Major Record Labels Feeling Strain from DIY Music Production and Distribution Services Like Friendable Inc.’s (FDBL) 360-Degree Artist Platform

• Based on Spotify data, the number of uploads on the platform has increased, but record labels are losing control of these uploads – diluting the market share
• Some labels have halted any DIY artist distribution operations and are only offering services to invited artists
• Friendable’s Fan Pass Live (including Artist Republik and FeaturedX) is the “anti-label” collection of services for independent artists looking to produce, distribute, and market their music without major record label control
• Fan Pass Live is giving the top three tip earning artists free merchandise in June (up to a $400 value)

Major record labels are beginning to feel the strain from DIY music production and distribution services, like Friendable’s (OTC: FDBL) 360-degree artist platform – Fan Pass Live, Artist Republik, and FeaturedX. Friendable is a mobile technology and marketing company focused on developing and identifying products, services, and brand opportunities with mass market potential and scalability. In January 2022, Friendable completed its acquisition of music distribution company Artist Republik.

Based on data released by Spotify, approximately 60,000 tracks were uploaded to Spotify daily during Q1 2021. The numbers so far for 2022 reflect an uptick in uploads, possibly in excess of 70,000 uploads or more daily. Of these uploads, the major record labels claim a percentage of the uploads – in 2017, the…

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