Intercept Music Inc., a wholly owned subsidiary of entertainment-technology innovator Sanwire (OTC: SNWR), today announced a 396% increase in May 2022’s month-over-month streaming figures to 8.6 million streams. The April 2022 partnership launch with the Method Man was said to have contributed greatly to the increase, which will be reflected in revenues for the second quarter of 2022. In addition, the company expects further higher streaming and revenue figures in the third quarter on the heels of recently announced partnerships with the 7,000 song reggae catalog, Litco, Centerpoint and other major labels. “We are very excited to announce our recently verified streaming figures,” said Intercept’s CEO Tod Turner. “It’s great to see our long-term marketing strategies and operational excellence start to pay off. Our typical streaming/revenue recognition cycle is three-four months from uploading a song to receiving royalties.”
To view the full press release, visit https://ibn.fm/2BAdJ
About Sanwire Corp.
Sanwire, a diversified company with a focus on technologies for the entertainment industry, has been involved in aggregating technologies for a number of years. The company looks for opportunities in fragmented markets, where technology can be applied to consolidate services into a single platform of delivery. Sanwire’s current focus is advanced entertainment technologies. For more information about the company, visit www.SanwireCorporation.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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