In an recent article from Variety titled “Media Earnings Q3 2020: Investors Search for Signs of Recovery, Strategies on Streaming,” the writer discusses how the COVID-19 pandemic has affected media companies and what they need to do to stay competitive.
The writer points out that Netflix (NASDAQ: NFLX) has historically dominated the movie and television streaming sectors. Now with the COVID-19 pandemic the other major media companies have to rethink their strategies. These companies include; AT&T (NYSE: T), Comcast (NASDAQ: CMCSA), Disney (NYSE: DIS), CBS’s Viacom (NASDAQ: VIAC), Fox, and Discovery.
These companies have two major obstacles to overcome to stay competitive. First obstacle is Netflix, they are the leader in streaming and have taken quite a lead ahead of the others. The other major obstacle is the COVID-19 virus.
The writer states that both of those obstacles can be overcome with investments in streaming, more specifically streaming new content.
Investors are patiently waiting for all of these companies to report 3rd quarter earnings to assess how they have done through the pandemic and to see how permanent these effects will be.
Taking into account that streaming is here to stay and the future of entertainment, here is a company that needs to be on your watchlist…..
(OTC PINK: SNWR)
Independent musicians total 12 million, and make up the fastest growing sector in the music industry. Without the backing of a record label, they often struggle to promote and get their music distributed to the public.
Sanwire Corporation, (OTC Pink: SNWR) through its wholly owned subsidiary, Intercept Music (www.interceptmusic.com), provides independent musicians a platform to distribute and promote their music utilizing a software as a service (SAAS) model. Intercept has a product line that engages artists early in their career, and then stays with them as they grow.
For only $5.95 per month, 12 million independent artists can now distribute for both streaming and downloads, to hundreds of digital retailers worldwide, including Apple Inc.’s (NASDAQ: AAPL) iTunes and Apple Music, Spotify (NYSE: SPOT), Amazon Music (NASDAQ: AMZN), Pandora (NASDAQ: SIRI), and Google Music (NASDAQ: GOOG).
This is done in conjunction with Universal Music Group’s (NASDAQ: UMGP) wholly owned subsidiary, Ingrooves.
To augment the music distribution network, Intercept’s online platform allows musicians, for $49.95 per month to launch and execute promotion campaigns to maximize reach and audience growth through all of the major social media outlets including; Facebook (NASDAQ: FB), Instagram, Twitter (NASDAQ: TWTR), Tik Tok, and Google’s (NASDAQ: GOOG) YouTube.
Intercept’s online platform was designed as a DIY service with everything an artist would need on a single platform. However, musicians may elect to use, if invited by the company, the Intercept PLUS label services program once they have at least 10,000 fans and meet other minimums. For this Intercept is generating fees in the form of a percentage of sales.
SNWR’s revenues are generated from multiple sources including subscription fees, revenue/profit sharing fees from merchandise, music distribution, and advertising, playlist curation, and targeted marketing campaigns.The company just announced that they expanded their physical distribution network to include Amazon International (NASDAQ: AMZN), Target.com (NYSE: TGT), Walmart (NYSE: WMT) BarnesAndNoble.com (NYSE: BKS), and Tower Japan.
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