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VNUE Inc (OTCMKTS:VNUE) Stock Surges After Strategic Partnership

Ian Leigh , , , ,

Top disruptive technology company focusing on rights management for artists and revenue opportunities, VNUE Inc (OTCMKTS:VNUE), announced signing an MOU for forming a strategic partnership with Pex for pursuing a number of initiatives. These include its groundbreaking Soundstr music recognition technology as well as its content identification technology, which identifies melody, audio, video as well as lyrics in real-time.

Trading Data

On Tuesday, VNUE stock gained 25% to $0.0025 with more than 6.73 million shares, compared to volume of 8.27 million shares. The stock moved within a range of $0.0019 – 0.0026 after opening trade at $0.0020.

Vnue, Inc. And Pex To Form Strategic Partnership

A global leader in digital rights technology, Pex enables transparent and fair use of copyright online. The company’s industry-leading identification technology enables customers to copyright compliance as well as identify content at scale and speed. The firm has spent years improving the technology, that harnesses digital fingerprinting for identifying content with accuracy. Its infrastructure facilitates fair compensation and higher access to content.

Zach Bair, CEO of VNUE, Inc said that it is an exciting step in the evolution of Soundstr. Bair added that Pex shares similar values on music licensing and identification- especially to rightsholders on compensation and freedom of creation. Bair further said that there are many opportunities and Pex’s technology is complementary to Soundstr, and results will positively impact music licensing.

Larry Mills, SVP of Sales at Pex said that Pex technology puts rightsholders in control and will help give more data for those needing it.

Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.