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Saturday, November 26, 2022

VNUE Inc (OTCMKTS: VNUE) Big Move as Co Partners with Kokku to Bring VNUE Festival & Multi-Stage Experience on Roblox and to Uplist to National Exchange

VNUE Inc (OTCMKTS: VNUE) rocketed up well over 100% on Thursday after the Company announced it has partnered with Kokku, South America’s largest gaming and entertainment co-development firm, to bring a continuous VNUE Festival and multi-stage experience on Roblox (NYSE: RBLX) in Q1 of 2023. Additionally, VNUE has retained ICON Capital Group to raise $15MM or more, in order to list onto the NADSAQ Stock Market over the coming months. 

Bringing the VNUE festival to Roblox’s more than 50 million active users worldwide is Phase One of the company’s plans to develop a simple, seamless process for the creation, promotion, distribution, and management of interactive online gaming and streaming events.  As VNUE shapes the future of distributing entertainment into the metaverse, brands and sponsors will find rich partnership opportunities through naming rights, in-world activations, and brand positioning opportunities. Artists will be compensated through the VNUE performance agreement model and earn their performance royalties, tracked by VNUE’s Soundstr music recognition technology (MRT). 

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VNUE Inc (OTCMKTS: VNUE) is a multi-faceted music technology company dedicated to monetizing the live music experience for artists, labels, writers, and publishers, with products such as its set.fm instant content distribution platform (www.set.fm), its ticketed livestream platform, StageIt (www.stageit.com), and protecting the rights of artists and writers with the company’s Soundstr music recognition technology (MRT) (www.soundstr.com).  The company is also exclusive license partner and “instant live” pioneer DiscLive (www.disclive.net), providing fans with physical, collectible products such as limited edition CD sets, by artists such as matchbox twenty, Rob Thomas and many others.  The veteran entrepreneurs, artists and songwriters behind VNUE, led by music and tech entrepreneur and recording artist Zach Bair (www.zachbairmusic.com), are passionate about the future of their industry and ensuring that rights holders’ value is not lost amid always-changing technology. 

We reported on VNUE back in 2020 reporting at the time: “VNUE two main product lines are:

Set.fm™ / DiscLive Network™ – VNUE consumer app platform that allows fans to purchase the concert they just experienced instantly on their mobile device, and “instant” physical collectible products are recorded and sold at shows and online through the company’s exclusive partner DiscLive Network™, the 17+-year pioneer in “instant live” recording.

Soundstr™ – VNUE technology which is a comprehensive music identification and rights management Cloud platform that, when fully deployed, can accurately track and audit public performances of music, creating a more comprehensive and transparent ecosystem for general music licensing and associated royalty payments, and will help to ensure the correct stakeholders are paid through the use of our “big data” collection.

VNUE has made significant progress on its Soundstr MRT (Music Recognition Technology) platform, and testing has been ongoing. The Soundstr platform consists of a cloud-based backend, which includes an admin portal, and custom software deployed on the proprietary Soundstr Pulse™ tablet-based hardware devices.  Soundstr identifies music played at radio stations and physical establishments, such as bars, restaurants, and other businesses, and when deployed, will help ensure that the correct stakeholders such as songwriters and publishers are compensated for public performances of their works. Further to this, because of highly sophisticated tracking technologies, the company expects that the data collected can be used to reduce licensing costs to businesses, whilst simultaneously encouraging other businesses to become properly licensed, due to the aforementioned lower costs.

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VNUE

As stated VNUE announced on Thursday it has partnered with Kokku, South America’s largest gaming and entertainment co-development firm, to bring a continuous VNUE Festival and multi-stage experience on Roblox (NYSE: RBLX) in Q1 of 2023. Additionally, VNUE has retained ICON Capital Group to raise $15MM or more, in order to list onto the NADSAQ Stock Market over the coming months. Bringing the VNUE festival to Roblox’s more than 50 million active users worldwide is Phase One of the company’s plans to develop a simple, seamless process for the creation, promotion, distribution, and management of interactive online gaming and streaming events.  As VNUE shapes the future of distributing entertainment into the metaverse, brands and sponsors will find rich partnership opportunities through naming rights, in-world activations, and brand positioning opportunities. Artists will be compensated through the VNUE performance agreement model and earn their performance royalties, tracked by VNUE’s Soundstr music recognition technology (MRT). 

VNUE Festival Entertainment Space – The VNUE festival will operate continuously, presenting both free and ticketed concerts, music launches, listening parties and more each day across multiple themed and customizable stages. Fans will experience interactive games, missions, eMerch as well as parental controls for Roblox’s young audience. Partners, sponsors, and official music curators will be announced in coming months. Bair and his Special Advisor, well-known entrepreneur Jock Weaver, put together the deal with ICON Capital Group to move the company to NASDAQ.  

Zach Bair, CEO & Chairman of VNUE, said, “VNUE has a long history of creating and delivering innovative forms of music entertainment monetization, for example set.fm and StageIt, and we are expanding dramatically into a new world of channel opportunities, production services, and new deployment opportunities for core technology such as the Soundstr music identification and royalty administration services for the metaverse – the first of its kind.  The strategic partnership with Kokku, a proven and top-rated game and graphics design firm, will unfold with highly valuable client services and together we will build our iconic, virtual “venues” where entertainers in music, comedy, sports, and more will take up virtual residency. The move to NASDAQ is long overdue in my opinion, but timing is indeed everything.  This exciting new project – bigger than anything we have ever done – is exactly the type of catalyst that can propel the company into a new dynamic where our faithful shareholders will enjoy the fruits of our labor and the company can have the bandwidth we need to fully execute on our disruptive technologies.” 

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Currently trading at a $3.9 million market valuation VNUE OS is 1,525,697,266 with 1,237,512,931 shares in the float. VNUE is an SEC filer that carries $12.8 million in assets including $10.4 million in goodwill on its books vs. $14.5 million in labilities and small but growing revenues with $91,000 in sales in Q2, 2022. The stock has rocketed up over 100% after the Company announced it has partnered with Kokku, South America’s largest gaming and entertainment co-development firm, to bring a continuous VNUE Festival and multi-stage experience on Roblox (NYSE: RBLX) in Q1 of 2023. Additionally, VNUE has retained ICON Capital Group to raise $15MM or more, in order to list onto the NADSAQ Stock Market over the coming months. Certainly, if VNUE accomplishes any of this current market valuation will be ancient history. We will be updating on VNUE when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with VNUE.

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Disclosure: we hold no position in VNUE either long or short and we have not been compensated for this article.

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