NEW YORK, Aug. 22, 2022 /PRNewswire/ — VNUE, Inc. (OTC: VNUE) today announced its YTD results for 2022. The Company’s results of operations for the six months ended June 30, 2022, include the revenues and expenses of Stage It since February 15, 2022, with no revenue or expenses in the comparable 2021 period.

Highlights for the six months ended June 30th, 2022, compared to the six months ended June 30th, 2021, were as follows:

For the six months ended June 30th, 2022, revenues were $134,691 compared to $6,515 in the 2021 period.
Operating loss for the six months ended June 30, 2022, was $16,492,055 compared to an operating loss of $328,398 in the 2021 period. It is important to note that the results for 2022 include a one-time, non-cash charge of $15,300,000 related to the issuance of Preferred C Voting stock and $325,000 in non-cash amortization of intangible assets.
Excluding these items, the Company’s adjusted operating loss for the six months ended June 30, 2022, was $867,055, compared to $328,398 for the six months ended June 30, 2021.
Additionally, the results for the six months ended June 30, 2022, include an increase of approximately $310,000 in professional fees over 2021 levels. These fees are primarily associated with the Stage It acquisition and the company’s fundraising efforts.
Zach Bair, Chairman and CEO stated, “Although it may be difficult to ascertain in looking at our financial statements, we have made tremendous progress in reducing the historic operating losses at Stage It prior to our acquisition, and positioning it for future success by significantly reducing the overhead and streamlining operations, as well as with advances in other areas of the Company.”

VNUE just implemented a revised model for Stage It, which entails re-implementing fees that were waived for artists during COVID. These fees include 8% of total revenue collected that will be deducted off the top prior to the artist split (active now); an additional 3.5% credit card fee and 5.5% service fee passed on to the consumer (within 30 days); and a minimum $5 ticket price (within 30 days). Further, the company will be implementing automated payments to artists within 90-120 days, further streamlining the experience for artists and fans alike. This will make a significant difference to Stage It’s bottom line, since prior to the change the Company was absorbing all of the back-end platform costs. Stage It is the oldest and most well-known ticketed live streaming platform, enabling musical artists and others the opportunity to monetize unique experiences.

VNUE recently announced the full rollout of Soundstr, commencing in Key West, FL, which is an ideal location for the first rollout – several hundred businesses that leverage music, tightly packed together on an island two miles wide by four miles long, and where CEO Bair already has an established presence and relationships. This rollout is well underway. Soundstr is VNUE’s music recognition technology platform, which identifies and tracks music played in public spaces and provides reporting on the various stakeholders such as writers, publishers, artists, and PROs (performing rights organizations). Soundstr is the only product of its kind, tracking music including recorded music and live music, in real-world scenarios, and building a deep database of valuable consumption data.

The live music business is set for a major comeback after COVID, with one report from Pricewaterhouse Coopers stating the industry is set for a compound annual growth rate of 3.3%, and revenues from the live industry will reach $31 billion in four years. Given that the majority of VNUE’s products are geared toward the live music industry, this is good news for the company.
About VNUE (
VNUE, Inc., (OTC: VNUE) is a multi-faceted music technology company dedicated to monetizing the live music experience for artists, labels, writers, and publishers. For more information please visit

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Non-GAAP Financial Measures
This press release contains a non-GAAP financial measure. The Company believes that, in addition to other financial measures, “Adjusted Operating Loss” is an appropriate indicator to assist in the evaluation of its operating performance on a period-to-period basis. “Adjusted Operating Loss” should be considered as a supplement to, not a substitute for, operating income, net income or other financial performance measures prepared in accordance with U.S. generally accepted accounting principles.


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