FDBL - Friendable Inc.'s (FDBL) Fan Pass Live Helping Music Industry Overcome Pandemic Challenges Offering New Opportunities for Artists
- Friendable’s Fan Pass platform has provided revenue streams for artists that may not have existed due to the global pandemic
- Version 2.0 of the Fan Pass artist streaming platform to be released on July 24, 2021, which also marks the first anniversary of the platform
- Friendable has signed a Letter of Intent for the production of musical-artist NFTs and the creation of a “Fanpasscrypto” marketplace
The global music streaming market was valued at $24.4 billion in 2020 and is expected to grow by a CAGR of 17.8%, resulting in $76.9 billion in revenue by 2027 (https://ibn.fm/v0NFs). The increase is largely driven by the COVID-19 pandemic, with a growing number of users turning to streaming platforms in the absence of live events. Even with the lockdown restrictions from the COVID-19 pandemic loosening, many venues have not opened their doors to full capacity. Companies like Friendable (OTC: FDBL), and its immersive artist streaming platform Fan Pass, are helping the music industry overcome pandemic challenges by offering multiple revenue-generating opportunities for artists both online and in venues, in a new and exciting model to promote and enjoy music.
Launched at the height of the pandemic, the Fan Pass live streaming platform was designed to help artists maintain and find new earning opportunities, as well as give fans access to the artists they love, and support the industry in general. The platform has...
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