VNUE is a small music technology company focused on live concert recording and distribution. VNUE's core business, operated through its Set.fm platform and DiscLive Network partnership, records live shows and sells those recordings to fans digitally via the Set.fm website and iOS app, or as physical collectibles — CD sets, USB drives, and laminates — immediately after the performance. Artists receive 30% or more of net revenue from digital sales on Set.fm, while DiscLive handles physical product fulfillment. VNUE also operates Stage It, a livestreaming platform acquired in 2022 where artists host ticketed online performances and fans pay using a virtual currency called "notes"; artists receive approximately 73% of ticket sales. VNUE's business model depends heavily on securing partnerships with touring artists and record labels, making revenue episodic and tied to tour activity. The company is a very small operation with a handful of employees and independent contractors, relying on its existing artist relationships and the DiscLive infrastructure to scale. A third platform, Soundstr, is under development and aims to track public music performances in venues like bars and gyms to improve royalty distribution accuracy, but is not yet generating revenue. VNUE's growth strategy centers on expanding its live recording business, commercializing Soundstr, and cross-selling services to Stage It's existing artist and fan base.
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