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Sanwire Corporation Announces Significant Milestone With Intercept PLUS Label Services Program
Sanwire Corporation Announces Significant Milestone With Intercept PLUS Label Services Program.
About this update from Sanwire Corp.
[{"type":"text","content":"\n\n\n\nSanwire Corporation Announces Significant Milestone With Intercept PLUS Label Services Program\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\nSanwire Corporation Announces Significant Milestone With Intercept PLUS Label Services Program\nPR Newswire\nLOS ANGELES, Nov. 5, 2020\n\n\n\nLOS ANGELES, Nov. 5, 2020 /PRNewswire/ -- Sanwire Corporation, (\"Sanwire\" or the \"Company\") (OTC: SNWR) a diversified company with a focus on technologies for the entertainment industry, announced today that Its wholly owned subsidiary, Intercept Music, Inc. (\"Intercept\") has reached the milestone of over 50 artists signed up to its Intercept PLUS label services program.\nThe invitation-only label services program, Intercept PLUS was officially launched in May 2020; refer to Company press release dated May 8, 2020. To join the Intercept PLUS label services program, a band must have at least 10,000 fans and must meet certain other minimums. With the Intercept PLUS program, Intercept manages multiple revenue generating streams for the bands and then participates in the profits. Intercept is targeting gross receipts of at least $30,000 per year per band. \nIntercept PLUS offers features typically performed by a traditional music label including customized advertising, licensing, merchandise sales and promotion, physical distribution, playlist creation, revenue management, live broadcasting, and YouTube channel management. Through the Intercept PLUS label services program, independent artists can access the full range of benefits traditionally offered by a music label, while driving their own careers and maximizing revenue at a fraction of the cost of a traditional label. Intercept PLUS features are funded entirely through revenue sharing with artists.\n\"We are very excited about the rapid increase in qualified bands that we are signing up for Intercept PLUS and the incredible demand for this service,\" said Tod Turner, president of Intercept.  \"The Intercept PLUS label services program fills a key void in the industry, and really shows us that we ar...