related data. CEO Zach Bair highlighted a focus on flexibility, enabling integration with third-party devices and enhancing music tracking services for businesses, including a dual-function media player for licensed music delivery.

VNUE, Inc. (OTC: VNUE) announced a Common Stock Purchase Agreement with Triton Funds, LP, potentially providing up to $2 million in investment. Triton will initially invest $1 million in VNUE's common stock, with an option for an additional $1 million through warrants. CEO Zach Bair emphasized that this funding will support the commercialization of their Soundstr Music Recognition Technology and expand their digital platforms. This investment reflects significant confidence from Millennial and Gen-Z investors regarding VNUE's innovative direction.