New York, NY, March 13, 2017 (GLOBE NEWSWIRE) -- Hypebot.com, a leading music technology blog, today posted an article
authored by VNUE, Inc. (OTC: VNUE) CEO Zach Bair. The article details, from Bair’s experience in the music industry, the
issues surrounding the current “blanket” license agreements required of small businesses that have music by performance rights
organizations (PROs), the lack of transparency, and the comprehensive solution that VNUE is developing to directly address these
issues. Bair and VNUE also recently announced a partnership with the Fairness in Music Licensing Coalition to bring about
copyright reform and to educate the public about the issues which currently exist.
The patent pending VNUE solution is called “MiC™,” for “Music Identification Center,” and Bair expects that, once fully
implemented, it will result in a significant uptick in licensed venues, as well as royalties paid to songwriters, composers, and
artists. It is estimated that PROs collect in excess of $500M or more from blanket agreements yearly; VNUE estimates
that through implementation of the MiC solution that it will be able to double or triple this figure by encouraging many more
venues to become licensed through reduction of fees, while at the same time ensuring that the correct rights holders are
compensated through accuracy of tracking.
The system is slated to roll out later this year, and revenues from the MiC system, along with VNUE’s forthcoming live music
consumer app, are anticipated to be in the $20-30M range for the first full year after rollout.
The Op-Ed article may be viewed in its entirety at:
http://www.hypebot.com/hypebot/2017/03/stop-the-legalized-extortion-how-to-make-the-live-music-experience-fair-for-all.html
About VNUE, Inc. (www.vnue.com)
VNUE, Inc., (OTC: VNUE) is a VNUE is a music technology company dedicated to further monetizing the live music experience for
artists, labels, writers, publishers, and literally all stakeholders, by creating new and exciting products; by leveraging
automation technology and second-to-none experience in the instant live space; and by identifying issues such as lack of
transparency with performance rights organizations and solving this through innovation and our patent-pending solutions. The
VNUE team is the most experienced in our space, a group of technology entrepreneurs, artists and songwriters who are passionate
about the future of the industry, and ensuring that the value of the rights holders are not lost in the context of new and
ever-changing technology. Our team has produced live content and created experiential products for such artists and companies
as Peter Frampton, Bad Company, Devo, Blondie, Wind Up Records, EMI, Capitol Records, and many more.
By (a) selling only live content through our platforms, to include not just major and independent label content, but creating
and scaling our own “instant” live exclusive content, (b) processing and paying mechanical royalties on instant live content, and
(c), ensuring proper accounting and payment to rights holders of material played in venues, VNUE has a perfect trifecta of
solutions that will revolutionize the live music business.
For more information about VNUE, please visit ir.vnue.com.
Forward-Looking Statements
Certain statements and information in this press release are forward-looking statements and may contain forward-looking
information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of
1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this
press release, including, without limitation, statements regarding potential future plans and objectives of the company, are
forward-looking statements based on our current plans and expectations and are subject to risks, uncertainties, and assumptions.
Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that
could cause actual results and events to differ materially from those in the forward-looking statements including those risks set
forth in our periodic filings with the Securities and Exchange Commission. There can be no assurance that such statements will
prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. New
risks emerge from time to time. It is not possible for management to predict all such risk factors or to assess the impact of such
risks on our business which could prevent the prompt implementation of any strategically significant plan(s) outlined above.
Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new
information, future events, or otherwise, after the date of this release.
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MEDIA CONTACTS: For VNUE/DISCLIVE Laurie Jakobsen / laurie@jaybirdcom.com
