Through VNUE, Inc., our wholly owned subsidiary, we now carry on business as a
live entertainment music technology company which brings bands and fans together
by capturing professional quality audio and video recordings of live performances
and delivers the experience of a venue to your home and hand.
By streamlining the processes of curation, clearing, capturing, distribution
and monetization of music performances, VNUE manages and simplifies the complexities
of the music ecosystem.
VNUE produces and captures rich content through its Front of House mobile application
and provides world-wide distribution and monetization of live concerts and other
events through a suite of mobile, web administration applications, allowing
an artist to seamlessly deliver and sell their live performances directly to
the fans who attend their shows.
While VNUE will primarily be used in live music venues, we are also branching
into many other entertainment experiences such as comedy, plays, musicals, university
lectures, professional demonstrations and panel discussions, as well as action
sports and religious events.
VNUEs business model is based on the business to consumer VNUE software application,
now in beta testing, as well as business to business monetization of our back
end rights clearing system software, which is currently in development with
a projected beta some time during the second quarter 2017.
We are a relatively new company and to date we have received no revenues from
our operations. VNUE, Inc., our wholly owned subsidiary, only recently commenced
operations and we have undertaken only organizational activities and software
application development. Our independent auditors have raised substantial doubts
as to our ability to continue as a going concern without significant additional
financing. Accordingly, for the foreseeable future, we will continue to be dependent
on additional debt and equity financing in order to maintain our operations
and continue with our development activities.
Acquisitions will be pursued where the Directors consider that there is clear
value through the addition of expertise, customers, monetization potential or
geographic footprint.
Our principal offices are located at 104 W. 29th Street, 11th Floor, New York,
NY 10001. Our telephone number is 857-777-6190. The live music and entertainment
space is constantly searching for new monetization outlets; VNUE has a solution
that melds content and technology in almost any venue in the world. This befits
not only artist, labels, publishers and live venues but the fan.
VNUE was founded in August of 2013 by Matthew Carona and Louis Mann with the
vision of creating a collective network of connected venues that empower and
assist bands, artist, and entertainers to monetize their performance (audio
& video) in the venue using mobile technologies. VNUE has developed its
business and technology in tandem to enter into deals with venues, artists and
labels across the United States using this initial launch strategy. The collective
venue network effect, whereby each deal makes the offer more compelling to other
potential customers, has been a key driver of VNUE’s growth to date. The
initial focus of the business in early 2014 as a YouTube certified company,
to create a Multi-Channel Network (MCN) specifically focused on live streaming
and monetization of content through the Google display network. VNUE’s
first customer being the HipHopGods (HHG), a collective organization that manages
hip-hop, rap, and emerging artists. Their initiative was to monetize all content
across the digital and social landscape and create live streams through all
HHG YouTube channels. Through VNUE’s current platform, network and services,
HHG is working on unlocking new revenue streams. Through VNUE’s artist
dashboard artists and publishers can simplify the processes of curation, clearing,
capturing, distribution and monetization in venues and across the digital landscape.
In 2014, VNUE acquired Lively LLC a Seattle based music technology company
and direct-to-fan mobile platform that brings artists, fans and brands together
by capturing the live performance. As a result of the acquisition, VNUE has
grown its platform, expanded into enabled venues and enhanced its platform offering
to approve the monetization model and further evangelize the creation of the
collective network of connected venues that empower artists to create content
and monetize it.
The Company conducted a reverse stock split of the Company’s common stock
at a ratio 1 for 10 of each share issued and outstanding on the effective date
of April 15, 2017. The reverse was effective as to the market on August 7, 2017.
All historically reported share amounts within have been adjusted to reflect
the reverse stock split.
The company’s cloud-based software platform, contains four major pieces
of intellectual property, based on a full stack Amazon Web Services deployment
on which we support our mobile app, our Cross Platform Desktop Player, our VNUE
Front of House (FOH) (for capturing soundboard audio), and the Artist Admin
Portal for digital rights clearing and management of all artists, shows, and
content. This technology is based on current languages and technologies and
has been designed to be easily deployed and maintained. Currently, our software
is being held as a proprietary trade secret and there are no current intentions
to formally file documents with the United State Patent and Trademark Office;
however, we may do so in the future.
VNUE’s Audio Manager is called Front of House. Sound Engineers at a music
venue can use the Front of House application to capture performances for a band
on any given night and immediately distribute digitally to patrons. The VNUE
Front of House (FOH) is a mobile audio capture/upload tool that allows the user
to capture a stereo feed from a live performance, split it into individual tracks,
and upload m4a files of each track directly to the VNUE server for distribution
through the VNUE Platform (Web, Mac, mobile applications). In addition, VNUE
software associates the newly created live recording with its master track ID,
automating publishing while the fans are still in the venue. Additionally, the
system has an automated backend process anchored into a separate dashboard to
handle the clearing and publishing aspects associated with the audio/video distribution
and sale.
The Venue Artist Admin portal, an enterprise level content management system
with administration features, allows VNUE to oversee all content and copyright
clearances for artists, venues, labels and publishers. Each artist, label and
publisher will receive a custom dashboard for their respective industry need.
Using VNUE’s suite of consumer focused products fans can relive a life-changing
show from the night before, or catch up on their favorite band’s recent
show on tour across the world. Shortly after a show’s conclusion, it is
available for purchase on VNUE’s web, mac and mobile applications. In
addition, 24 hours post show the audio and or video will also be syndicated
for sale across our distribution network for all fans to enjoy.
Moments after the show is done, the Front of House compiles the file for sale
at the venue. All of a sudden your phone buzzes with a notification from VNUE,
telling you the venue you’re still standing in, is now and exclusively
offering the audio or video for a price determined before the show.
VNUE partners with artists to record and quickly deliver live shows to fans
in studio-quality audio and video. Content is purchased and downloaded in the
app moments after the show so fans can stay connected to the band even when
they arent looking up.
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