Vnue Inc Stock Price, News & Analysis

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.

VNUE, Inc. (OTC:VNUE) has announced that its ICON metaverse program is nearing completion, with the VNUE Metaverse Merchandise Store at 70% completion. This innovative store will enable the purchase of real merchandise using real currency, transforming event merchandising in the metaverse. CEO Zach Bair emphasized this as a groundbreaking opportunity for revenue generation, similar to traditional merchandising in physical events. VNUE is collaborating with the prominent South American Roblox developer Kokku to create a multi-stage virtual music festival experience on Roblox, targeting over 50 million daily active users.

VNUE, Inc. (OTC: VNUE) announced on March 16, 2023, the retention of the Boca Raton-based Hamilton & Associates Law Group to assist in its planned uplisting to NASDAQ. The law firm will draft the necessary Registration Statement and disclosures for an upcoming $15MM to $20MM capital raise. This strategic move is intended to enhance VNUE’s market presence and operational growth. CEO Zach Bair emphasized prior successful collaborations with the firm, noting their expertise in securities law. The uplisting represents a critical step in VNUE's growth trajectory within the music technology sector.