NY, January 5, 2021 / PRNewswire / – VNUE Inc. (OTC: VNUE) in the present day launched a optimistic replace on the corporate’s enterprise outlook for 2021.
Regardless of critical setbacks by way of the touring enterprise in 2020 that have been utterly out of our management on account of Covid-19, the Firm stays assured that the stay music business will get well in 2021. In 2020, the The primary tour that VNUE booked for recording, Matchbox Twenty, has been postponed from final July however is scheduled to start in July 2021. Moreover, we anticipate many artists and labels to look to further sources of earnings after they begin touring once more, seeking to make up for losses. skilled in 2020. The UNVOL crew is already conducting outreach actions on this regard.
As an extra increase, Congress handed the $ 15 billion Save our Phases Act, which authorizes the Small Enterprise Administration to award grants to eligible stay music venue operators, producers, promoters, or expertise representatives. VNUE expects this to have a really optimistic influence on the corporate’s stay music recording and manufacturing enterprise.
Along with all of the optimistic work the Firm has accomplished concerning its proprietary Soundstr music recognition expertise, which led to the deployment of a number of beta take a look at websites, in addition to the announcement of economic rollouts at new RockHouse Reside areas, VNUE additionally the Firm operates with a really low overhead construction. This has allowed the Firm to enter 2021 as a viable entity not like many different firms within the music business and the music expertise area which have turn out to be bancrupt.
Soundstr identifies music performed in bars, eating places, radio stations, and different companies, and can assist scale back licensing prices whereas serving to be sure that the appropriate songwriters and artists obtain royalties.
The Firm can also be inspired by the current vital enhance in our share value. We consider this enhance displays the worth of our Soundstr expertise, our set.fm stay music manufacturing and distribution expertise, and positions us properly to enhance our liquidity in 2021. As beforehand disclosed, the Firm has been in vital discussions with varied entities to enhance our steadiness sheet and to supply further liquidity and dealing capital for our enterprise.
About VNUE, Inc. (www.vnue.com)
VNUE, Inc., (OTC: VNUE) is a music expertise firm devoted to monetizing the stay music expertise for artists, file labels, writers and publishers, with merchandise like its immediate content material distribution platform set.fm (www .set.fm), the unique licensing companion and pioneer of “immediate stay” DiscLive (www.disclive.internet), and protects the rights of artists and writers with the corporate’s Soundstr (MRT) music recognition expertise (www .soundstr.com). The veteran entrepreneurs, artists and songwriters behind VNUE, led by a music and tech entrepreneur and artist Zach BairThey’re enthusiastic about the way forward for their business and be sure that the worth of rights holders isn’t misplaced amid ever-changing expertise.
Protected harbor declaration
This press launch could comprise forward-looking statements which can be based mostly on present expectations, forecasts and assumptions that contain dangers and uncertainties that would trigger precise outcomes and outcomes to vary materially from these anticipated or anticipated, together with statements concerning the quantity and timing. of anticipated earnings and any cost of dividends on our widespread shares, statements associated to our monetary efficiency, anticipated earnings, distributions and future progress for the subsequent quarterly and annual intervals and the opposite dangers established within the Firm’s data with the Securities Fee and US Securities together with our Annual Report on Kind 10-Ok and our Quarterly Studies on Kind 10-Q that are filed occasionally. Precise outcomes and timing of sure occasions may differ materially from these projected or contemplated by the forward-looking statements on account of various components. We’ve got incurred and can proceed to incur vital bills in increasing our new and present service strains, and we word that there is no such thing as a assure that we’ll generate sufficient income to offset these prices in each the quick and long run. All forward-looking statements communicate solely as of the date of this press launch. We don’t undertake any obligation to replace any forward-looking statements or different info contained on this doc. Potential shareholders and traders shouldn’t place undue reliance on these forward-looking statements.