New York, NY (Top40 Charts) As the live music and entertainment industries continue to grapple with the impacts of the global COVID-19 pandemic, artists, bands and musicians have come to rely on live streaming platforms, services and apps to connect with their fans and to generate (or replace) lost revenues. Many of the popular live streaming platforms do not have built-in monetization features. With this being the case, artists are turning to the "tip jar" model via third-party payment solutions such as Venmo and PayPal to engage fans in commerce. In addition to tip jars, virtual ticketing platforms have emerged as a means for artists to include a fee for access to their live performance. However, there are no platforms dedicated to specifically monetizing the live audio gleaned from these streaming performances - except one: VNUE's (OTC:VNUE) Set.fm.
Set.fm is a tested and respected platform for live streaming, audio recording, fan engagement and monetization that VNUE has utilized for such major artists as Rob Thomas, the Vans Warped Tour, Patty Smyth and Scandal, and many others. Leveraging years of experience in live recording, live streaming and content distribution, Set.fm enables artists to capture high-quality audio generated from a livestream performance, and monetize the content in a simple and elegant way. The ease of use for both artist and fan makes Set.fm a standout in the ever-expanding space for the monetization of live music.
The Set.fm platform allows artists to upload and sell virtual performances from a main hub (web or iOS) which comes complete with plugins for many popular DAW's on the market including Logic, Reaper, and Garageband, to enable direct live recording and mixing. Artists can run in total DIY fashion, or utilize the services and resources of VNUE's recording, engineering, tech and marketing teams.
Zach Bair, CEO and Chairman of VNUE, has this to say about how their Set.fm platform can add value to artist livestreams:
"Set.fm allows artists to capture the actual audio being performed in a stream - during the stream - which can then be immediately uploaded and offered to fans. Our platform has the flexibility to allow for immediate release, or editing and release at a later time if an artist chooses. The proprietary capture process sends high quality audio to our servers in 'chunks' while the recording is taking place, allowing fans to access the content literally two minutes after a show. Our model for DIY artists is based on a small revenue share from transactions, and the platform has built-in functionality for artists to include charitable giving or donations right from a dedicated artist portal."
For more information about Set.fm, or to sign up for free, please visit www.set.fm.
VNUE, Inc., (OTC: VNUE) is a cutting-edge music technology company dedicated to further monetizing the live music experience for artists, writers, labels, publishers, fans, venues and all stakeholders by creating new and exciting live music (in venue and online) experiences, and by working to ensure the correct rights holders are being fairly compensated. The company is the exclusive licensee of DiscLive Network, the pioneer in "instant live" recording, and the owner and operator of Set.fm, an innovative "instant" music delivery app platform.
VNUE also owns and operates Soundstr - a cloud-based platform utilizing AI and other music recognition technologies (MRT) to identify music played in bars, restaurants, radio stations, and other businesses, and will ensure these businesses pay only their fair share for music licensing while at the same time ensuring songwriters and artists are appropriately paid for their work; thus creating a fully transparent performing rights ecosystem. VNUE is built and run by technologists, artists, songwriters, performing musicians, music and touring executives, and of course fans, who are passionate about the future of the music industry.
