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Sonicbids Launches 'Token Listings' To Offer More Than 60% Of Submissions To Promoters At No Additional Fee To Artist Members

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Sonicbids Launches 'Token Listings' To Offer More Than 60% Of Submissions To Promoters At No Additional Fee To Artist Members
Boston, MA (Top40 Charts/ Sonicbids Official Website) Sonicbids, the leading matchmaking site for bands and music promoters, today announced a new type of Gig Listing on the site, which the company is calling "Token Listings." The launch sponsor of this category Gig Listing is leading online music instrument retailer Musician's Friend. Now, as part of the value of a Sonicbids membership, members can submit to more than 60% of the gigs found on Sonicbids at no additional fee. Members can use their Musician's Friend Tokens to connect to more than half - and soon to grow to 90% - of the Sonicbids' promoter network at no additional charge to their membership fee.

Historically, all of the Gig Listings on Sonicbids carried a submission fee for applying. In July of last year, Sonicbids introduced a beta test of Token Listings to give bands more opportunities to experiment with submitting to gigs. Since that test, more than 14,000 gigs were booked and nearly 1,500 new promoters joined the site to accept submissions from bands. For the first time in the site's history, last month more than 50% of submitting bands on Sonicbids got gigs. The company plans to keep a submission fee-based type of Gig Listing that will be called a "Premium Listing." Exclusive partners such as South By Southwest and CMJ will fall into that category.

"Our sole mission is to empower emerging artists by helping them get gigs and build a sustainable audience. We won't rest until the site does exactly that," said Panos Panay, Founder and CEO, Sonicbids. "We want to remove every barrier preventing an artist from getting a gig on Sonicbids, and we saw the cost associated with applying to multiple gigs every month as a major barrier. We're aiming to offer members, within a few months, up to 90% of the gig listings on the site at no additional cost beyond their membership fee."

Musician's Friend Tokens work as a new form of "currency" on Sonicbids enabling members to submit to gig listings at no additional fee. Musician's Friend Tokens are included as part of the value of a Sonicbids membership. "Sonic" members (the site's basic level) get 10 Tokens per month and "Supersonic" members (the site's premium level membership) will get 25. Tokens renew each month and they are offered on a "use it or lose it" basis. Tokens carry no monetary value on the site.

"We are extremely pleased to work with Sonicbids and pave the road for musicians globally in finding gigs. Together, we're creating opportunities that support our community of gigging musicians and help artists advance their careers," said Keith Brawley, Vice President of Merchandising and Creative, Musician's Friend. "We're thrilled that our sponsorship of this initiative makes it possible for thousands of artists to get gigs. It's aligned with our mission as a business to provide musicians the tools to create and then spread great music."






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