- In addition to its flagship offering (Fan Pass Live), Friendable acquired Artist Republik and FeaturedX – creating a 360 platform offering for independent artists looking to remain in control of their music
- With the platform, artists can now produce, distribute, and market their music without the control of labels
- Artists earn revenue instead of paying the majority of it to labels and managers
- Friendable is using music tech to disrupt the $62 billion music label industry
When the Rositano brothers (Robert and Dean) created Fan Pass Live they did it because they believed artists, musicians, and creators should have access to tools and support to create awareness and generate revenue for their work – without the restrictions of a record label. The brothers expanded this offering when they announced in January 2022 that they had successfully completed the acquisition of Artist Republik and FeaturedX. Together with their flagship offering (Fan Pass Live), Friendable (OTC: FDBL) would be the first to offer a complete 360 platform offering for independent artists looking for freedom from label control – the “anti-label” movement.
The platform was designed to address what is a glaring problem with the record label industry. On average, artists are losing 90% of their streaming revenue to their label, 10% to booking agents, and 15-20% of their overall income to management. Additionally, many artists who sign with a label feel a…
NOTE TO INVESTORS: The latest news and updates relating to FDBL are available in the company’s newsroom at http://ibn.fm/FDBL
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