Welcome to our dedicated page for Vnue news (Ticker: VNUE), a resource for investors and traders seeking the latest updates and insights on Vnue stock.
VNUE, Inc. (OTC: VNUE), transitioning to operate as Redacted Optics, generates news that spans both its legacy music technology activities and its newer focus on defense-related optics and digital imaging. Recent announcements describe a change in strategy and direction in which Redacted Optics assumes control of VNUE, with an official name change in progress and a stated focus on advanced firearm optics, thermal imaging, and augmented glass solutions for defense, law enforcement, and commercial users.
Historically, VNUE news has centered on live music monetization, artist services, and technology partnerships. The company has issued updates about StageIt livestream events, such as tribute concerts, and about recording and releasing live tour audio through its DiscLive and set.fm platforms. Press releases have also covered the growth of its Soundstr music recognition technology, which aims to bring more transparency to public performance royalties, and the expansion of VNUE Radio in association with Sophia’s Mission and NEWHD Media to major streaming platforms.
Other VNUE news items have highlighted collaborations and strategic initiatives, including an MOU with XR company Eyeora to explore extended reality experiences for artists, the formation of an Artist Services Division, and advisory relationships to develop a Sports Division that applies VNUE’s platforms to sports-related fan engagement. As the company transitions toward Redacted Optics, news coverage also includes statements from new leadership outlining plans to develop next-generation optics, explore acquisitions, and pursue opportunities in defense and law enforcement technology markets.
Investors, artists, and industry observers can use this news feed to follow corporate strategy updates, product and platform developments, livestream event announcements, and the ongoing evolution from a music technology focus toward optical and digital imaging under the Redacted Optics banner.
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VNUE, Inc. (OTC:VNUE) is introducing a virtual ticket booth as part of its VNUE Icon Project, aimed at generating revenue through ticket sales within the metaverse. This innovative approach seeks to replicate traditional ticketing economics, which have been dominated by companies like Ticketmaster. In partnership with Kokku, a Roblox developer, VNUE aims to create a persistent multi-stage festival experience on Roblox, which boasts over 50 million daily active users. The VNUE Fest will continuously offer free and ticketed events, including concerts and listening parties, while also providing interactive elements and eMerch. VNUE's Soundstr MDM platform will ensure compensation for rights holders. CEO Zach Bair emphasizes their commitment to monetizing the metaverse.
VNUE, Inc. (OTC: VNUE) reported a substantial operating loss of $22,973,109 for the year ending December 31, 2022, contrasting with a net income of $2,920,382 in 2021. Key non-recurring expenses included $15,300,000 for Series C Preferred Stock issuance and $4,261,683 for goodwill impairment. Adjusted net loss from operations was $1,496,693 in 2022 compared to $984,839 in 2021. Despite the losses, VNUE highlighted strategic milestones such as securing $1,500,000 in equity funding for the StageIt acquisition and partnering with Roblox for a metaverse concert project. The company also launched its Soundstr music recognition platform and expanded StageIt internationally. CEO Zach Bair remains optimistic about future growth, emphasizing significant progress despite the challenges faced in a post-COVID environment.
VNUE, Inc. (OTC: VNUE) has partnered with Full Option LLC to expand its live streaming platform, StageIt, into Saudi Arabia. This collaboration aims to deliver live and taped music performances to a global audience. Full Option will leverage its network to enhance artist visibility on StageIt, with exclusive rights to book performances in Saudi Arabia. They will ensure robust internet access for seamless streaming at each venue.
CEO Lou Mann highlighted the opportunity to share diverse music and cultures, while Full Option's CEO Abdullah Danish emphasized the innovative growth potential in the region. StageIt, acquired by VNUE in February 2022, is recognized as a leading live-streaming platform connecting artists and fans, enhancing the monetization of live music experiences.
VNUE, Inc. (OTC: VNUE) is set to capture and distribute live recordings from Matchbox Twenty's upcoming 2023 'Slow Dream' tour. The company will offer limited edition double CD sets and digital downloads through its partner DiscLive. Fans can purchase these 'instant live' CDs via Ticketmaster during ticket purchases or at the concerts, starting May 16, 2023, in Vancouver. Matchbox Twenty is releasing their first album in over ten years, 'Where the Light Goes', on May 26, 2023. This collaboration marks a new venture for VNUE, emphasizing their commitment to monetizing live music experiences.
VNUE, Inc. (OTC: VNUE) has announced plans to record Matchbox Twenty's 2023 "Slow Dream" tour, offering collectible double CD sets and digital downloads in partnership with DiscLive. The company's collaboration with Ticketmaster allows fans to pre-purchase these "instant" live CDs during ticket purchases. Matchbox Twenty's new album, "Where the Light Goes," is set for release on May 26, with the tour kicking off on May 16 in Vancouver. All CD purchases made for the 2020 tour will be honored for the 2023 tour.