0 Comments
LOS ANGELES, May 28, 2020 /PRNewswire/ -- Intercept Music, Inc. ("Intercept"), wholly owned subsidiary of Sanwire Corporation, ("Sanwire" or "the Company") (OTC: SNWR) has added customized online retail stores to the independent artists and bands enrolled in its Intercept Plus enhanced services program. Each artist can opt for a turnkey, customized storefront stocked with branded merchandise, with Intercept gaining a share of gross revenue.
Now, Intercept's cohort of artists within the Intercept Plus program gain a powerful way to immediately monetize their music beyond performances and music sales. Intercept Plus is an enhanced service-level offering extended by invitation only to select artists and bands, on a revenue-sharing model. By offering their fans top-quality merchandise including apparel such as T-shirts, hats and hoodies through the Intercept-created stores, independent artists significantly expand their revenue potential among their fan bases. Intercept handles all order production, processing and fulfillment, streamlining the process for artists and eliminating customer service and inventory issues. The introduction of retail services bolsters Intercept's revenue streams beyond monthly subscription income from its core suite of online music marketing, promotion and distribution. Retail prices on promotional merchandise sold in the artists' custom stores are at or below market level, and provide sufficient margin for both artists and Intercept to realize revenue opportunity. Additionally, Intercept artists and bands are incentivized to promote ongoing sales through their own branded stores, extending sales opportunities on behalf of Intercept. Each customized band storefront operates on the engine used by shop.interceptmusic.com. The rollout of artist stores will take place in several phases of five bands each, with the first phase launching today. "Our music industry experience has made it clear that merchandise sales are a crucial component of independent artists' overall revenue and business model," said Tod Turner, president of Intercept. "We are making good on our promise to provide a complete suite of services designed to help the indie artist succeed. These plug-and-play retail stores are as important to the artist community as they are for us." About Intercept Music, Inc. Intercept Music, Inc. is an entertainment technology company dedicated to helping independent artists effectively distribute, market, and monetize their music. Sold through a Software as a Service (Saas) model, Intercept's online platform delivers an unsurpassed combination of marketing, promotion, and distribution to hundreds of stores worldwide and every major streaming service, including Apple Music, Google Music, Pandora and Spotify. Intercept's options include full-service, concierge-style support and even one-on-one coaching from award-winning music industry professionals. Intercept focuses exclusively on the independent music market, which is estimated at 12 million artists, and is the fastest-growing sector of the music industry. For more information, visit interceptmusic.com. About Sanwire Corporation Sanwire Corporation (OTC: SNWR), a diversified company with a focus on technologies for the entertainment industry, has been involved in aggregating technologies for a number of years. We look for opportunities in fragmented markets, where technology can be applied to consolidate services into a single platform of delivery. Our current focus is advanced entertainment technologies. For more information, visit sanwirecorporation.com. Safe Harbor Statement: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Act of 1934, as amended. All statements regarding our expected future financial positions, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, listing on the OTC Markets, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties, and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise. For further inquiries, contact: ir@sanwirecorporation.com, casper.casparian@interceptmusic.com +1(424) 835-0833 LOS ANGELES, May 26, 2020 /PRNewswire/ -- Sanwire Corporation, ("Sanwire" or "the Company") (OTC: SNWR), a diversified company focused on technologies for the entertainment industry, and its wholly owned subsidiary Intercept Music, Inc. ("Intercept") announced the execution of a definitive letter of intent ("LOI") to acquire 100% of North Carolina-based Art is War Record label ("AIW Records"); YouTube channel https://bit.ly/artiswar. The acquisition is expected to close by May 31st.
