VNUE Updates Beta Testing Progress Of Soundstr
VNUE, Inc. (OTC:VNUE) announced that its Soundstr music recognition technology is successfully undergoing initial beta testing, generating expected data. CEO Zach Bair expressed excitement over the platform's performance and emphasized the importance of continued refinement during testing. The company is expanding its beta testing pool by shipping more Soundstr Pulse devices to radio stations and physical locations will be tested once radio performance is confirmed. VNUE aims to enhance data reporting through integration with third-party systems while focusing on long-term shareholder value.
- Successful initial beta testing of Soundstr technology generating expected data.
- Expansion of beta testing pool with more Soundstr Pulse devices shipped.
- Plans for integration with third-party systems to improve data reporting.
- No immediate indication of revenue generation from technology.
- Potential risks and uncertainties related to ongoing development costs.
NEW YORK, Sept. 24, 2020 /PRNewswire/ -- VNUE, Inc. (OTC:VNUE) reported today that the initial beta testing of the company's Soundstr music recognition technology is performing as expected and is generating data – exactly as the platform has been designed.
"After years of development, and after being at the helm of VNUE now for four years, it is especially exciting to see our hard work, and that of the original Soundstr team, beginning to come to fruition," said Zach Bair, CEO of VNUE. "We obviously have more work to do, and the beta testing period is expected to continue well into the next several weeks, but the platform is indeed identifying music and generating valuable data, which will then be combined with additional information to create a clear and extremely granular picture of what, how, where and when music in public spaces is being consumed."
VNUE reports that several more Soundstr Pulse devices are being shipped to additional radio stations this week, adding to the pool of beta testers, and that physical locations will be identified for testing once the company is comfortable with performance in radio, which is in line with the company's rollout plan.
"The purpose of the beta," said Bair, "is to work out any bugs in the creation and delivery of formatted data, to streamline self-installation of the Soundstr Pulse devices, and to prepare for integration with third-party systems that greatly expand the granularity of our reporting, among other things."
"This is a big step for the company, with many more to follow, but as I have said previously, our journey with VNUE is a marathon, not a sprint, with the goal of building long-term shareholder value through execution, innovation, and our disruptive patent-pending technology."
About VNUE, Inc. (www.vnue.com)
VNUE, Inc., (OTC: VNUE) is a leading music technology company dedicated to further monetizing the live music experience for artists, labels, writers, and publishers, with products such as its set.fm instant content distribution platform (www.set.fm), exclusive license partner and "instant live" pioneer DiscLive (www.disclive.net), and protecting the rights of artists and writers with the company's groundbreaking Soundstr music recognition technology (MRT) platform (www.soundstr.com). The veteran entrepreneurs, artists and songwriters behind VNUE, led by music and tech entrepreneur and recording artist Zach Bair, are passionate about the future of their industry and ensuring that rights holders' value is not lost amid always-changing technology. For more information, please visit www.vnue.com.
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SOURCE VNUE, Inc.
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