InvestorNewsBreaks – Friendable Inc.’s (FDBL) 360-Degree Platform is Changing Music Industry Dynamics in Favor of Artists
Friendable (OTC: FDBL), a mobile technology and marketing company, has identified and is addressing a notable problem in the music industry. “On average, most musicians lose 90% of their streaming revenue to record labels, 10% to booking agents, and up to 20% of their overall revenue to managers. In addition, many artists who sign with labels feel a lack of support and are financially burdened by strict contracts,” explains a recent article. “Friendable’s solution to these industry issues is the Fan Pass Live and Artist Republik 360 platform, which provides next-level support for artists. The platform could solve outdated practices of music labels and improve support for artists in production, distribution and marketing… With Fan Pass Live, artists collect more of the revenue they earn from fan tips, monthly artist contests, and merchandise and ticket sales. These revenues accrue to the artist instead of being in the hands of a middleman or record label, changing the dynamics of the industry in favor of the artist over the management entity. Artists also get the support they need from staff knowledgeable about the music industry, providing professional and personal feedback and guidance.
To see the full article, visit https://ibn.fm/tQ60n
About Friendable Inc.
Friendable is a mobile technology and marketing company focused on developing and identifying branded products, services and opportunities with mass market potential and scalability. Friendable released its first mobile app on the Apple App Store and Google Play Store in 2014 under the social networking and dating category. The Friendable app has reached over 1.5 million downloads, ranked in the top 10 worldwide, and has led to celebrity-related marketing opportunities and various relationships with well-known music artists as well as promising independent artists. Friendable has since shifted its business activity towards its music artist offering, a one-of-a-kind 360 artist platform. Offering now includes Music Production/Collaboration, Music Distribution (Spotify, SoundCloud, Play Listing, Live/Live Events, Promotions, Ticket Sales, Backstage, Merchandise Designs/Store/Ship, advice, interaction with fans, subscription offers, etc., all of which mean revenue sharing and revenue for all music artists.The company’s goal is to become the new point of launch for independent artists, as well as artists at all levels, as they build engagement, revenue, and fans/subscribers. Launched on July 24, 2020, the Fan Pass live streaming platform s proved invaluable to artists and fans alike as performances transitioned from stage to screen, with its acquisition of Artist Republik and FeaturedX in January 2022. Friendable was founded by brothers Robert A. Rositano Jr. and Dean Rositano, qu i have over 27 years experience working together on technology related projects. For more information, visit https://ir.Friendable.com, www.FanPassLive.com, www.ArtistRepublik.com a and www.FeaturedX.com.
NOTICE TO INVESTORS: The latest news and updates regarding FDBL can be found in the company’s newsroom at http://ibn.fm/FDBL
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