In the article in CNN Business titled “Some Companies Are Part of the Coronavirus economy. The Rest are in trouble” the author highlights companies that are positioned to do very well in the Coronavirus economy and those that have suffered, and are even on the brink of closing permanently.
The companies that the author says are positioned very well include; Google (NASDAQ: GOOG), Facebook (NASDAQ: FB), Microsoft (NASDAQ: MSFT), Amazon (NASDAQ: AMZN), and Tesco (OTCQX International Premier: TSCDF). The companies were chosen largely in part because they have already proven themselves in the current economy, and are forecasting strong earnings.
The companies that the author says are in trouble are Disney (NYSE: DIS), due in large part to the closure of their theme parks, and Marriot (NASDAQ: MAR), due in large part to the quarantines and lack of business travel.
Lastly the company that could face imminent closure is Live Nation (NYSE: LYV) one of the largest live concert companies, due to the complete cancellation of all live concerts. During this economy nearly all music is consumed via streaming and downloads.
Here is one company that may be positioned very well in the Coronavirus economy that focuses primarily on the streaming and downloading of music….
(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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