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Thursday, January 14, 2021 1:50:28 PM
VNUE inks Soundstr deal with NEWHD Media
Jan. 14, 2021 1:41 PMVNUE, Inc. (VNUE)By: Khyathi Dalal, SA News Editor
VNUE (OTCQB:VNUE +16.7%) signed a radio monitoring and partnership agreement utilizing its patent-pending Soundstr technology, with NEWHD Media and its CEO Zach Bair has joined NEWHD's Advisory Board.
Through the deal, NEWHD will be empowered to utilize the platform to provide accurate music play reporting to reduce licensing costs to NEWHD's radio stations, and also to increase transparency to all stakeholders.
VNUE's Soundstr is an innovative hardware and cloud computing solution that will not only help bars, restaurants and venues to reduce licensing costs, but also radio stations, many of whom pay far more than their fair share for blanket music licenses, and importantly, will help get the proper songwriters paid.
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