Sanwire (OTC: SNWR), a diversified company with a focus on technologies for the entertainment space, and its wholly owned subsidiary Intercept Music are reporting second-quarter results along with key corporate updates for Intercept Music. The company reported almost a 400% increase in month-over-month streaming, with 8.6 million streams reported in May. In addition, the report noted that Intercept has added 15 new proprietary marketing services, three advisors, four new partnerships and more than 50 new software updates throughout the quarter; one of the updates, royalty accounting, is one of the most comprehensive in the industry. According to the announcement, substantial marketing investments made in the first and second quarter have paid off, a “testament to the success of our marketing plans” and the company’s ability to push sales. A Software as a Service (SaaS) company, Intercept Music focuses exclusively on the independent music market, the fastest-growing sector of the music industry. “We’ve also added multiple artists and labels with outstanding talent,” said Intercept Music president Tod Turner in the press release. “Our marketing services are delivering real value, the average spend per new release has quadrupled to over $200, and our artists are winning awards and chart placement. . . . When you couple these new partnerships with the new marketing services, major artists and labels that have joined our family, and our catalog success with over 10,000 tracks, we’re firing on all cylinders.”
To view the full press release, visit https://ibn.fm/wgJ89
About Sanwire Corporation
Sanwire, a diversified company with a focus on technologies for the entertainment industry, has been involved in aggregating technologies for a number of years. Sanwire seeks opportunities in fragmented markets, where technology can be applied to consolidate services into a single platform of delivery. The company’s current focus is advanced entertainment technologies. For more information about the company, visit www.SanwireCorporation.com or www.InterceptMusic.com.
NOTE TO INVESTORS: The latest news and updates relating to SNWR are available in the company’s newsroom at https://ibn.fm/SNWR
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.
As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.investorwire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.investorwire.com
[email protected]
InvestorWire is part of the InvestorBrandNetwork.