VNUE, Inc. announced that co-founder Matthew Carona has resigned from all positions with the company, and that the company's remaining board of directors subsequently elected Lou Mann to fill the vacancy on the board left by the company's departure. Mr. Mann will continue in his role of Executive Vice President as well. Lou Mann has an extensive background in music, and has been working in the business since 1986, where he was employed by MCA Records as Senior VP of Sales and Marketing.
VNUE, Inc. is a music technology company. The Company utilizes its platforms to record live concerts and commercializes the content by making the content immediately available for purchase through its Website and the Website at Set.fm, a technology platform that enables musical artists to capture, promote and sell high-fidelity recordings instantly. Additionally, it offers high-end collectible products such as compact disks (CDs), universal serial bus (USB) drives and laminates, which feature its fully mixed and mastered live concert content, through its exclusive partner DiscLive Network. Its products and services include Stage It (Stage It.com), Set.fm / DiscLive Network, and Soundstr. Through Stage It.com, the Company can livestream concerts and other events, adding to the pool of other live music-focused technology services that include concerts or other live events. It protects the rights of artists and writers with the Company's Soundstr music recognition technology (MRT).