Friendable Inc (FDBL)

[BostonRon]

Fan Pass is expected to feature exclusive, uncut and uncensored video streaming of celebrity events such as recording studio sessions, behind-the-scenes action on music video sets, special interviews and backstage access before, during or after events to provide the ultimate fan experience.

Friendable's path to revenue with Fan Pass includes monetizing social media fans and followers of celebrities through a multi-level subscription based platform.

Friendable, Inc. is looking forward to a strong conversion rate, as each celebrity or artist will be required to market their Broadcaster channel to their social media fans and followers, further, generating subscription revenue based on conversion.

Celebrities that Friendable has had previous or existing relationships with have, upwards of 20-50 million social media followers.

Austin Mahone, a singer / songwriter that Friendable, Inc. has worked with previously has 13 million fans on Facebook alone. If he were to convert only 2% of them with a revenue sharing monthly subscription of $1.99, that alone, would generate over $500,000.00 per month.

Friendable, Inc. is working to secure commitments from celebrity artists as they move closer to launch and will announce these commitments as they are received.

Facebook's Mark Zuckerberg has stated that he is "obsessed" with live streaming.

Twitter Inc (NASDAQ:TWTR), and Facebook Inc (NASDAQ:FB) have recently jumped on the live video bandwagon, and with contracts to stream live NFL games, Bloomberg TV, and the Democratic and Republic conventions one could say they are thriving.

Twitter, Inc. quietly purchased Periscope for just under $100 million in early 2015.

As of August 12, 2015, Periscope had only 10 million users and 2 million daily active users.

Can a small company like Friendable, Inc. break into the space and further, become an acquisition target? Some might say no, but they probably forgot that Friendable also gained access to 8 million users who have signed up to utilize Hang W/'s live streaming video technology as part of its investment commitment and Hang With, Inc. technology acquisition approximately two weeks ago.



Read more: http://www.minyanville.com/business-news/markets/articles/2524FDBL-2524TWTR-2524FB-social-media-celebrities/12/13/2016/id/58994#ixzz4VAswjP6Z