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Sanwire Corporation Signs Definitive Letter of Intent to Acquire Art is War Record Label
Sanwire Corporation Signs Definitive Letter of Intent to Acquire Art is War Record Label.
About this update from Sanwire Corp.
[{"type":"text","content":"\n\n\n\nSanwire Corporation Signs Definitive Letter of Intent to Acquire Art is War Record Label\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 Signs Definitive Letter of Intent to Acquire Art is War Record Label\nPR Newswire\nLOS ANGELES, May 26, 2020\n\n\n\nLOS ANGELES, May 26, 2020 /PRNewswire/ -- Sanwire Corporation, (\"Sanwire\" or \"the Company\") (OTC: SNWR), a diversified company focused on technologies for the entertainment industry, and its wholly owned subsidiary Intercept Music, Inc. (\"Intercept\") announced the execution of a definitive letter of intent (\"LOI\") to acquire 100% of North Carolina-based Art is War Record label (\"AIW Records\"); YouTube channel https://bit.ly/artiswar. The acquisition is expected to close by May 31st.After transaction closing, AIW Records will be operating under Sanwire's current wholly owned subsidiary, Intercept Music. Intercept will become the promotion, marketing and distribution provider for more than 20 established artists on the AIW Records label, including music groups Bleed the Sky, Eye of the Enemy, Skinlab, and more.This acquisition accelerates the diversified business opportunities for Intercept. Both the AIW Record label and Intercept will benefit strategically from customer sharing and expanded service offerings. Sales generated by Intercept partners and ambassadors, and new services such as Intercept Plus will be available to AIW Records artists, and Intercept artists will gain access to AIW Records' complementary functions.From a revenue growth standpoint, Intercept will begin by capturing existing AIW artists royalties, and then expand through its extensive service offerings to include marketing, promotion and distribution via its Intercept Music platform. Intercept will also create new sources of revenue for AIW Records artists and bands from their new invitation-only Intercept Plus program, which includes merchandise sales, YouTube channel management and targeted advertising,\"As we continue to expand our products to provide the full range of services arti...