FDBL - Friendable Inc. (FDBL) Changing How Musical Artists Earn Revenue in an Industry That Is Constantly Changing
- Some social media platforms, like TikTok, pay artists for their music, but the amounts are insignificant, and an artist's musical track would have to be used hundreds of thousands of times to make a decent profit
- Friendable’s Fan Pass Live provides artists an online platform to share their music content and earn a profit
- Artists earn on Fan Pass through fan subscriptions, merchandise sales, ticket sales, and more
- Fan Pass artists have access to Pro Services that include logo design and merchandise, as well as social media promotions for upcoming events
2020 was a year of change (and growth) for the music industry. Streaming replaced in-person shows, and artists were forced to adapt and evolve to stake a piece of the revenue. Fast-forwarding to today, live streaming shows and other events are the new normal. More and more artists are entering the virtual stage without representation, simply going online to do what they love and earn money in the process.
Artists don't have to rely solely on social media platforms like TikTok, with revenue structures that constantly change, to gain recognition for their craft. For example, TikTok does pay its artists revenue, but it is based on the number of times their song is used to make a video. Each time the track is...
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