Destiny Media Technologies Inc (OTCMKTS:DSNY) Releases Details About Its New Service

Destiny Media Technologies Inc (OTCMKTS:DSNY) is a unique service that allows users to securely display and distribute their audio and video recordings. Recently, the company added another great feature to its belt of amazing services. The DSNY has started its own music blog marketing service. The blog is planned to be interconnected to, approximately 2,600, blogs and users would be able to reach an audience of about 4,000 recipients. The service is also targeted to make the interaction of talented users with brand labels possible. Additionally, there has been news that the blog would support cross integration with third party websites, like Shazam, to improve its music identification system.

Learn what the indicators are telling the analyst about DSNY.

The service is due to be launched with an introductory price of $250 for customers that want to market themselves using the network only. For those who already have a single track release going to radio, the charges would be $125. The chief operating officer of Destiny Media, Dale Borland, expressed his excitement about the service and his anxiousness to see how it blends into their marketing strategy.

The company believes that their competitive pricing, delivery of quality of the track and accuracy are the most important selling points of the service. The audience would be allowed to leave reviews for any music they listen to, which would then be used to gain the attention of labels. According to a recent survey from Music and Copyrights, independents are responsible for 35% of the music released annually. Using the services of Destiny Media and its blog, these independents would have a sure way to make a name for themselves.

Destiny Media Technologies Inc (OTCMKTS:DSNY) closed at $0.56, reporting an increase of 1.82% on April 9. The company currently trades 52.99 million shares in the market with a 52 week range of $0.25-$1.25. Additionally, DSNY is due to release its 2Q2015 within a few days. It had recorded a 4% increase in revenue in the previous quarter. The company also reported a net loss of $56,000 for the same quarter, but that had no effect on the share value.

Abbott Michael

Abbott Michael

Michael joined US Markets Daily in 2009 and is a national news reporter focusing on economic issues, data analysis and the financial health of state and local governments.