In an age where the music rights have been gaining popularity among investors, with Bob Dylan selling his entire songwriting catalog to Universal Music for a whopping $300 Million last year, the industry is in the spotlight. VNUE Inc. (OTC-PNK:VNUE) is an exciting participant in this space. The company announced today that it signed Nashville country artist Carissa Biele for an exclusive Artist Services and Development deal. The signing represents the continued expansion of VNUE’s Artist Services division.
VNUE is carrying on business as a live entertainment music service company, which brings bands and fans together by capturing audio and video recordings of live performances and delivers the experience of a venue to home and hand. By streamlining the processes of curation, clearing, capturing, distribution and monetization, it manages the complexities of the music ecosystem. It is also branching into many other entertainment experiences comedy, plays, musicals, university lectures, professional demonstrations and panel discussions.
Traders seemed to be excited on the news as shares traded up to a session high of $0.018/share (+44.5%) following the news. This move is a strong continuation of the success the stock has had over the last few months.