After transaction closing, AIW Records will be operating under Sanwire's current wholly owned subsidiary, Intercept Music. Intercept will become the promotion, marketing and distribution provider for more than 20 established artists on the AIW Records label, including music groups Bleed the Sky, Eye of the Enemy, Skinlab, and more. This acquisition accelerates the diversified business opportunities for Intercept. Both the AIW Record label and Intercept will benefit strategically from customer sharing and expanded service offerings. Sales generated by Intercept partners and ambassadors, and new services such as Intercept Plus will be available to AIW Records artists, and Intercept artists will gain access to AIW Records' complementary functions. From a revenue growth standpoint, Intercept will begin by capturing existing AIW artists royalties, and then expand through its extensive service offerings to include marketing, promotion and distribution via its Intercept Music platform. Intercept will also create new sources of revenue for AIW Records artists and bands from their new invitation-only Intercept Plus program, which includes merchandise sales, YouTube channel management and targeted advertising, "As we continue to expand our products to provide the full range of services artists need, acquiring a record label became the logical next step," said Tod Turner, President of Intercept. "Art is War Records has a solid roster of talent that makes an ideal pilot program for our future plans. We are gaining a critical mass of quality artists all at once, with current revenue and future opportunities baked in." "Together, our artists and I have put our hearts and souls into building this record label, and their careers," said Lucas Joyner, owner of Art is War Records. "I know that with the forward thinking direction Intercept Music has and the state of the art industry software being developed they will firmly stand behind these artists and bands to help take them to the next level and push the boundaries of the entertainment business." About the Art Is War Record Label Art is War Records ("AIW Records") is a record label with distribution, marketing, and sales services. Focused on independent artists, AIW Records offers the expertise, infrastructure, and scalability of a big label, delivered with personal attention and support. Services include AIW Distribution to digital and physical stores; full-service marketing support including social media, email, SEO, and artist and band talent management. For more information, visit our website artiswarrecords.com or our YouTube channel (https://bit.ly/artiswar). About Intercept Music, Inc. Intercept Music, Inc. is an entertainment technology company dedicated to helping independent artists effectively distribute, market and monetize their music. Sold through a Software as a Service (Saas) model, Intercept's online platform delivers an unsurpassed combination of marketing, promotion, and distribution to hundreds of stores worldwide and every major streaming service, including Apple Music, Google Music, Pandora and Spotify. Intercept's options include full-service, concierge-style support and even one-on-one coaching from award-winning music industry professionals. Intercept focuses exclusively on the independent music market, which is estimated at 12 million artists, and is the fastest-growing sector of the music industry. For more information, visit interceptmusic.com. About Sanwire Corporation Sanwire Corporation (OTC: SNWR), a diversified company with a focus on technologies for the entertainment industry, has been involved in aggregating technologies for a number of years. We look for opportunities in fragmented markets, where technology can be applied to consolidate services into a single platform of delivery. Our current focus is advanced entertainment technologies. For more information, visit sanwirecorporation.com. Safe Harbor Statement: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Act of 1934, as amended. All statements regarding our expected future financial positions, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, listing on the OTC Markets, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties, and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise. For further inquiries, contact ir@sanwirecorporation.com, casper.casparian@interceptmusic.com, or +1(424)-835-0833 LOS ANGELES, May 21, 2020 /PRNewswire/ -- Intercept Music, Inc. ("Intercept"), a SaaS entertainment-technology company and wholly owned subsidiary of Sanwire Corporation ("Sanwire" or "Company") (OTC Pink: SNWR), has expanded the role of current brand ambassador Tanto Irie to include personalized coaching services as a Music Pro. Mr. Irie is a renowned figure within the reggae music community, and as an Intercept Music Pro, he presents a significant revenue opportunity among the up-and-coming artists in the genre who are core to Intercept's model.
Honored with a Lifetime Achievement Award by the International Reggae & World Music Awards, Mr. Irie is a prolific producer and internationally syndicated, on-air host focused on reggae and tropical music. He first emerged as a radio DJ in the early 1980s and was instrumental in breaking or promoting the careers of such acts as the Marley Brothers, Shaggy, Beenie Man, Sanchez, and many, many more. He is the founder of Reggae Runnins, a diverse entertainment company offering services including live on-air studio and remote broadcasts, concert and festival bookings, and producing and promoting reggae artists. He stays intimately connected with emerging and established artists as the host of the Reggae Runnins radio program, carried by Cox Radio and originating as the #1 show on Florida's #1 urban station, HOT105 FM. As a brand ambassador, he has already brought a meaningful number of independent artists to the Intercept Music roster. Starting in the third quarter of 2020, the hundreds of artists who reach out to Mr. Irie annually will be able to book one-on-one music and career coaching sessions with him, directly on the Intercept Music website. Until now, it was virtually impossible for independent artists to gain access to industry professionals of the caliber of Intercept's Music Pros. These music experts, artists and influencers have amassed a collective 100-plus Grammy Awards and other industry recognitions, and generated more than $500 million in album sales. Music Pros are available to the entire Intercept Music roster of artists for individualized coaching sessions, as on optional add-on service. "In the tight world of reggae and tropical music, Mr. Tanto Irie's influence can make the difference between a mega-hit and a dud. He's the definition of credibility in the reggae world and we are fortunate to have that reputation now reflecting on us," said Tod Turner, President of Intercept Music. "With his guidance and our promotion and marketing systems, independent artists have a solid recipe for success in pursuing their music careers." About Intercept Music, Inc. Intercept Music, Inc. is an entertainment technology company with an online platform dedicated to helping millions of global independent artists effectively promote their music and distribute it worldwide to hundreds of digital stores and every major streaming platform, including Spotify, Apple Music, Amazon Music, Pandora and Google Music. In addition to powerful DIY social media marketing and