Sign In  |  Register  |  About Menlo Park  |  Contact Us

Menlo Park, CA
September 01, 2020 1:28pm
7-Day Forecast | Traffic
  • Search Hotels in Menlo Park

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

InvestorNewsBreaks – Sanwire Corporation (SNWR) Subsidiary Releases Record-Breaking Q3 Financial Results, Shareholder Update

Sanwire (OTC: SNWR), an entertainment technology innovator, and its wholly owned subsidiary Intercept Music are reporting third-quarter 2022 financial results along with key corporate updates. According to the announcement, revenues for the quarter are record breaking, with revenue totals coming in 250% higher than Q2 2022 and 350% higher than Q3 2021; the company attributed the record numbers to three things: its “everything” dashboard, a growing list of marketing services and 100% data transparency. An update for the company noted that the business model is solidifying, with labels being the best source of new artists. While Intercept makes the least margin on distribution, the music increases demand for Intercept’s marketing services, which deliver the highest margin and represent a higher gross profit. In September 2022, Intercept began offering marketing services to outside artists and labels, which has led to an increase in marketing service sales.

The company is also seeing success from sophisticated labels, such as the Sapphire group of labels. Intercept has also expanded into the Latin market, with its website and software now available in Spanish and Portuguese, along with multilingual staff who are trained to support every department, including customer sales, support, onboarding, marketing services and distribution. Intercept Music Inc is a multifaceted label and artist-centric platform solution provider that champions creative musicians. “During fourth quarter 2022, we will continue to expand in the Latin markets,” the company stated in the press release. “We also expect to announce several major global partnerships that will drive U.S. sales in 2023. We will launch more marketing services, and we hope to add more music catalogs. With several successive quarters of growth, the company will be finalizing its funding and capital requirements for the medium term and should be done by the end of the fourth quarter 2022. We believe that with the explosion of music being created, the success of digital promotion, and the merger activities taking place within the music industry, the time is right now.”

To view the full press release, visit https://ibn.fm/fx3Ku

About Sanwire Corporation

Sanwire, a diversified company with a focus on technologies for the entertainment industry, has been involved in aggregating technologies for a number of 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

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 MenloPark.com & California Media Partners, LLC. All rights reserved.