Friendable (OTC: FDBL), in addition to its flagship offering, Fan Pass Live, acquired Artist Republik and FeaturedX to create a 360 platform for independent artists looking to remain in control of their music. “The platform was designed to address what is a glaring problem with the record label industry. On average, artists are losing 90% of their streaming revenue to their label, 10% to booking agents, and 15-20% of their overall income to management. Additionally, many artists who sign with a label feel a lack of support and a massive burden of being controlled by these labels. What might have worked a decade ago is no longer working today, and the labels have to adapt if they wish to keep their clientele. The Rositano brothers are using music technology to disrupt this industry, currently valued at $62 billion,” a recent article reads. “Friendable’s 360 platform changes how independent artists experience the industry – through Fan Pass Live, Artist Republik and FeaturedX. There are no intermediaries, no gatekeepers, and artists remain 100% in control of their careers. The Fan Pass Live offering provides artists with the production, distribution and marketing avenues necessary to ‘be their own boss’ by using the one-stop shop 360 platform offering.”
To view the full article, visit https://ibn.fm/NyB72
About Friendable Inc.
Friendable is a mobile technology and marketing company focused on developing and identifying products, services and brand opportunities with mass market potential and scalability. Friendable published its first mobile application in the Apple App Store and Google Play Store in 2014 in the social networking and dating category. The Friendable app achieved over 1.5 million downloads, top 10 worldwide rankings, and has led to celebrity-related marketing opportunities and various relationships with well-known music artists as well as up-and-coming independent artists. Friendable has since pivoted its business focus to its Music Artist Offering, a one of a kind 360 artist platform. The offering now includes music production/collaboration, music distribution — Spotify, SoundCloud, Play Listing, livestream/live events, promotions, ticket sales, behind the scenes, merch designs/store/ship, tips, fan interaction, subscriptions and more, which all equal revenue sharing and earning for all music artists. It is the company’s goal to become the new launch point for indie artists, as well as artists at all levels, as they build engagement, revenue and fans/followers. Launched July 24, 2020, the Fan Pass livestream platform has proven invaluable for artists and fans alike as performances shifted from the stage to the screen, with its acquisition of Artist Republik and FeaturedX in January 2022. Friendable was founded by brothers Robert A. Rositano Jr. and Dean Rositano, who have more than 27 years of experience working together on technology-related ventures. For more information, visit https://ir.Friendable.com, www.FanPassLive.com and www.FeaturedX.com.
NOTE TO INVESTORS: The latest news and updates relating to FDBL are available in the company’s newsroom at http://ibn.fm/FDBL
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