promotional tools available on a monthly subscription model, Intercept's upgraded ambassador program also enables artists to accelerate their careers with individualized coaching sessions, which can be booked directly on the website. With the soul of an artist, Intercept sells and markets its product offerings thru Software as a Service ("SaaS") model. There are currently an estimated 12 million independent artists (i.e., those not signed to major labels) worldwide, and independent music is the fastest-growing sector by revenue in the music industry. The independent music market generated $1.6 billion in 2019 and is projected to grow 32% in 2020 to $2.1 billion, accounting for up to 10% of the global music industry. Intercept's software platform delivers an unsurpassed combination of distribution, marketing and expert coaching, empowering artists to connect with new audiences, measure their results and distribute and monetize their music like never before. For more information, visit interceptmusic.com. About Sanwire Corporation Sanwire Corporation (OTC Pink: SNWR), a diversified company with a focus on the entertainment industry, has been involved in aggregating technologies for a number of years. We look for opportunities in fragmented markets, where technology can be applied to consolidate services into a single platform of delivery. Our current focus is advanced entertainment technologies. For more information, visit sanwirecorporation.com. Safe Harbor Statement: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Act of 1934, as amended. All statements regarding our expected future financial positions, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, listing on the OTC Markets, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties, and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise. For further inquiries, contact ir@sanwirecorporation.com, casper.casparian@interceptmusic.com, or +1(424) 835-0833 Intercept Music, Wholly Owned Subsidiary of Sanwire Corporation, Provides Revenue Guidance5/14/2020 LOS ANGELES, May 14, 2020 /PRNewswire/ -- Sanwire Corporation, ("Sanwire" or "Company") (OTC: SNWR), a diversified company focused on the entertainment industry, announced today the latest revenue growth and guidance for its wholly owned subsidiary, Intercept Music, Inc. ("Intercept"), and Sanwire's performance on a consolidated basis.
Intercept's revenues for the quarter ended March 31, 2020 have increased more than 400% from the same quarter of 2019. Sanwire closed the acquisition of Intercept on March 5, 2020; therefore Sanwire will include Intercept's revenue and expense items pro-rata from acquisition closing date to March 31, 2020 on a consolidated basis. Intercept's revenue growth is attributed to an expansion of Intercept's product offerings as well as sales that were generated by Intercept's partners. Revenue is expected to continue to grow in the second quarter of 2020 from services such as the recent introduction of Intercept Plus as well as through strategic acquisitions. Additionally, Intercept announced that it has streamed more than 14,000,000 tracks for its artists. Streaming has become the most popular way for artists to distribute their music through global streaming services such as Apple Music, Google Play, and Pandora, to name a few. Streaming allows music consumers to listen to the music without actually purchasing it. Intercept has increased its streams by over 3,800% in the first quarter of 2020, compared to the first quarter of 2019. Streaming currently accounts for more than 80% of the music industry's revenue, and that share continues to increase. Music industry on-demand streaming services have increased more than 25% from 2018 to 2019, with over 60 million Americans subscribed to one of the major streaming services, adding an average of more than 1 million new subscribers per month. "The independent music artist market continues to grow and is prime for our business model," said Tod Turner, President of Intercept. "Our revenue and streaming growth is a true testament that our product offering is getting traction in the music industry." Intercept Music is an online platform completely dedicated to helping millions of global independent artists effectively promote their music and distribute it worldwide to hundreds of digital stores and every major streaming platform, including Spotify, Apple Music, Amazon Music, Pandora and Google Music. In addition to powerful DIY social media marketing and promotional tools available on a monthly subscription model, Intercept's upgraded ambassador program also enables artists to accelerate their careers with individualized coaching sessions, which can be booked directly on the website. There are currently an estimated 12 million independent artists (i.e., those not signed to major labels) worldwide today, and independent music is the fastest-growing sector by revenue in the music industry. The independent music market generated $1.6 billion in 2019 and is projected to grow 32% in 2020 to $2.1 billion, accounting for up to 10% of the global music industry. Intercept Music offers an unparalleled level of support and service to its independent artists. About Intercept Music, Inc. Intercept Music, Inc., an entertainment technology company with the soul of an artist that sells and markets its product offering through a Software as a Service ("SaaS") model. The company's online platform is dedicated to helping millions of global independent artists effectively promote their music and distribute it worldwide to hundreds of digital stores and every major streaming platform, including Spotify, Apple Music, Amazon Music, Pandora and Google Music. Intercept's software platform delivers an unsurpassed combination of distribution, marketing and expert coaching, empowering artists to connect with new audiences, measure their results and distribute and monetize their music like never before. For more information, visit interceptmusic.com. About Sanwire Corporation Sanwire Corporation (OTC: SNWR), a diversified company with a focus on the entertainment industry, has been involved in aggregating technologies for a number of years. We look for opportunities in fragmented markets, where technology can be applied to consolidate services into a single platform of delivery. Our current focus is advanced entertainment technologies. For more information, visit sanwirecorporation.com. Safe Harbor Statement: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Act of 1934, as amended. All statements regarding our expected future financial positions, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, listing on the OTC Markets, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties, and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise. For further inquiries, contact ir@sanwirecorporation.com, casper.casparian@interceptmusic.com, or (424) 835-0833, 805-465-0818 LOS ANGELES, CA / ACCESSWIRE / May 6, 2020 / Building its elite corps of expert consultants for independent artists, Intercept Music, Inc. ("Intercept"), a SaaS entertainment-technology company and wholly-owned subsidiary of Sanwire Corporation (OTC PINK:SNWR), has added veteran music industry executive Bob Catania to its Music Pros individualized coaching program. Mr. Catania, a partner at retail airplay company What's In-Store Music, is currently an Advisor to Intercept Music and becomes Intercept's latest Music Pro.
