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Thanks A1ex
Hi Watching....
Melody have added to the App 'Wafia - Live in LA' on 27 May, 2am UK Time.
In addition to this, Melody have also added a free recap of last years Wireless festival (5 songs - 30 second snippets), to get peoples juices flowing. As yet neither of these have had a Social Media plug but all in good time.
Have I missed who the next live artists to be streamed will be ?
thats very encouraging peter.thanks.
App downloads growing, the app has gone from number 200 down to number 36 in music apps in the space of a few days.
Also something to consider... Live Nation Raised £800 Million in debt the other week. Would not rule out this company also taking a very keen interest in Melody in terms of T/O...
https://www.yahoo.com/entertainment/live-nation-raise-800-million-141733972.html
Pretty sure the majority of the loss in the last report related to investment in people and digital infrastructure. Didn't they grow the team to about 40 people last year? Expenditure relating to content production and royalties was around £1.4m as it wiped out the £1.2m revenues.
The team on LinkedIn now stands at 86 people. I would therefore expect reported losses in the forthcoming report to be significantly higher if they've added 40+ people YoY and haven't seen material changes in revenue from app sales in the period until end Dec 2019
I have to chuckle at the self-importance with which we're warned that the accounts will show X amount as a loss. Those with a seeing-eye will know that the greater majority of this "loss" is actually cost of investment into new recordings. The actual value (as opposed to cost) of the recordings is in their future money-making potential, so not really a loss at all. The idea that somehow the company is going to fold because of these losses, or that these expenses are not necessary, or even that its a reason not to be investing here, is, quite frankly a bit too simplistic or plain absurd.
It's amazing how people pick up on half a story and just blow it out of all proportion. If it wasn't worthwhile investing in MVR then the vigour behind the recent £12M inflow was just a figment of everyone's imagination. The stock in trade of this company is its recordings library and it will rise or fall on the sustainability of that resource. There won't be any big buyers out there ready to pounce until the library becomes self-sufficient, at least big enough to satisfy ongoing demand _after_ all the free-stuff has been experienced. Eventually, live shows will draw the people and (bigger) money in, but unless the library can satisfy their ongoing enjoyment, there is a huge risk of a negative backlash. It's the main reason why there's reticence over exposure too soon.
So, if the library production costs are shown as losses, even 10M quid's worth, there'll still be around £20M with which to strengthen the library for a further year or two yet, even with no income at all. In that time, despite CV19, there should be some sort of subscription model in place, some sponsorship deals struck and some advertising revenue to boot. All this while MVR relies on the recording artists and their fans to spread the word for them. What we don't yet know about is how the big players will deal with their current involvement as investors.
Whatever, it's still not a bad company to be invested in, is it?
Let media kick in full swing
Nobody cares of the report anymore, and wetwipe shorters can't see the difference between viral fame and and stupid report that growing in the background lol...
BADBAT It is technically possible for a bod to suppress the sp if they so wished,Who knows if it’s happening it’s all a matter of opinion,
It's no longer about the revenue anymore that will come last, and won't be a packet of peanuts either, the biggest thing mVR can do is maximum exposure .., people live on social media right now due to covid.... This is MVR being creative at its finest ....
Wafia added to app (she’s awesome btw) https://melodyvr.page.link/gbReckZ3DABxBxP26
Teasers for Wireless Connect also added https://melodyvr.page.link/2eYmc4YBfVgMHJ4b8
Petebo - I suggest, like you, that the "Admin" costs will be stable
The interesting part will be the revenue because I don't recall as many contributions, as happened in the previous FY, from the likes of Facebook, so perhaps what we will see will be a real measure of sales.
Everyone know what the accounts will look like which is why they won’t drop anywhere near 25 to 40%
plenty of the printed sells are in fact buys.
i know cos my two buys are showing red, so suspect there are man many others.
MMs will re rate this through out June in the lead up to the event imo
STRONG BUY N HOLD
Watch this fly shortly
If they made 2B the SP would go down. I am tempted to cash out if it gets to a penny
With the year end results expected, what do they need to show
Losses stabilising or getting better ?
Revenue increasing, but by what factor ?
My assumption is that at this stage it would be astounding, or exceptionally creative, for them to make a profit,
Are we been scammed
Yep, looks like a Twitter Fault. I now get
Something went wrong, but don’t fret — it’s not your fault.
Link doesn't work
Fox it won't go up. too much manipulation
https://twitter.com/messages/1207340889858805760/media/1263445157590052868