Audius, a decentralized music company with investors including Katy Perry, The Chainsmokers, and other music titans, has purchased the virtual music experience platform SoundStage.

Through this acquisition, the firm hopes to expand its footprint in the metaverse by offering virtual concerts.

The CEO and co-founder Roneil Rumburg said:

“Soundstage.fm has built one of the most compelling environments for artists and their fans to meet virtually and is a natural extension of what the Audius community is building.”

Electronic dance music-centric SoundStage.fm was founded in 2019 by Ara Kevonian.

According to a press release announcing the acquisition, SoundStage.fm’s virtual concerts let fans “join via webcam and interact with both the audience and artist in a lifelike manner.

In September 2021, Audius announced a $5 million round of strategic funding joined by industry heavyweights, including Maverick Founder Guy Oseary’s Sound Ventures, SESAC‘s John Josephson, and former Sony Music Publishing (then Sony/ATV) boss Martin Bandier.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Metaverse News

Audius Has Acquired Virtual Music Experience SoundStage

Audius, a decentralized music company with investors including Katy Perry, The Chainsmokers, and other music titans, has purchased the virtual music experience platform SoundStage.

Through this acquisition, the firm hopes to expand its footprint in the metaverse by offering virtual concerts.

Audius has acquired Virtual Music Experience Platform https://t.co/9UrWkT3WFI! ????@SoundstageFM has built one of the most exciting ways for artists and their fans to meet in the metaverse and is a natural extension of what the Audius community is buildinghttps://t.co/OssC66DxIk pic.twitter.com/bgFmGl8JAN

— Audius ???? (@audius) October 19, 2022

The CEO and co-founder Roneil Rumburg said:

“Soundstage.fm has built one of the most compelling environments for artists and their fans to meet virtually and is a natural extension of what the Audius community is building.”

Electronic dance music-centric SoundStage.fm was founded in 2019 by Ara Kevonian.

According to a press release announcing the acquisition, SoundStage.fm’s virtual concerts let fans “join via webcam and interact with both the audience and artist in a lifelike manner.

In September 2021, Audius announced a $5 million round of strategic funding joined by industry heavyweights, including Maverick Founder Guy Oseary’s Sound Ventures, SESAC‘s John Josephson, and former Sony Music Publishing (then Sony/ATV) boss Martin Bandier.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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