NEW YORK, NY / ACCESSWIRE / November 26, 2018 / Driven by aggressive artist outreach after its successful
acquisitions of the set.fm technology and its partnership with DiscLive, VNUE, Inc. reported a 100% increase in revenues as
compared to the same period last year in its latest 10Q filing, and the company expects revenues in the fourth quarter alone to be
at least three times that of the entire year of 2017.
"In 2016, which was generally devoted to retooling the company, VNUE had not yet achieved revenue generation. In 2017, VNUE
began to move into execution mode, and was just starting to get its feet on the ground with our initial "instant live" recording
deal with former Creed lead singer Scott Stapp," said Zach Bair, CEO of VNUE." After acquiring the set.fm technology that fall, and
starting with our first set of Rob Thomas shows in early 2018, the company has aggressively pursued new engagements with well-known
artists at a staggering rate. We signed no less than 12 artists since the end of that month, including Paul Rodgers (of Bad
Company), King's X, Fishbone, The White Buffalo, Patty Smyth & Scandal, Marc Cohn, Ron Pope, the SiriusXM Hair Nation Tour, The
Music of Cream Tour, and the Vans Warped Tour."
All in all, VNUE has recorded over 113 concerts and approximately 50 total artists in 2018, far surpassing 2017, offering that
exclusive content for sale on its set.fm digital platform and the DiscLive.net website for physical collectible products.
VNUE recently announced another set of shows with superstar Thomas, lead singer of the platinum-selling band Matchbox Twenty,
which will kick off in mid-January. Bair reports that fourth quarter sales are largely driven by Thomas' pre-sales as well as a
successful engagement with the Music of Cream Tour, which just wrapped, as well as catalog sales as the exclusive live content
library continues to grow. He noted that even though the revenues are still relatively small, it is nevertheless a big jump from
last year, and an indicator of the company's solid model as it continues to gain traction.
The company also expects the revenue to grow at an especially compelling rate as the company moves into 2019, in part due to its
Soundstr (soundstr.com) music recognition technology (MRT), which the company acquired earlier this year.
"We are beginning our deployment of Soundstr, which is our patent-pending subscription-based hardware and cloud solution to
identify live and recorded music played in venues as well as other businesses such as bars and restaurants, as well as on radio,
with the dual goals of (a) making sure the correct rights holders are properly compensated, and (b) ensuring business owners have
the opportunity to pay only their fair share for music performance licensing. In the US alone, this is a billion-dollar-plus
market. Globally it is much larger, and we hope that by leveraging our unique technology and partnerships, and by being a first
mover, we can capture a significant portion of it."
Eventually, said Bair, one goal is to combine Soundstr into the company's recording technology, to enable even faster and more
accurate "on-the-fly" identification and licensing of live music that is being recorded and being released instantly.
For more information about VNUE's consumer-facing products, please visit:
www.soundstr.com - Soundstr.
www.set.fm & www.disclive.net - for recorded
consumer products.
About VNUE, Inc. (www.vnue.com)
VNUE, Inc., (OTCQB: 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 such as its set.fm
(www.set.fm) platform and exclusive license partner DiscLive (www.disclive.net); 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 such as Soundstr (www.soundstr.com). 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 Rob Thomas,
Peter Frampton, Bad Company, Devo, Blondie, Wind Up Records, EMI, Capitol Records, and many more. By merging innovation,
technology, and our passion for music, VNUE is creating a trifecta of solutions that will revolutionize the live music
business.
MEDIA CONTACTS:
For VNUE, Inc.
press@vnue.com
Safe Harbor Statement
This press release contains forward-looking statements. Actual results could differ materially from those projected in the
forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this
press release and should not be relied upon as of any subsequent date.
SOURCE: VNUE, Inc.
