The acquisition will add approximately 100,000 active musical artists, various music distribution services, increased revenues as well as more than tripling the technological assets of the Company.
CAMPBELL, Calif., Jan. 11, 2022 (GLOBE NEWSWIRE) – via NewMediaWire – Friendable Inc. (OTC: FDBL) (the “Company”), a mobile technology and marketing company, is pleased to announce its acquisition and business combination between Fan Pass Live and Artist Republik. This announcement marks the company’s closing of this restricted stock-based transaction and confirms that Artist Republik is now officially a Friendable, Inc. company, alongside Fan Pass.
This acquisition allows Fan Pass Live to leverage existing, new and acquired technologies, as well as the current resources of the company, to increase the historical and ongoing revenues realized by Artist Republik music distribution services to date. The acquisition will consolidate the full range of products and services of the platform and increase revenues, while offering a host of extensive services that allow artists, especially independent artists, to have more control over their music. , positioning Fan Pass Live as the only all-inclusive artist offering.
With a suite of artist-centric services that extend live streaming capabilities and virtual performance options, this powerful combination of support and services offered by Fan Pass Live and Artist Republik will now include music distribution for all artists. , while fans will enjoy access to a variety of artist channels from different genres, exclusive live events, behind the scenes content, artist merchandise and more. The offering also gives artists more autonomy and freedom over their own music, ticketing feeds, blogging / social promotion, custom merchandise development, beats / sample sales and more, all without being signed with a record company or give up their creative rights.
“With the decades-long struggle artists face due to the limitations of a record label, we wanted to give artists the ability to regain control from the start,” says Robert A. Rositano Jr., CEO of Friendable, Inc. “The acquisition of Artist Republik is more important than what is on the surface, as we were also able to retain the CEO and CTO of Artist Republik as initial consultants, assisting us in our efforts to integration and expanding the offer. Additionally, the Artist Republik brand has received numerous accolades from trade and industry publications such as Billboard and Forbes magazines, which fits perfectly with the press efforts of our current Lobeline Communications team as they continue to do know our brand to artists and press specializing in entertainment in general.
“It has always been and always will be a big part of our strategy to test multiple entry points or ‘doors’ that bring artists and fans to our offering, whether they enter through the music distribution door that leads. to the consumption of live streaming services or that the artists come through the livestream, end up consuming the music distribution services, our platform has come full circle, “continued Rositano Jr ..” Over the 15 In recent months, we have been monitoring and discussing a partnership between our companies, as Artist Republik was moving towards the development of live streaming services and Fan Pass was moving towards our own music distribution offering. As our management teams began to engage more frequently, the opportunity arose to combine our two offerings and truly offer a platform and services that would allow Fan Pass to push the boundaries of what we offer. in the music industry with a common philosophy of really putting the artist first. Our services are designed to uplift every artist, attract new fans, build brand awareness and exposure, and most importantly, generate income that the artist keeps, rather than paying off debt created by label advances. We look forward to expanding the Fan Pass Live artist and fan community through this initial acquisition, and we plan to set the stage for additional acquisition opportunities as well as dynamic partnerships that will continue to fuel our growth.
About Artist Republik
Founded in 2018, Artist Republik is an innovative and decentralized network of music companies that empowers independent music artists around the world to take control of their own careers through networking, centralized resources and management tools based on AI.
List of assets, functions and services acquired by Artist Republik:
· Music distribution – (one-off or on subscription) – Stream your music to all major streaming platforms – Apple, Spotify, Google Play, Sound Cloud and more
· Promotion press release – Submit a draft for a blog to post on its page.
· Spotify Playlist – Submit to playlist curators to grow your feeds.
· Elite Reviews – Receive commentary from notable industry artists on your own music.
· Custom ARTSTLNKS – A link to promote your music, merchandise, shows and everything in between!
· Instagram promotions – Develop your audience on social networks by submitting your content for a placed promotion.
· Grow with us – Spotify and SoundCloud growth marketing.
· To master– Mix and / or master your songs.
· Sound store – Buy or sell sounds, rhythms, sample packs and more.
· FeaturedX – Book a guest function, a co-writing, a midi composition or a live instrumental follow-up for your next single. Register to become an artist / creator on FeaturedX!
· Business Resources – Blog Promotion Manager, Reading List Curator, Instagram Curator, Elite Reviewer, Sound Engineer.
Various artists linked to Republik URL, trademarks, copyrights
To support Fan Pass and our artists:
The public can visit the website at www.fanpasslive.com or download the mobile application from Apple app Where google play stores. Fan Pass offers a seven-day free trial, which provides a VIP pass for all access. After seven days, that free trial turns into a paid subscription of $ 2.99 per month, which artists also receive up to 40% in the form of revenue sharing on a recurring monthly basis.
About Friendable Inc.
Friendable Inc. is a mobile technology and marketing company focused on developing and identifying branded products, services and opportunities with mass market potential and scalability.
Friendable released its first mobile app on the Apple App Store and the Google Play Store in 2014 in the social media and dating category. The Friendable app has reached over 1.5 million downloads, the world’s top 10 rankings, and has led to celebrity-related marketing opportunities and various relationships with well-known musical artists as well as up-and-coming independent artists. .
Friendable has since removed the social dating app from app stores and refocused its business on Fan Pass, its live artist platform. Launched on July 24, 2020, the Fan Pass live streaming platform has proven invaluable to artists and fans as the performances have moved from stage to screen.
Friendable was founded by brothers Robert A. Rositano Jr. and Dean Rositano, who have over 27 years of experience working together on technology-related projects.
This press release contains forward-looking statements. The words or expressions “would”, “will”, “intend”, “will probably result”, “should”, “continue”, “is planned”, “estimated”, “project” or similar expressions are intended to identify “forward-looking statements”. Actual results could differ materially from those projected by Friendable, Inc. The Company’s iTunes ranking should not be construed as indicative in any way of the future value of Friendable’s common stock or of its current financial condition or future. Public documents filed by Friendable, Inc. with the Securities and Exchange Commission can be viewed on the SEC’s Edgar system at www.sec.gov. Statements made here are as of the date of this press release and should not be relied on at any later date. Friendable, Inc. cautions readers not to rely on such statements. Except as otherwise provided by applicable law, Friendable, Inc. does not undertake, and Friendable, Inc. specifically disclaims any obligation, to update any forward-looking statements to reflect events, developments, unforeseen events or circumstances thereafter. the date of this declaration.
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