VNUE, INC. (OTCMKTS:VNUE) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement
On July 10, 2017, the Company entered into a Licensing Agreement with RockHouse Live Media Productions, Inc., DBA “DiscLive” or “DiscLive Network” (“DiscLive”). VNUE has acquired an exclusive license from DiscLive, for a period of three years unless earlier terminated under the Agreement, for the use of all its assets, including but not limited to the DiscLive brand, website (including eCommerce platform), intellectual property, inventory, equipment, trade secrets and anything related to its business of “instant live” recording. Under the terms of the Agreement, DiscLive granted the Company a worldwide exclusive license. In exchange for the license, DiscLive will receive a license fee equal to five percent (5%) of any sales derived from the sale and use of the products and services.
Section 7 – Regulation FD
Item 7.01 Regulation FD Disclosure
On July 14, 2017 VNUE, Inc. issued a press release regarding the license agreement with DiscLive. The press release is attached to this Report as Exhibit 99.1.
By filing this Current Report on Form 8-K and furnishing the information contained herein, the Company makes no admission as to the materiality of any information in this report that is required to be disclosed solely by reason of Regulation FD. The information contained in the Slides is summary information that is intended to be considered in the context of the Company's Securities and Exchange Commission ("SEC") filings and other public announcements that the Company may make, by press release or otherwise, from time to time. The Company undertakes no duty or obligation to publicly update or revise the information contained in this Current Report on Form 8-K, although it may do so from time to time as its management believes is warranted. Any such updating may be made through the filing of other reports or documents with the SEC, through press releases or through other public disclosure.
Section 8 – Other Events
Item 8.01 Other Events.
On July 14, 2017 Vnue, Inc. paid its convertible promissory note obligation to Tarpon Bay Partners, LLC and Registrant has no further outstanding contractual obligations with Tarpon Bay Partners, LLC or its principal owner, Stephen Hicks.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits.
VNUE, Inc. ExhibitEX-10.1 2 vnue_ex101.htm LICENSE AGREEMENT vnue_ex101.htmEXHIBIT 10.1 License Agreement This License Agreement (this “Agreement”) is made effective as of July 10,…To view the full exhibit click here
About VNUE, INC. (OTCMKTS:VNUE)
VNUE, Inc. (VNUE) is a development-stage company. The Company is carrying on business as a live entertainment music service company, which brings bands and fans together by capturing audio and video recordings of live performances and delivers the experience of a venue to home and hand. By streamlining the processes of curation, clearing, capturing, distribution and monetization, it manages the complexities of the music ecosystem. The Company captures content through its Front of House mobile application and provides distribution and monetization through a suite of mobile, Web administration applications, allowing an artist to deliver and sell their live performances directly to the fans attending their shows. VNUE is primarily used in live music venues. The Company is also branching into various other entertainment experiences, such as comedy, plays, musicals, university lectures, professional demonstrations and panel discussions, as well as action sports, among others.