As a Music Pro, Mr. Catania will be available to independent artists for personalized, one-on-one coaching and guidance. Mr. Catania and other Music Pros can be booked directly on Intercept's website beginning in the third quarter of 2020. In the course of his decades in the music business, Bob Catania helped build the careers of countless global artists and bands as a promotion executive for Curb, Elektra, Geffen, and Island labels, among others. His involvement resulted in many, multi-platinum-selling albums for his artists. Outside the label universe, Mr. Catania and his partner Scott Emerson have realized a future model of the music industry with the success of What's In-Store Music (www.whats-instoremusic.com). Until now, it was virtually impossible for independent artists to gain access to industry professionals of the caliber of Intercept's Music Pros. This team of hand-picked music experts, artists and influencers has amassed a collective 100-plus Grammy Awards and other industry recognitions, and generated more than $500 million in album sales. These experts are available to the entire Intercept Music roster of artists for individualized coaching sessions, as on optional add-on service. "Our promise to independent artists is to help them build their entire career, not just promote a track or album here and there. Bob is exactly the kind of champion artists need to navigate this challenging market today," said Tod Turner, President of Intercept. "For all those artists who have a release and then wonder how to build on it, Intercept's suite of tools plus Bob's counsel is an unbeatable combination for the way to success." "As a partner in What's In-Store Music, I know that there's no shortage of great music talent out there," added Bob Catania. "We have worked with Intercept from day one and have seen first-hand how their platform can create visibility for our clients. I am excited to have this added opportunity to provide meaningful guidance directly to independent artists as a Music Pro." Intercept Music is an online platform completely dedicated to helping millions of global independent artists effectively promote their music and distribute it worldwide to hundreds of digital stores and every major streaming platform, including Spotify, Apple Music, Amazon Music, Pandora and Google Music. In addition to powerful DIY social media marketing and promotional tools available on a monthly subscription model, Intercept's upgraded ambassador program also enables artists to accelerate their careers with individualized coaching sessions, which can be booked directly on the website. There are currently an estimated 12 million independent artists (i.e., those not signed to major labels) worldwide today, and independent music is the fastest-growing sector by revenue in the music industry. The independent market generated $1.6 billion in 2019 and is projected to grow 32% in 2020 to $2.1 billion, accounting for up to 10% of the global music industry. Intercept Music offers an unparalleled level of support and service to its independent artists. About Intercept Music, Inc. Intercept Music, Inc. is an entertainment technology company, with the soul of an artist. It sells and markets its product offerings utilizing the Software as a Service ("SaaS") model. In the crowded music marketplace today, 12 million artists are competing for fans and audiences that have almost unlimited access to music, whether from streaming services or online retailers. Intercept's software platform delivers an unsurpassed combination of distribution, marketing and expert coaching, empowering artists to connect with new audiences, measure their results and distribute and monetize their music like never before. For more information, visit interceptmusic.com. About Sanwire Corporation Sanwire Corporation (OTC: SNWR), a diversified company with a focus on the entertainment industry, has been involved in aggregating technologies for a number of years. We look for opportunities in fragmented markets, where technology can be applied to consolidate services into a single platform of delivery. Our current focus is advanced entertainment technologies. For more information, visit sanwirecorporation.com. For further inquiries, contact ir@sanwirecorporation.com, casper.casparian@interceptmusic.com, or (424) 835-0833. Safe Harbor Statement: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Act of 1934, as amended. All statements regarding our expected future financial positions, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, listing on the OTC Markets, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements and involve risks, uncertainties, and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise. |
News Archives
July 2020
|