Friendable Inc.’s (FDBL) Fan Pass Platform Offers Important Alternative Revenue Streams, While Traditional Music Streaming Companies Face Criticism

May 19, 2021

  • The Union of Musicians and Allied Workers (“UMAW”) has waged war against music streaming companies such as Spotify, demanding that they change their revenue structure to benefit featured artists more
  • The Fan Pass platform combines the revenue structure of traditional music streaming sites but with a unique spin, offering artists more opportunities for individual revenue streams
  • Friendable has worked hard since launching Fan Pass in 2020 to find ways to increase revenue for artists, including PPV ticket sales, upcoming NFTs, and more

Music streaming companies like Spotify Technology S.A. (NYSE: SPOT) and Apple Inc. (NASDAQ: AAPL) have come under fire recently for not sustaining artist livelihood because the revenue structure they offer does not truly benefit musicians. In the United States, the Union of Musicians and Allied Workers (“UMAW”) was formed to help ensure that musical artists are being paid their fair share of royalties from streaming services. The goal is to create a more just relationship with labels and create safer guidelines for venues. The primary target of the UMAW seems to be Spotify, with the Union demanding:

  • Pay of at least one cent per stream
  • A user-centric payment model
  • Making closed-door contracts available to the public
  • Revealing existing payola, then ending it
  • Crediting all labor in recordings
  • An end to legal battles that are intended to impoverish artists further

A 34-year-old British musician, Nadine Shah, describes her experience as being financially crippled during the pandemic. She is one of the artists who has banded together to force a change. “If we got paid a meaningful income from streaming, that could be a…

Read More>>

NOTE TO INVESTORS: The latest news and updates relating to FDBL are available in the company’s newsroom at http://ibn.fm/FDBL

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
[email protected]

InvestorWire is part of the InvestorBrandNetwork.

More News

CANES & TALES LAUNCHES THE GREAT RAILWAY BAZAAR, A COCKTAIL JOURNEY ACROSS EUROPE AND ASIA BY RAIL
Nov 14, 2026
CANES & TALES LAUNCHES THE GREAT RAILWAY BAZAAR, A COCKTAIL JOURNEY ACROSS EUROPE AND ASIA BY RAIL

Canes & Tales at Waldorf Astoria Osaka introduces The Great Railway Bazaar, a menu inspired by American novelist and travel writer Paul Theroux’s rail journey across Europe and Asia and the happy accidents that make travel memorable. The menu spans five famous railways - the London Underground, the Orient Express, India’s Grand Trunk Railway, Japan’s beloved Shinkansen and the International Express which journeys across Southeast Asia. Each is represented by two cocktails bringing to life the flavors of the region - with one offered in both alcoholic and alcohol-free versions - inviting guests to wander any path that speaks to them.

60 Years of Barbadian Independence // 60 Facts You Didn’t Know About the Island
Nov 14, 2026
60 Years of Barbadian Independence // 60 Facts You Didn’t Know About the Island

This year, Barbados celebrates 60 years of independence from Britain. This island paradise is one of the world’s foremost tourist destinations, pairing serene beaches and stunning landscapes with a cool, laid-back feel. But how much do you really know about Barbados? We’ve compiled 60 facts to celebrate 60 years of Barbadian independence, with help from the team at Royal Westmoreland, purveyor of luxury villas for sale in Barbados.

Nationwide US flight grounding causes major disruption as FAA halts departures across America
Nov 14, 2026
Nationwide US flight grounding causes major disruption as FAA halts departures across America

A nationwide aviation shutdown across the United States brought air travel to an unprecedented standstill on Friday, November 13, after the Federal Aviation Administration (FAA) ordered all departing flights at US airports to remain on the ground following a major communications failure affecting the country’s air traffic control network. The extraordinary decision disrupted thousands of flights, stranded passengers at airports across the country and created widespread uncertainty for airlines and travellers, with some of the busiest aviation hubs in the world affected.

tulah Clinical Wellness partners US platform to offer specialist medical second opinions in India
Nov 14, 2026
tulah Clinical Wellness partners US platform to offer specialist medical second opinions in India

tulah Clinical Wellness, developed by KEF Holdings in Kozhikode, Kerala, has partnered with US-based Apex Opinion, operated by Krivox Inc., to provide Indian patients access to independent medical second opinions from US board-certified specialists. The service, expected to become available from November 2026, will cover multiple medical disciplines through remote consultations and medical record reviews.

