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VNUE News!

Discussion in 'Penny Stocks' started by Giants1967, Jan 13, 2020.

  1. Giants1967

    Giants1967 Member

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  2. Giants1967

    Giants1967 Member

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    VNUE, Inc. (OTCQB: VNUE) will again hit the road with The Music of Cream - North America Spring 2020 Tour, providing exclusive tour management services and personnel, and will be recording all shows as "instant" live digital & mobile downloads via VNUE's set.fm innovative mobile and Internet distribution platform. Additionally, fans will have the opportunity to purchase Limited Edition VIP-style collectible laminates, each containing download codes for the show of their choice on the tour.

    The Music of Cream features Eric Clapton's nephew, Will Johns (guitar, vocals), and the late Ginger Baker's son Kofi Baker (drums, vocals). They are joined for the North America Spring 2020 Tour by master musicians Sean McNabb (bass, vocals) and Chris Shutters (guitar, keys and vocals).

    Following their successful 2018 and 2019 tours for The Music Of Cream - 50th Anniversary World Tour, spanning over 80 cities throughout North America and the UK, the Spring 2020 tour will see the band performing close to 50 cities and playing Cream's seminal album, Disraeli Gears, from top to bottom, followed by a set of Clapton classics.

    Similar to VNUE's prior outings with the band, VNUE and The Music of Cream have forged another unique collaboration leveraging VNUE's world class tour management services and instant live recording and merchandising platforms.

    "VNUE are at the cutting edge of live recording with their set.fm app. It is wonderful to be working with them again on our Spring 2020 tour," commented Producer/Manager, Simon Roberts. Roberts noted, "Cream were all about playing live and being in the moment. No two nights were ever the same. With VNUE recording these shows, fans will have their very own unique memento of The Music of Cream to take home with them. We also greatly benefit from VNUE's tour management services on this run."

    "Our successful relationship with The Music of Cream dates back to their inaugural North American tour in 2018. We are thrilled to build upon our relationship by continuing to provide pristine instant live audio recordings for the fans, and to provide tour management services," stated Jeff Zakim, VNUE's SVP of Artists, Partners & Content Acquisition.

    Zach Bair, CEO and Chairman of VNUE, said, "With this long-standing partnership, we are thrilled to be bringing to the table a wider scope of our artist and touring services by providing tour management services and staff for The Music of Cream, combined with our best-in-class live recording and experiential live music products."

    Music fans across the globe can pre-order shows now by downloading the set.fm app, or by visiting http://bit.ly/MusicofCream2020 for digital downloads. To pre-order Limited Edition, VIP-style collectible laminates, fans can visit http://bit.ly/MusicofCreamLaminates. Laminates will be available at merchandise booths at all tour dates or can be ordered online with either "ship home" or "pick up" at the show option.

    For more information about The Music Of Cream - North America Spring 2020 Tour, please visit www.musicofcream.com or www.facebook.com/musicofcream.
     
  3. Giants1967

    Giants1967 Member

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    VNUE's CEO Zach Bair will do a short shareholder update at 6PM EST today, Friday, Feburary 7th, on the VNUE youtube channel:

    youtube.com
     
  4. Giants1967

    Giants1967 Member

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    VNUE News!

    VNUE, Inc. today posted the following update from CEO & Chairman Zach Bair:

    Dear VNUE shareholders and supporters.

    What we are seeing around the world and in this country is unprecedented, at least in recent memory. With all of the shutdowns, social distancing, and various other measures increasingly being implemented against the coronavirus, I thought it would be a good idea to provide a company update addressing this issue.

    First and foremost, I hope that you, your family, and your friends are all healthy and that the impact of this outbreak has been minimal, and you have plenty of home goods and food stocked up.

    As you are no doubt seeing, many tours, concerts, festivals and touring packages are being either postponed or canceled. Fortunately, VNUE has been minimally impacted in this regard. Our most recent tour with The Music of Cream had been out for approximately two weeks, and while on the West Coast, a decision was made to postpone all forthcoming dates. VNUE was on the road for this artist in several capacities providing tour management resources and services, recording each show, and selling limited edition laminates with instant access to concert downloads. Our road team is heading home, and we anticipate re-scheduling of this tour in the next 3-6 months.

    VNUE continues to be actively preparing, working and pushing pre-order sales for our big summer tour with multi-platinum band matchbox twenty which starts in mid-July. The company is in regular communications with management, promoters and all parties involved in this major tour, and at present it is moving forward as scheduled. While this of course may change, we continue to push forward.

    The silver lining here is that since we are a small company, we are in a great position to make some minor course changes because of this unexpected twist. We are in fact in the process of conducting our year-end audit for 2019, which is due April 14th at the latest. As has been the case in prior year-end reporting, we anticipate having good news to report, since 2019 was the strongest yet since I joined the company in 2016.

