Business
Intercept Music, Wholly Owned Subsidiary of Sanwire Corporation, Adds Online Retail Commerce to Accelerate and Expand Revenue Streams
Intercept Music, Wholly Owned Subsidiary of Sanwire Corporation, Adds Online Retail Commerce to Accelerate and Expand Revenue Streams.
About this update from Sanwire Corp.
[{"type":"text","content":"\n\n\n\nIntercept Music, Wholly Owned Subsidiary of Sanwire Corporation, Adds Online Retail Commerce to Accelerate and Expand Revenue Streams\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nIntercept Music, Wholly Owned Subsidiary of Sanwire Corporation, Adds Online Retail Commerce to Accelerate and Expand Revenue Streams\nPR Newswire\nLOS ANGELES, May 28, 2020\n\n\n\nLOS ANGELES, May 28, 2020 /PRNewswire/ --  Intercept Music, Inc. (\"Intercept\"), wholly owned subsidiary of Sanwire Corporation, (\"Sanwire\" or \"the  Company\") (OTC: SNWR) has added customized online retail stores to the independent artists and bands enrolled in its Intercept Plus enhanced services program.  Each artist can opt for a turnkey, customized storefront stocked with branded merchandise, with Intercept gaining a share of gross revenue.Now, Intercept's cohort of artists within the Intercept Plus program gain a powerful way to immediately monetize their music beyond performances and music sales. Intercept Plus is an enhanced service-level offering extended by invitation only to select artists and bands, on a revenue-sharing model. By offering their fans top-quality merchandise including apparel such as T-shirts, hats and hoodies through the Intercept-created stores, independent artists significantly expand their revenue potential among their fan bases. Intercept handles all order production, processing and fulfillment, streamlining the process for artists and eliminating customer service and inventory issues.The introduction of retail services bolsters Intercept's revenue streams beyond monthly subscription income from its core suite of online music marketing, promotion and distribution. Retail prices on promotional merchandise sold in the artists' custom stores are at or below market level, and provide sufficient margin for both artists and Intercept to realize revenue opportunity. Additionally, Intercept artists and bands are incentivized to promote ongoing sales through their own branded stores, extending sales opportunities on behalf of Intercept.Each customized band storefron...