Sanwire (OTC: SNWR), focused on technologies for the entertainment industry, together with its wholly owned subsidiary Intercept Music Inc., today announced the completion of 25 online retail stores for its Intercept PLUS artists. Per the update, the online retail stores provide artists the ability to sell branded merchandise to their fans. Artists choose the products they wish to sell and promote, including logos, designs, prints, etc., and Intercept takes care of the rest for a share of the profits. “With the complete ban on live performances, musicians are losing out on their biggest revenue stream, and that in turn affects their second-largest revenue stream, merchandise,” said Tod Turner, president of Intercept Music. “We set out to maximize revenue to independent musicians, and these online retail stores are a huge step toward that.”
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About Sanwire Corp.
Sanwire, a diversified company with a focus on technologies for the entertainment industry, has been involved in aggregating technologies for a number of years. The company looks for opportunities in fragmented markets where technology can be applied to consolidate services into a single platform of delivery. Sanwire’s current focus is advanced entertainment technologies. For more information about the company, visit www.SanwireCorporation.com
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