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.
VNUE, Inc. (OTC: VNUE) has acquired StageIt and is implementing significant changes to prioritize artists and drive positive EBITA quickly. The previous management has been replaced, and Lou Mann has been appointed CEO. VNUE has already paid off over $1 million in StageIt’s debt and reduced the workforce by over 90%. StageIt generated approximately $600K in revenue since December 1, 2021, with expectations to reach $3-4 million in total revenue for 2022. VNUE plans to integrate StageIt with its other platforms to enhance revenue opportunities.
On February 21, 2022, Zach Bair, CEO of VNUE (OTC: VNUE), launched his new single, The Great Divide, which has garnered critical acclaim for its positive message of unity. The song addresses societal divisions and advocates for acceptance, particularly for those with disabilities, including autism. Produced by Grammy-winning professionals, the single is highlighted as a timely piece reflecting current global sentiments. The Great Divide is available on major streaming platforms, with the official music video set for release on February 25, 2022.
VNUE, Inc. (OTC: VNUE) has appointed Witt Stewart, a seasoned Nashville music executive, as Strategic Marketing Consultant for Country & Americana. Stewart, known for managing artists like Carole King and producing Grammy-winning albums, brings extensive industry experience. He expressed enthusiasm for partnering with VNUE, particularly following its acquisition of StageIt. CEO Zach Bair highlighted Stewart’s industry connections as vital for VNUE's growth. VNUE is a technology company focused on monetizing live music experiences, including platforms such as set.fm and Soundstr.
VNUE, Inc. (OTC: VNUE) has officially acquired StageIt, a well-known ticketed livestream platform, on February 14, 2022. This strategic acquisition aims to enhance VNUE's artist-centric products by integrating StageIt's platform and its database of over one million subscribers. VNUE CEO Zach Bair emphasized the significant potential to monetize StageIt’s resources, especially in the aftermath of COVID’s impact on the music industry. The acquisition is expected to create new revenue opportunities for artists, while Lou Mann will lead StageIt under VNUE’s umbrella.
VNUE, Inc. (OTC: VNUE) has secured $1.5 million in equity funding from GHS Investments for the acquisition of StageIt, Inc., a prominent ticketed livestream company. This funding may increase to a total of $3 million with an additional warrant issued to GHS. CEO Zach Bair expressed confidence that this transaction marks a significant advancement for VNUE, enhancing its offerings in the live music space. The acquisition is expected to finalize shortly, positioning VNUE to integrate StageIt into its artist-centric services.
VNUE, Inc. (OTC: VNUE) provided a year-end update emphasizing its acquisition of StageIt, anticipated to close in early January 2022, which will significantly enhance its offerings. The company reports substantial advancements in its Soundstr technology, achieving over 75% accuracy in live music identification and nearly 100% for recorded music. VNUE reduced convertible debt from $2 million to approximately $635,000, improving its prospects for uplisting to the OTCQB. Ongoing litigation against toxic lenders aims to recover lost value for shareholders, amid positive momentum anticipated in 2022.
VNUE, Inc. (OTC: VNUE) will welcome Evan Lowenstein, founder of StageIt, to its board of directors following the acquisition of StageIt, currently in the final stages. Lowenstein, renowned in the live-streaming ticketing space, aims to leverage VNUE's offerings alongside CEO Zach Bair. During his tenure at StageIt, he achieved $4M in revenue in under 10 weeks, although the company faced challenges under new management. His collaboration with Bair marks a strategic move to enhance VNUE's growth and creativity in the industry.
VNUE, Inc. (OTC: VNUE) hosted an intimate streaming concert with Rob Thomas on November 8, 2021, raising over $130,000 for Sidewalk Angels Foundation. This organization, founded by Thomas and his wife, supports no-kill animal shelters globally. The concert was streamed from Daryl's House, NY, using the StageIt platform. VNUE is in the process of acquiring StageIt to expand its services, enhancing its mobile content distribution capabilities. CEO Zach Bair expressed excitement about the fundraising success and the potential of integrating innovative technologies.
VNUE, Inc. (OTC: VNUE) announced an exclusive Livestream concert featuring Rob Thomas on November 8, 2021, at 8 PM via the StageIt platform. This event coincides with Thomas's new Christmas album, and proceeds will benefit the Sidewalk Angels Foundation. Ticket options include rewards such as a ZOOM call with Thomas and a signed guitar, available now on StageIt. VNUE is in the process of acquiring StageIt, enhancing its offerings to artists and fans while creating new revenue streams.
VNUE, Inc. (OTC: VNUE) announced a restructuring of its largest creditor's debt, reducing a 10% convertible note of $857,157 into an 8% non-convertible promissory note, due September 30, 2022. CEO Zach Bair emphasized this as a vote of confidence from YLimit, eliminating concerns over potential dilution of shares. The restructuring significantly decreases convertible debt from $1,956,922 to $635,714, with a derivative liability reduction to zero. This move positions VNUE favorably for its goal to uplist to the OTCQB market.