Viral baker LinLin’s sweet journey to success, from lockdown baking to Korean reality show
Nov 14, 2026
Viral baker LinLin’s sweet journey to success, from lockdown baking to Korean reality show

Towards the end of 2025, Charmaine Wong Szu Lin was scrolling through her Instagram DMs when a message stopped her cold. A South Korean production company wanted her to join a reality baking show. Her first instinct was deep suspicion. “Is this a scam?” the self-taught Malaysian baker, 30, recalls asking herself. It was not – the offer came from Bite Me Sweet, a baking competition that eventually aired on Viu from April to May this year. The show pairs five renowned female pastry chefs from...

The RuMa Hotel in Kuala Lumpur is a modern oasis celebrating Malaysian heritage
Nov 14, 2026
The RuMa Hotel in Kuala Lumpur is a modern oasis celebrating Malaysian heritage

When looking to book a five-star hotel, it’s tempting to play it safe and opt for one of the usual suspects. Brands like Four Seasons, Mandarin Oriental, Ritz-Carlton, St Regis, Peninsula and the likes – all wonderful hospitality groups with long histories behind them – have properties in pretty much every single global metropolis these days. It’s becoming increasingly rare to come across an independent five-star hotel that offers the same kind of service and facilities as those well-known...

If You Take Multiple Trips A Year, Then You’ll Def Want To Own These 46 Products
Nov 14, 2026
If You Take Multiple Trips A Year, Then You’ll Def Want To Own These 46 Products

Every globetrotter deserves to arm themselves this handy portable clothes steamer and these beloved travel-friendly pants. View Entire Post ›

38 Travel Products You’ll Thank Yourself For Grabbing Before The Holidays Roll Around
Nov 14, 2026
38 Travel Products You’ll Thank Yourself For Grabbing Before The Holidays Roll Around

Because they'll be here before we know it. View Entire Post ›

How emperors and officials were blamed for natural disasters in ancient China
Nov 14, 2026
How emperors and officials were blamed for natural disasters in ancient China

Political resignations are often presented as expressions of accountability after public disasters. Yet the departure of a senior official does not necessarily mean that the individual was personally responsible for what happened. Recent events in Hong Kong and Spain illustrate the distinction between accepting political responsibility and being directly culpable. In Hong Kong, Chief Executive John Lee and seven senior officials apologised over the Wang Fuk Court fire in Tai Po, which killed 168...

Why catching prediabetes early is a game-changer, and how to prevent it progressing
Nov 13, 2026
Why catching prediabetes early is a game-changer, and how to prevent it progressing

The man in his early forties felt perfectly well. A desk-based office worker, he had come in for a routine health assessment. The finding of prediabetes surprised him, despite a strong family history of diabetes and cardiovascular disease, recalls Hong Kong family medicine specialist Dr Geoffrey Lau Yue-young. They agreed on three goals: replace sugary drinks with unsweetened alternatives, walk for 20 to 30 minutes most days, and reduce the portion of rice or noodles at dinner. But business...

UN hails progress in Ebola response, cites insecurity as biggest challenge
Nov 13, 2026
UN hails progress in Ebola response, cites insecurity as biggest challenge

UN health officials on Friday hailed progress in the Ebola response six months after the ​outbreak first prompted global concerns, but cautioned that ‌the disease continues to spread to more remote and dangerous parts of Congo.

NYC’s Secret Budget Hotel Hack: Religious Guesthouses
Nov 13, 2026
NYC’s Secret Budget Hotel Hack: Religious Guesthouses

Staying near prime tourist attractions in Manhattan can cost hundreds, even thousands, of dollars a night. These five properties welcome budget travelers of any faith.

YOUR NEWS, OUR NETWORK.

Do you have Great News you want to tell the world?

Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.

Daily Travelogue

In Daily Travelogue, we aim to provide rich content for the budget traveler. We only publish blog post that is informative and entertaining to add value to our readers’ user experience.

Newsletter