NEW YORK--(BUSINESS WIRE)--On Friday March 20th Vibe Records (OTC BB: VBRE - News) took delivery of a new state of the art recording console to supplement its New York operations and to enhance its ability to produce quality albums in a shorter time frame. The new console, an SSL 4048 G, has a market value of over half a million dollars and is considered to be the industry standard for producing commercial releases. Since its delivery, Vibe Records technicians have worked around the clock installing the equipment and preparing the studio for recording sessions.
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“This console/recording equipment will enable us to record the same quality audio as the majors,” reported Tim Olphie, CEO of Vibe Records. “Perhaps more importantly, since the equipment was acquired in Nashville - the Music City - the relationships we established opened many doors for our growing business. Our joint venture with Interface Audio and Sound Stage Studios (www.soundstagestudios.com) will facilitate our entry into the country music market, generally recognized as the most successful and fastest growing segment of the industry. As part of this industry segment, Sound Stage Studios has been responsible for recording albums for artists that have sold a combined 430 million CDs. We look forward to working with them to expand that number,” said Olphie.
As it grows its collection of artists, Vibe Records will be in a position to sell CDs at a price point acceptable to today’s consumer because it will control both the recording and distribution of its music. To further support its business plan, Vibe Records has also established a relationship with Liquid Media (www.liquidmediany.com) that will allow it to control the replication and packaging of its music products at prices significantly less than other record labels. As a result of these cost and process controls, Vibe Records expects to realize a net profit of about $8.50 per standard CD, less recording costs, which sum it will share equally with its artists. “Through this business model which generates much higher profits and provides significantly greater return to our partners/artists, Vibe Records is confident that we will attract many new and established musicians of all genres to share in our success,” remarked Vibe Records CEO Tim Olphie.
In addition to this hybrid music production formula, Vibe Records is negotiating with major ticket companies to establish a revolutionary ticket sales product for concerts, sports and events of all kind. Vibe Records is also creating a relationship for the manufacture and marketing of specialty clothing, positioning itself as an online destination for fashion and leisure. “We intend to apply this strategy to all forms of media and products of modern culture and entertainment. With appropriate controls and the aggressive application of technology, we think our approach to profit sharing will attract the best talent in music, fashion and opportunity,” concluded Olphie.
For further information, visit www.viberecords.com
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
Contact:
Vibe Records, Inc., Nevada
Investor Relations, 888-336-8423 (VIBE)
investorrelations@viberecords.com |
