Sanwire (OTC: SNWR), an entertainment technology innovator, and its wholly owned subsidiary Intercept Music, a multifaceted label and artist-centric platform solution provider, are reporting on their first-quarter 2023 financial results. The report shows an impressive upward trend and also indicates significant growth for Intercept. An example of the growth the company is seeing and the effectiveness of the platform is illustrated by numbers reported for an artist that joined Intercept in September 2022. According to the report, the artist released several songs, invested $12,000 in Intercept’s marketing services and saw more than 4 million streams, resulting in a $250,000 marketing budget and deal with a major record label. According to the company, the robust growth experienced by Intercept is driven by the company’s commitment to technology innovation and its dedicated team. The company is committed to consistently providing new marketing services that enable artists and labels to reach wider audiences, broaden recognition, and achieve goals. “We are excited to report that our sales were up 58% over the same quarter last year,” said Intercept Music CEO Tod Turner in the press release. “This significant growth can be attributed to our ongoing efforts to expand our markets and range of marketing services for artists and labels. We have introduced 26 new services in English and 18 in Spanish for our Latin partners, allowing us to better cater to their specific needs. Furthermore, our partnerships with indie labels, such as One Pic Entertainment and the Coolio Estate, have played a pivotal role in driving our success. We have leveraged the knowledge and experience gained over the past years to develop a consistent and structured approach to promoting music and merchandise for our clients and partners. The results speak for themselves.”
To view the full press release, visit https://ibn.fm/n1jlk
About Sanwire Corporation
Sanwire, a diversified company with a focus on technologies for the entertainment industry, has been involved in aggregating technologies for several years. Sanwire seeks opportunities in fragmented markets, where technology can be applied to consolidate services into a single platform of delivery. The company’s current focus is advanced entertainment technologies. For more information about the company, visit www.SanwireCorporation.com or www.InterceptMusic.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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