Friendable (OTC: FDBL), a mobile technology and marketing company, has identified and is addressing a notable problem within 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 income to managers. Additionally, 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 problems is the Fan Pass Live and Artist Republik 360 platform, which provides next-level support for artists. The platform could solve outdated musicpractices and enhance artists’ support for production, distribution and marketing… With Fan Pass Live, artists collect more of the revenue they earn through fan tips, monthly artist contests, and merchandise and ticket sales. These earnings go back to the artist instead of in the hands of a middleman or record label, changing the industry’s dynamic in favor of the artist over the managing entity. Artists are also getting the support they need from staff versed in the music industry, giving them feedback and guidance on both professional and personal levels.”
To view the full article, visit https://ibn.fm/WpVY2
About Friendable Inc.
Friendable is a mobile technology and marketing company focused on developing and identifying products, services and brand opportunities with mass market potential and scalability. Friendable published its first mobile application in the Apple App Store and Google Play Store in 2014 in the social networking and dating category. The Friendable app achieved over 1.5 million downloads, top 10 worldwide rankings, and has led to celebrity-related marketing opportunities and various relationships with well-known music artists as well as up-and-coming independent artists. Friendable has since pivoted its business focus to its music artist offering, a one-of-a-kind 360 artist platform. The offering now includes music production/collaboration, music distribution (Spotify, SoundCloud, Play Listing, livestream/live events, promotions, ticket sales, behind the scenes, merch designs/store/ship, tips, fan interaction, subscription offerings, and more, which all equal revenue sharing and earning for all music artists. It is the company’s goal to become the new launch point for indie artists, as well as artists at all levels, as they build engagement, revenue and fans/followers. Launched July 24, 2020, the Fan Pass livestream platform has proven invaluable for artists and fans alike as performances shifted from the stage to the screen, with its acquisition of Artist Republik and FeaturedX in January 2022. Friendable was founded by brothers Robert A. Rositano Jr. and Dean Rositano, who have more than 27 years of experience working together on technology-related ventures. For additional information, visit https://ir.Friendable.com, www.FanPassLive.com, www.ArtistRepublik.com and www.FeaturedX.com.
NOTE TO INVESTORS: The latest news and updates relating to FDBL are available in the company’s newsroom at http://ibn.fm/FDBL
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