VNUE, Inc. (OTC: VNUE) today announced that the company has partnered with Kokku, South America’s largest games and entertainment co-development company, to deliver an ongoing VNUE Festival and a multi-stage experiment on Roblox (NYSE: RBLX) in Q1. of 2023.
Additionally, VNUE has retained ICON Capital Group to raise $15 million or more, to list on the NADSAQ stock market over the next few months.
Bringing the VNUE Festival to the more than 50 million active Roblox users worldwide is the first phase of the company’s plans to develop a simple and transparent process for creating, promoting, distributing and managing events. interactive online games and streaming.
As VNUE shapes the future of entertainment distribution in the metaverse, brands and sponsors will find rich partnership opportunities through naming rights, worldwide activations, and brand positioning opportunities. Artists will be compensated through the VNUE performance agreement model and earn their performance royalties, tracked by VNUE’s Soundstr music recognition technology (MRT).
UNV Festival Entertainment Area – VNUE Festival will run continuously, featuring free and paid concerts, music launches, listening parties and more every day on multiple themed and customizable stages. Fans will experience interactive games, missions, eMerch as well as parental controls for young Roblox audiences. Partners, sponsors and official music curators will be announced in the coming months.
Zach Bair CEO and President of VNUE, said, “VNUE has a long history of creating and delivering innovative forms of music entertainment monetization, such as set.fm and StageIt, and we are expanding dramatically into a new world of channel opportunities, production services, and new deployment opportunities for core technologies such as music identification and Soundstr royalty administration services for the metaverse – the first of its kind. The strategic partnership with Kokku, a proven, top-notch game design and graphics company, will run with customer services and together we will build our iconic virtual “rooms” where performers from music, comedy, sports and more will occupy a virtual residence.”
Jim King VNUE CTO said, “Virtual entertainment is now a global business with worlds of opportunities for branding and partnerships. We have found the right partner in Kokku, whose established global impact and large presence in South America ensures that we are able to not only build these worlds, but also facilitate every step of the virtual event execution process. The rapid evolution of technology and post-quarantine consumption indicate that the virtual space is a crucial market for discovery, interaction and entertainment consumption. In our recent acquisition of live streaming company StageIt and our partnership with Kokku, we create fun, interactive and monetized musical, comedy and other entertainment stages and festival contests where fans are engaged and entertained before, during and after. shows.
Thiago de Freitas CEO of Kokku, said, “We are thrilled to partner with VNUE to bring a persistent entertainment experience to the Roblox platform. Our Metaverse division, in collaboration with VNUE, is ready to bring concerts to a wider audience through the use of technology and creativity, bridging the gap between the real world, the virtual and entertainment. We look forward to creating great and accessible experiences for all users.
Bair and his special adviser, well-known entrepreneur Jock Weaver, closed the deal with ICON Capital Group to transfer the company to NASDAQ.
“The move to NASDAQ is long overdue in my opinion,” Bair said, “but timing is indeed paramount. This exciting new project — bigger than anything we’ve ever done — is exactly the type of catalyst that will can propel the company into a new dynamic where our loyal shareholders will enjoy the fruits of our labor and where the company can have the bandwidth we need to fully execute our disruptive technologies.”
About VNUE, Inc. (www.vnue.com): VNUE, Inc., (OTC: VNUE) is a multi-faceted music technology company dedicated to monetizing the live music experience for artists, labels, songwriters and publishers, with products such as its platform instant content distribution platform set.fm (www.set.fm), its paid live streaming platform, StageIt (www.stageit.com), and protecting the rights of artists and writers with technology Soundstr (MRT) music recognition software (www.soundstr.com). The company is also an exclusive licensing partner and pioneer of the DiscLive “instant” (www.disclive.net), offering fans collectible physical merchandise, such as limited-edition CD sets, by artists such as Matchbox Twenty, Robert Thomas and many more. The veteran entrepreneurs, artists and songwriters behind VNUE, led by a music and technology entrepreneur and recording artist Zach Bair ( www.zachbairmusic.com ), are passionate about the future of their industry and ensuring that the value of rights holders is not lost amid ever-changing technology.
About Kokku: Kokku ( www.kokku.com.br ) is a leading co-development company based in Brazil , providing high quality assets and products ranging from art outsourcing to full game development, porting and remastering, among others. Known for his work with major publishers and developers such as Microsoft, Electronic Arts, Guerrilla Games, Activision, Tencent , Samsung, Warner Bros and Netflix, Kokku has been involved in the production and development of some of the world’s biggest franchises such as Horizon Zero Dawn, Horizon Forbidden West, Call of Duty Black Ops: Cold War and the award-winning The Forgotten City; and was responsible for bringing acclaimed pop culture titles like Netflix’s Stranger Things: Starcourt Mall, Samsung Space Tycoon, and Warner’s Wonder Woman: Themyscyra Experience to the Roblox universe.
This press release may contain forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual results and results to differ materially from those anticipated or expected, including statements relating the amount and timing of expected revenues, statements relating to our financial performance, expected revenues, distributions and future growth for the upcoming quarterly and annual periods. These risks and uncertainties are further defined in the Company’s filings and reports with the United States Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected or contemplated by forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC. Among other things, the Company may not be able to maintain its growth or achieve profitability due to numerous factors, including, but not limited to, general stock market conditions. Reference is hereby made to the cautionary statements set forth in the Company’s most recent filings with the SEC. We have incurred and will continue to incur significant expenditures in expanding our existing and new service lines, and there can be no assurance that we will generate sufficient revenue to offset these costs in the short and long term. Additional service offerings may subject us to additional legal and regulatory costs and one or more unknown exposures based on the different geopolitical locations in which we will provide services, the impact of which cannot be predicted at this time.
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