Record label

InvestorNewsBreaks – Friendable Inc. (FDBL) Uses Music Tech to Disrupt Record Label Industry

User-friendly (OTC: FDBL), in addition to its flagship offering, Fan Pass Live, has acquired Artist Republik and FeaturedX to create a 360 platform for independent artists who want to stay in control of their music. “The platform was designed to solve what is a glaring problem in the record label industry. On average, artists lose 90% of their streaming revenue to their label, 10% to booking agents and 15-20% of their overall revenue to management.Additionally, many artists who sign with a label feel a lack of support and a huge burden of being vetted by these labels.What worked a decade ago doesn’t doesn’t work anymore today and labels must adapt if they want to retain their customer base. The Rositano brothers are using music technology to disrupt this industry, currently valued at $62 billion,” reads a recent article.” Friendable’s 360 platform is changing the way independent artists experience the industry – through Fan Pass Live, Artist Republik and FeaturedX. There are no intermediaries, no guardians and the artists remain 100% in control of their careers. The Fan Pass Live offer provides artists with the means of production, distribution and marketing necessary to “be their own boss” using the one-stop-shop 360 platform offer.

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About Friendable Inc.

Friendable is a mobile technology and marketing company focused on developing and identifying branded products, services and opportunities with mass market potential and scalability. Friendable released its first mobile app on the Apple App Store and Google Play Store in 2014 under the social networking and dating category. The Friendable app has reached over 1.5 million downloads, ranked in the top 10 worldwide, and led to celebrity-related marketing opportunities and various relationships with well-known musical artists as well as promising independent artists. Friendable has since shifted its business to its music artist offering, a one-of-a-kind 360 artist platform. Offer now includes Music Production/Collaboration, Music Distribution – Spotify, SoundCloud, Play Listing, Live/Live Events, Promotions, Ticket Sales, Backstage, Merchandise Designs/Store/Ship , tips, fan interaction, subscriptions and more, which equal revenue sharing and revenue for all music artists. The company’s goal is to become the new launch point for independent artists, as well as artists at all levels, as they create engagement, revenue, and fans/subscribers. Launched on July 24, 2020, the Fan Pass livestreaming platform has proven invaluable to artists and fans as performances move from stage to screen, with the acquisition of Artist Republik and FeaturedX in January 2022. Friendable was founded by brothers Robert A. Rositano Jr. and Dean Rositano, who have over 27 years of experience working together on technology-related projects. For more information, visit https://ir.Friendable.com, www.FanPassLive.com and www.FeaturedX.com.

NOTICE TO INVESTORS: The latest news and updates regarding FDBL can be found in the company’s newsroom at http://ibn.fm/FDBL

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