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Posted On: 01/19/2022 3:00:38 PM
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NetworkNewsBreaks – Friendable Inc. (FDBL) Announces New Details Regarding Its Strategic Acquisition
Friendable (OTC: FDBL), a mobile technology and marketing company, today released additional details relating to its recent acquisition of music distribution company Artist Republik. Following the development and growth of Friendable’s livestream artist offering, management identified expansion opportunities in the music distribution and services sector, which are services that truly allow artists, most often independent artists, to be heard. The Fan Pass Live platform acts as the artist’s label or manager, in a sense, by providing these unique services and managing all that comes with them. “Artist Republik has experienced great momentum in music distribution,” said Friendable CEO Robert A. Rositano Jr. “And now Friendable and Fan Pass are the beneficiaries of approximately 100,000 artists alongside these revenues that exceeded $450,000 in approximately eight months of 2021, of which our combined audit and 10k will provide all the details when filed. We also have the need to update technologies, bug fix and expand resources to increase these current and historical revenues, so it was a real no-brainer for us to pursue the opportunity and, ultimately, complete the acquisition of Artist Republik. It was a bonus to have such great synergies with our branding, marketing, people, technology and relationships, as well.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Friendable (OTC: FDBL), a mobile technology and marketing company, today released additional details relating to its recent acquisition of music distribution company Artist Republik. Following the development and growth of Friendable’s livestream artist offering, management identified expansion opportunities in the music distribution and services sector, which are services that truly allow artists, most often independent artists, to be heard. The Fan Pass Live platform acts as the artist’s label or manager, in a sense, by providing these unique services and managing all that comes with them. “Artist Republik has experienced great momentum in music distribution,” said Friendable CEO Robert A. Rositano Jr. “And now Friendable and Fan Pass are the beneficiaries of approximately 100,000 artists alongside these revenues that exceeded $450,000 in approximately eight months of 2021, of which our combined audit and 10k will provide all the details when filed. We also have the need to update technologies, bug fix and expand resources to increase these current and historical revenues, so it was a real no-brainer for us to pursue the opportunity and, ultimately, complete the acquisition of Artist Republik. It was a bonus to have such great synergies with our branding, marketing, people, technology and relationships, as well.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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