    Some things to consider because of the impact of the "live" business.

    Even though the touring business is in limbo to a degree right now, there are still opportunities that the company can look at 3-6 months out, which is actually our normal window, more or less. We will be focusing on artists and opportunities where audiences are at least 2000 people or more, to maximize company profitability.

    We have engaged with a credible investment bank to raise a major round of non-dilutive funding for the company, and they have begun their outreach for our fundraise; and simultaneously, we have eliminated the vast majority of more dilutive convertible notes.

    We have a significant back catalog of content in the DiscLive inventory ( www.disclive.net) as well as on our innovative set.fm instant mobile and web platform. Per the license agreement between the companies, VNUE will generate revenue from back catalog items including even those items that were done before VNUE was in the picture. It is a treasure trove of great music that has barely been tapped.

    Our small fulfillment center in Memphis will remain fully operational.

    Needless to say, this is a great opportunity for the company to focus on our Soundstr music recognition technology. Benji Rogers and his team at Lark42 have made some great development progress, bringing us ever closer to deployment, which is anticipated soon. Given the lack of touring for at least the next month, this gives us a golden opportunity to push this aspect hard, and we shall.

    We will also extend our expertise in production to offer services to those who want to reach their audiences (for example houses of worship, panels, speakers, etc.) via streaming and recording. We certainly have the knowhow and this will generate further revenue for the company during the pause in touring. This could also be attractive to artists too, that want to monetize performances, since they cannot play live, and even local and regional politicians, for fireside chats.

    On a positive note as it relates to the music and touring industry, you may have seen that several major entities including Live Nation (NYSE: LYV), AEG, CAA, WME, and Paradigm have formed a task force as a response to the coronavirus. This task force has put forth a plan to reschedule all large events through March. VNUE is encouraged by the formation of this task force.

    While we would never consider taking advantage of our industry partners in a time of crisis, we do feel that VNUE is in a unique position to help and add value with regard to measures artists and venues are taking to keep the music coming.

    According to a NY Times article:https://www.nytimes.com/2020/03/13/arts/music/coronavirus-pandemic-music-streaming.html(In a Pandemic, Musicians Play in Empty Halls for Audiences Online, March 13) artists and venues are furthering their online presence. As part of our consistent outreach in fhs industry, we will pursue options for these partners to utilize VNUE services and platforms (DiscLive Network and Set.fm) to offer fans their live music in new and innovative ways including live streaming as noted above. This is something that is always our intent.

    In closing, this crisis will pass, but things are not going to be the same for a long time. Luckily, VNUE is in a good position to be able to continue without much of a hiccup. In that regard, we will remain flexible and forward-thinking, and ready to adapt to further changes if necessary. In the meantime, stay safe, and as they say, "this too shall pass".

    For more information on VNUE, please visit www.vnue.com
     
  5. Giants1967

    Giants1967 Member

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    VNUE, INC. REPORTS RECORD REVENUES - Net Loss Narrows by 40%

    VNUE, Inc. (OTC: VNUE)today reported unaudited results for the year ended December 31, 2019 (unaudited) compared to the same period ended December 31, 2018 (audited). The Company expects to file it Form 10-K in the next several with the final numbers.


    Revenues increased to a record level of $206,161 for the year ended December 31, 2019 (Unaudited) compared to $82,881 for the same period ended December 31, 2019, which is an increase of approximately 149%. This increase in revenues was a result of our live recording business.


    Net losses decreased from $2,356,278 during the year ended December 31, 2018 to $1,400,098 (Unaudited) for the year ended December 31, 2019, a decrease of $956,180, or 40.6%.


    Financially speaking, I am excited about the progress we made in terms of revenue generation and cost reduction, said CEO Zach Bair. Seeing that the company had zero ability or technology of its own to generate revenue until the end 2017 when we acquired the set.fm platform, I consider this to be a great step forward for the company. More importantly, our work with superstar Rob Thomas, as well as other artists, has set the stage for us to perform our services in much larger venues with bands like matchbox twenty. These large tours have a much higher revenue potential.


    Although this pandemic has had a financial impact on our business to a degree this spring, it was relatively minor for us to date continued Mr. Bair, the company remains optimistic because tours we have booked do not start until later into the summer. Moreover, we have been able to accomplish a lot of work with our Soundstr music recognition technology (MRT) platform during the quarantine. In fact, we will be shipping a dozen or so units to client beta testers in the coming weeks, which marks a major milestone for the company, and is the precursor for the shipping of units for commercial deployment. We have 450 units on the way for this purpose.
     

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