VNUE Presents Company Update For 2021

NEW YORK, Jan. 5, 2021 /PRNewswire/ — VNUE Inc. (OTC: VNUE) now issued a favourable update about the Firm’s business enterprise potential customers as it seems to be forward to 2021.

Irrespective of the intense setbacks in phrases of the touring small business in 2020 which were being entirely out of our handle thanks to Covid-19, the Firm continues to be self-confident that the reside new music industry will bounce back in 2021.  In 2020, the significant tour that VNUE was booked to history, Matchbox Twenty, was postponed from final July but is on the books for commencement in July of 2021.  Moreover, we be expecting many artists and labels will be trying to find additional earnings sources when they start out to tour once more, looking to make up for losses they experienced in 2020. The VNUE team is by now conducting outreach in that regard.

As an additional enhance, Congress passed the $15bn Conserve our Stages Act, which authorizes the Tiny Business enterprise Administration to make grants to suitable stay songs location operators, producers, promoters, or talent reps.  VNUE expects this to have a incredibly good influence on the company’s reside audio recording and output organization.

In addition to all of the favourable work that the Firm has completed in regard to its proprietary Soundstr audio recognition technology, which led to the deployment of multiple beta examination sites as perfectly as the announcement about professional deployments in new RockHouse Live spots, VNUE also operates the Enterprise with a very lower overhead composition.  This has enabled the Business to enter 2021 as a viable entity as opposed to quite a few other enterprises in the new music field and music technology space who have develop into bancrupt.

Soundstr identifies new music played in bars, dining places, radio stations and other firms, and will support to reduce licensing fees though at the exact same time assisting to ensure the appropriate songwriters and artists get royalties.&#13

The Firm is also encouraged about the latest major raise in our stock selling price. We believe this maximize demonstrates the worth of our Soundstr technology, our established.fm live new music production and distribution technologies, and positions us effectively to make improvements to our liquidity in 2021.  As earlier disclosed, the Organization has been in significant discussions with several entities to improve our stability sheet and to provide extra liquidity and functioning capital for our organization.

About VNUE, Inc. (www.vnue.com)
VNUE, Inc., (OTC: VNUE)  is a audio technological know-how company dedicated to monetizing the reside music working experience for artists, labels, writers, and publishers, with products and solutions this kind of as its set.fm instant information distribution platform (www.set.fm), special license associate and “instant dwell” pioneer DiscLive (www.disclive.net), and defending the rights of artists and writers with the company’s Soundstr songs recognition technologies (MRT) (www.soundstr.com).  The veteran entrepreneurs, artists and songwriters behind VNUE, led by new music and tech entrepreneur and recording artist Zach Bair, are passionate about the foreseeable future of their sector and making certain that rights holders’ benefit is not shed amid always-switching technological know-how. 

Harmless Harbor Assertion
This push launch may possibly contain forward-on the lookout statements which are based on current anticipations, forecasts, and assumptions that entail threats and uncertainties that could cause precise outcomes and results to vary materially from these predicted or predicted, which include statements linked to the amount and timing of predicted revenues and any payment of dividends on our common inventory, statements associated to our economical efficiency, expected profits, distributions, and long run progress for forthcoming quarterly and annual intervals and the other hazards set forth in Company’s filings with the U.S. Securities and Trade Commission, which includes our Yearly Report on Form 10-K and our Quarterly Studies on Sort 10-Q as filed from time to time. Actual benefits and the timing of selected situations could vary materially from individuals projected in or contemplated by the forward-seeking statements because of to a selection of factors. We have incurred and will continue to incur major costs in the enlargement of our current and new support lines, noting there is no assurance that we will crank out sufficient revenues to offset those people charges in both equally the in close proximity to and very long term. All ahead-seeking statements discuss only as of the date of this push launch. We undertake no obligation to update any forward-searching statements or other information contained herein. Stockholders and opportunity traders ought to not put undue reliance on these forward-hunting statements.

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Source VNUE, Inc.