Sanwire (OTC: SNWR), a diversified company with a focus on technologies for the entertainment industry, announced that, through its subsidiary Intercept Music Inc., it has expanded its distribution network to include additional major retailers. Earlier this Intercept launched its physical distribution network with numerous retail giants, including Amazon.com, Walmart.com and FYE. That distribution list has since grown as the company has added Amazon International, Target.com, Barnes & Noble, BarnesAndNoble.com and Tower Japan; these major retailers have become available through distribution partner Super D. Intercept’s distribution platform also includes a physical distribution network of more than 1,000 U.S. and global record stores. Intercept provides independent artists with a vast majority of ways to maximize their revenue potential beyond broad digital distribution offered in its Emerging Artist and Intercept Plus plans. The market for physical sales accounted for 20% of all music revenue in 2019, or more than $1.1 billion. “Expanding our physical distribution network makes our artists’ music available worldwide and to a much larger audience and hence much higher revenues to the artists and us,” said Intercept president Tod Turner in the press release. “These additional major outlets include both e-commerce as well as physical locations; domestically and globally.”
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About Sanwire Corporation
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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