Draft:The Phone Up Studios Inc

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The Phone Up Studios Inc
Formerly
  • Phill's Merchandise (SP) (2017–2019)
  • Baby's&More (SP) (2019–2021)
Company typePrivate
IndustryEntertainment
FoundedSeptember 2017; 6 years ago (2017-09)
FounderFelipe Vasquez
HeadquartersTexas, United States
Area served
Worldwide
Key people
  • Felipe Vasquez (CEO, Founder, and President)
  • Mason Rodriguez (CSO)
  • Lucas Carter (COO)
  • Benjamin Chen (CFO)
Number of employees
65,000 (2023)
Divisions
  • Phone Up Records
  • TPUS Film Studios (PUSP)
  • The Hollywood Chronicle
Websitethephoneupstudios.com

The Phone Up Studios, Inc. (alternatively known as Phone Up Studios or Phone Up Ent., commonly abbreviated as T.P.U.S) is an American media and entertainment conglomerate. Founded by CEO Felipe Vasquez in 2017. It is headquartered in Texas, USA. It had revenues in excess of $94M as of 2023.[1][unreliable source?]

History

The Phone Up Studios was founded by CEO, Felipe Vasquez on September 29, 2017. The company initially operated as “Phil’s Merch” an e-commerce on-line store, making most sales from social media influencers. In its first year in business, the company sold 12,000 products. By 2018, sales had reached USD$7.5M.[2][unreliable source?]

In 2019, Phil’s Merch merged into “Baby’s&More” an e-commerce on-line store specializing in baby-originated products. Later that year, the company launched a mobile shopping app for both IOS and Android.[3][unreliable source?]

By 2021, with the success of both entities, sales had reached USD$29M and 50,000 products sold, In the subsequent year, it initiated rebranding and restructuring efforts, transitioning into an entertainment company.[4][unreliable source?]

As of 2023, it employed 65,204 people worldwide. In 2023, the corporation alone was valued in excess of $94 million, [citation needed] making it a valuable company in the entertainment industry. Previously, in 2018, The Phone Up Studios was valued at $7.5 million.[citation needed]

On December 11, 2023, The Phone Up Studios announced its acquisition of Hell, Michigan, with CEO, Felipe Vasquez assuming the role of official mayor.[5][unreliable source?]

In February 2024, The Phone Up Studios announced its upcoming production studios based in Atlanta, GA, and Los Angeles, CA, scheduled to open in March 2026.[6][unreliable source?][7][unreliable source?]

References

  1. ^ James, Joe (26 November 2023). "The Phone Up Studios: Redefining The Music Industry With Unparalleled Support For Artists". International Business Times. Retrieved 18 April 2024.
  2. ^ "The Phone Up Studios, Inc. Acquires Historic Town of Hell, Michigan". Yahoo Finance. 17 December 2023. Retrieved 18 April 2024.
  3. ^ Dec 17, ACCESSWIRE (17 December 2023). "The Phone Up Studios, Inc. Acquires Historic Town of Hell, Michigan". ABC27. Retrieved 18 April 2024.{{cite web}}: CS1 maint: numeric names: authors list (link)
  4. ^ "Phone Up Studios Secures $5M for Innovative Software & US Expansion". Yahoo Finance. 8 November 2023. Retrieved 18 April 2024.
  5. ^ Nov 07, ACCESSWIRE (8 November 2023). "Phone Up Studios Secures $5M for Innovative Software & US Expansion". KRON4. Retrieved 18 April 2024.{{cite web}}: CS1 maint: numeric names: authors list (link)
  6. ^ "Baby's&More | Apps | 148Apps". www.148apps.com. Retrieved 18 April 2024.
  7. ^ "Phone Up Studios Commences Atlanta Expansion". Oz Magazine. 2024-04-16. Retrieved 2024-04-23.
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