Platform & Stream
Published in

Platform & Stream

The Future Looks Bright for VNUE

With the concert industry slowly but surely kicking into gear after all of the Covid related closures and cancellations, VNUE, Inc’s Chairman and CEO Zach Bair sees a bright future ahead for the Company.

“There is light at the end of the tunnel,” said Bair. “More and more tours are being announced, and live music is definitely back. We are currently courting several tours for potential work with DiscLive (disclive.net) and for Set.fm, as well as working to leverage the Stage It platform (StageIt.com) to extend revenue opportunities for artists.

Back on the table is the Matchbox Twenty tour, which was originally slated for 2020. Now, the tour is set to go in May of 2023. And, with all of the new tours being announced (and many not yet announced), VNUE is aiming to capitalize on artists and labels who would like to recover some of the revenue lost during the pandemic, including tours in 2022.

Further, the Company has significantly streamlined Stage It since its acquisition earlier this year, implementing a leaner and more focused management team, which has lowered costs significantly and leaves the platform well positioned going forward.

The Company has also been aggressively working on our proprietary Soundstr MDM platform, which identifies live, recorded, and streaming music and its associated stakeholders such as songwriters, publishers and Performing Rights Organizations (PROs), and has initiated several early adopter programs in certain markets.

This not only includes brick and mortar establishments and touring live concert bands, but extends to radio and to streaming as well. VNUE has been successful in deploying Sounsdtr for live concerts, and identifying the vast majority of music played by major and mid-level artists, which is a huge step up from the current method of artists having to submit set lists in an attempt to collect their royalties. VNUE sees this use as a huge benefit to promoters and venue owners as well as the artists themselves.

Additionally, VNUE is actively implementing methodology to capture Stage It streams to automate music identification, and to address the disparity in what is paid to PROs vs. what is actually paid to the songwriters in question. This methodology is also being presented to a variety of other streaming companies. “

Mr. Bair continued, “It was a pivotal moment for the Company with the acquisition of Stage It. We are actively exploring other potential acquisitions that are complimentary in nature to our suite of products and services and which will positively impact our bottom line and revenue growth.”

— — — — — — — — — — — — — — — —

Platform & Stream Info:

🎵 Subscribe today to Platform & Stream for your daily rundown of the most important & interesting music streaming news

✉️ Send story ideas & feedback to: jeff@platformandstream.com

⭐️ Support Platform & Stream by sponsoring an issue sent to our 2500+ subscribers every weekday.

--

--

--

Daily Digest of Music Streaming News

Recommended from Medium

Top 6 Local Business Trends To Recognize For 2021

Retail Technology Market Overview and Innovation Quadrant — Q1 2017

Big Tech Will Not Be Broken Up — Here’s Why

The Official App Store Optimization Conference 2019 New York Recap + Presentations

Double Your Profit During COVID-19 Pandemic With These Tips

The transformation of digital

Data-Driven Work Cultures: Ryan G Smith On How To Effectively Leverage Data To Take Your Company To…

I choose the topic of business because in this age of advancing tech the business sector will have…

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Platform & Stream

Platform & Stream

Daily Digest of Music Streaming News

More from Medium

Meet the Maker: Hanna Zaidi, Chief Compliance Officer & Senior Director — Payments

EQualizer by ADvocado— Audio Platform Innovation Challenge

Why Social Media is Heavan for Photographers.

Is the World’s Wisest Uber Driver in Granada Hills? (Yes)