Just one year after PledgeMusic finalized its acquisition of Set.fm, it has now sold it to live event recording and release platform VNUE for an undisclosed sum.
______________________________
VNUE Inc. (OTC: VNUE), a service that records and releases live concerts, has announced the acquisition of Set.fm from direct-to-fan platform PledgeMusic. VNUE also owns and operates DiscLive.
Set.fm is a DIY platform that makes it easy for artists to record and sell live shows directly to fans’ mobile devices, uploading simultaneously to their performance. The platform, which also features an app, already boasts thousands of artists and tens of thousands of fans. VNUE plans to update the existing platform and to implement pro features for artists that VNUE and DiscLive produce.
Additionally, VNUE will present PledgeMusic North America’s suite of tools allowing artists to sell music, merchandise and live experiences directly to fans, enhancing VNUE clients’ revenue opportunities.
“Our goal is to take success of Set.fm and further develop it into a truly professional platform that will work for the major artists for whom VNUE produces live recordings, and for up-and-coming indie artists alike,” said Zach Bair, CEO & Chairman of VNUE. “The addition of Set.fm to our suite of product offerings creates a dynamic, scalable new platform for instant live recordings that will be unparalleled in the direct-to-fan market. Our partnership with PledgeMusic as a whole is equally exciting, helping to drive increased opportunities and revenue for all of the artists involved in each of our respective platforms. “