Sanwire (OTC: SNWR), a diversified company with a focus on technologies for the entertainment space, and its wholly owned subsidiary Intercept Music are reporting second-quarter results along with key corporate updates for Intercept Music. The company reported almost a 400% increase in month-over-month streaming, with 8.6 million streams reported in May. In addition, the report noted that Intercept has added 15 new proprietary marketing services, three advisors, four new partnerships and more than 50 new software updates throughout the quarter; one of the updates, royalty accounting, is one of the most comprehensive in the industry. According to the announcement, substantial marketing investments made in the first and second quarter have paid off, a “testament to the success of our marketing plans” and the company’s ability to push sales. A Software as a Service (SaaS) company, Intercept Music focuses exclusively on the independent music market, the fastest-growing sector of the music industry. “We’ve also added multiple artists and labels with outstanding talent,” said Intercept Music president Tod Turner in the press release. “Our marketing services are delivering real value, the average spend per new release has quadrupled to over $200, and our artists are winning awards and chart placement. . . . When you couple these new partnerships with the new marketing services, major artists and labels that have joined our family, and our catalog success with over 10,000 tracks, we’re firing on all cylinders.”
To view the full press release, visit https://ibn.fm/wgJ89
About Sanwire Corporation
Sanwire, a diversified company with a focus on technologies for the entertainment industry, has been involved in aggregating technologies for a number of years. Sanwire seeks opportunities in fragmented markets, where technology can be applied to consolidate services into a single platform of delivery. The company’s current focus is advanced entertainment technologies. For more information about the company, visit www.SanwireCorporation.com or www.InterceptMusic.com.
NOTE TO INVESTORS: The latest news and updates relating to SNWR are available in the company’s newsroom at https://ibn.fm/SNWR
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