VNUE, INC. (OTCMKTS:VNUE) Files An 8-K Entry into a Material Definitive AgreementItem 1.01 Entry into a Material Definitive Agreement
On September 1, 2018, the Company entered into an initial joint venture agreement with Music Reports, Inc., (“MRI”). Music Reports (musicreports.com), long known as a trusted leader in music rights licensing, administration and royalty accounting, will initially partner with VNUE to provide Performing Rights Organization (PRO) data to VNUE’s Soundstr MRT (music recognition technology) platform through its extensive Songdex database, and will eventually work with VNUE to integrate automated direct licensing capability and royalty payment and distribution into the Soundstr platform. Once a song is identified by Soundstr, Songdex will in turn provide a deep data set such as song ownership as well as the entire chain of rights, including publishers, sub publishers, and PRO information. This data set – an end-to-end chain – will provide Soundstr an eventual path for direct automated licensing of songs (including first ever for “instant live” technologies such as VNUE’s set.fm platform), and the rich data necessary to create a more fair licensing system for bars, restaurants, radio stations, and other brick and mortar establishments that utilize music as well as ensuring the correct songwriters are properly compensated.
Section 7 – Regulation FD
Item 7.01 Regulation FD Disclosure
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 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.
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.