NetworkNewsBreaks – Friendable Inc.’s (FDBL) 360-Degree Platform Changing Music Industry’s Dynamic in Favor of Artists
Friendable (OTC: FDBL), a mobile technology and marketing company, has identified and is addressing a notable problem within the music industry. “On average, most musicians lose 90% of their streaming revenue to record labels, 10% to booking agents, and up to 20% of their overall income to managers. Additionally, many artists who sign with labels feel a lack of support and are financially burdened by strict contracts,” explains a recent article. “Friendable’s solution to these industry problems is the Fan Pass Live and Artist Republik 360 platform, which provides next-level support for artists. The platform could solve outdated music label practices and enhance artists’ support for production, distribution and marketing… With Fan Pass Live, artists collect more of the revenue they earn through fan tips, monthly artist contests, and merchandise and ticket sales. These earnings go back to the artist instead of in the hands of a middleman or record label, changing the industry’s dynamic in favor of the artist over the managing entity. Artists are also getting the support they need from staff versed in the music industry, giving them feedback and guidance on both professional and personal levels.”
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Friendable (OTC: FDBL), a mobile technology and marketing company, has identified and is addressing a notable problem within the music industry. “On average, most musicians lose 90% of their streaming revenue to record labels, 10% to booking agents, and up to 20% of their overall income to managers. Additionally, many artists who sign with labels feel a lack of support and are financially burdened by strict contracts,” explains a recent article. “Friendable’s solution to these industry problems is the Fan Pass Live and Artist Republik 360 platform, which provides next-level support for artists. The platform could solve outdated music label practices and enhance artists’ support for production, distribution and marketing… With Fan Pass Live, artists collect more of the revenue they earn through fan tips, monthly artist contests, and merchandise and ticket sales. These earnings go back to the artist instead of in the hands of a middleman or record label, changing the industry’s dynamic in favor of the artist over the managing entity. Artists are also getting the support they need from staff versed in the music industry, giving them feedback and guidance on both professional and personal levels.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
