Intercept Music, Wholly Owned Subsidiary of Sanwire Corp, Adds Online Retail Commerce To Expand Revenue Streams
Intercept Music, Wholly Owned Subsidiary
of Sanwire Corporation, Adds
Online Retail Commerce To Accelerate and Expand Revenue
Streams
Los Angeles,
CA -- May 28, 2020 -- InvestorsHub NewsWire -- Intercept
Music, Inc. (“Intercept”), wholly owned subsidiary of Sanwire
Corporation, (“Sanwire” or “the Company”) (OTC:
SNWR) has added customized online retail stores to the
independent artists and bands enrolled in its Intercept Plus
enhanced services program. Each artist can opt for a turnkey,
customized storefront stocked with branded merchandise, with
Intercept gaining a share of gross
revenue.
Now,
Intercept’s cohort of artists within the Intercept Plus program
gain a powerful way to immediately monetize their music beyond
performances and music sales. Intercept Plus is an enhanced
service-level offering extended by invitation only to select
artists and bands, on a revenue-sharing model. By offering their
fans top-quality merchandise including apparel such as T-shirts,
hats and hoodies through the Intercept-created stores, independent
artists significantly expand their revenue potential among their
fan bases. Intercept handles all order production, processing and
fulfillment, streamlining the process for artists and eliminating
customer service and inventory
issues.
The
introduction of retail services bolsters Intercept’s revenue
streams beyond monthly subscription income from its core suite of
online music marketing, promotion and distribution. Retail
prices on promotional merchandise sold in the artists’ custom
stores are at or below market level, and provide sufficient margin
for both artists and Intercept to realize revenue opportunity.
Additionally, Intercept artists and bands are incentivized to
promote ongoing sales through their own branded stores, extending
sales opportunities on behalf of
Intercept.
Each
customized band storefront operates on the engine used by
shop.interceptmusic.com. The rollout of artist stores will take
place in several phases of five bands each, with the first phase
launching today.
“Our music
industry experience has made it clear that merchandise sales are a
crucial component of independent artists’ overall revenue and
business model,” said Tod Turner, president of Intercept. “We are
making good on our promise to provide a complete suite of services
designed to help the indie artist succeed. These plug-and-play
retail stores are as important to the artist community as they are
for us.”
About Intercept
Music, Inc.
Intercept Music,
Inc. is an entertainment technology company
dedicated to helping independent artists
effectively distribute, market, and monetize their music. Sold
through a Software as a Service (Saas) model, Intercept’s online
platform delivers an unsurpassed combination of marketing,
promotion, and distribution to hundreds of stores worldwide and
every major streaming service, including Apple Music, Google Music,
Pandora and Spotify. Intercept’s options include full-service,
concierge-style support and even one-on-one coaching from
award-winning music industry professionals. Intercept focuses
exclusively on the independent music market, which is
estimated at 12 million artists, and is the fastest-growing sector
of the music industry. For more information,
visit interceptmusic.com.
About Sanwire
Corporation
Sanwire
Corporation (OTC:
SNWR), a diversified company with a focus on technologies for
the entertainment industry, has been involved in aggregating
technologies for a number of years. We look for opportunities in
fragmented markets, where technology can be applied to consolidate
services into a single platform of delivery. Our current focus is
advanced entertainment technologies. For more information,
visit sanwirecorporation.com.
For
further inquiries, contact ir@sanwirecorporation.com,
casper.casparian@interceptmusic.com,
or (424) 835-0833.
Safe Harbor
Statement:
Forward-Looking Statements are included within the meaning of
Section 27A of the Securities Act of 1933, and Section 21E of the
Securities Act of 1934, as amended. All statements regarding our
expected future financial positions, results of operations, cash
flows, financing plans, business strategy, products and services,
competitive positions, growth opportunities, plans and objectives
of management for future operations, listing on the OTC Markets,
including words such as "anticipate," "if," "believe," "plan,"
"estimate," "expect," "intend," "may," "could," "should," "will,"
and other similar expressions are forward-looking statements and
involve risks, uncertainties, and contingencies, many of which are
beyond our control, which may cause actual results, performance, or
achievements to differ materially from anticipated results,
performance, or achievements. We are under no obligation to (and
expressly disclaim any such obligation to) update or alter our
forward-looking statements, whether as a result of new information,
future events or otherwise.
Sanwire (PK) (USOTC:SNWR)
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부터 12월(12) 2024 으로 1월(1) 2025
Sanwire (PK) (USOTC:SNWR)
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부터 1월(1) 2024 으로 1월(1) 2025
