Sativa Wellness Group #SWEL, the UK-based CBD business give London South East an operational update Watch Now
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Data science, new up and artist, sounds familiar!! IMO
And yesterday, Rhapsody, which owns Napster, was acquired by immersive music performance startup MelodyVR, which has built a business around virtual concert performances. MelodyVR has also been working on events with big organizers like Live Nation and others in the wake of COVID-19 rules preventing large in-person gatherings. MelodyVR has large ambitions to take its virtual concerts up a gear, now with the added benefit of providing a large streaming catalogue alongside those video experiences.
Others reportedly interested in building up virtual music performance services include Twitch, which is deepening its ties to the music industry. And don’t forget that Apple in 2018 quietly acquired Platoon, a group of A&R experts that could help the company be closer to sourcing and discovering talent and working with artists, perhaps also in the name of developing live performances.
Combined, these efforts could help push the livestream market forward, after steady increases on the monetization front over the years. Data from virtual concert platform StageIt, as reported by Billboard, noted fans were paying just $3.75, on average, for a 30-minute livestream in 2011. This has since grown to $16.50. Ahead of the pandemic, PricewaterhouseCoopers had projected live music events would generate $28.8 billion in revenue in 2020. But whether Spotify taps into the full potential of the market as it plays out on the virtual stage remains to be seen.
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CE Pro Editors • August 14, 2020
Sonos’ Trueplay EQ correction technology helps differentiate the new Arc soundbar, Ted Dworkin notes.
Recently, CE Pro virtually sat down with Ted Dworkin, SVP of product management, and customer experience, Sonos, to discuss the company’s new Sonos Radio feature, integration of high-res audio, and much more.
Why did Sonos launch Sonos Radio and what makes the service unique?
Our customers love radio. Around half of all listening on Sonos is radio, and so much of that is about the range — from hyper-local and genre-based stations to global stations, even from places you may never visit. We wanted to expand the choices and felt like we had a point of view on the programming that customers would appreciate.
Sonos Radio is broad and deep, bringing together more than 60,000 stations alongside original programming we provide. Our open platform gives customers choice and content partners an opportunity to reach those customers, and that’s the same premise in Sonos Radio. We work with Internet radio services including TuneIn, iHeartRadio and Napster to power the service and bring great content into one collection.
Hi Lordfont, we haven’t long to find out what the Arden’s target price will be, it’s great to discuss the merits of the LTH’s views, I’m sure BrownAdder and the London based investors have a view! GLA
I will have to disagree for the first , only IMO , i think the nature of the worth will be the equation which the Arden report will point out , and that will be all the positive and negative which is shown in all the financials , i would love to see 18p :)
The 18p target was based on the 2020 series of concerts, which I believe have only been postponed, we now have additional business and associated revenue, with an increased infrastructure and additional associated partnerships. The debt is to our various Music & Entertainment Industry partners, so they have an interest in the success of the company! With additional investment from new or existing shareholders MVR-Napster the company is in an extremely strong position, therefore an 18p target price is I believe realistic! IMO
With the strong connections with Live Nation and iheartmedia, it’s realistic that John Gore will take up his option as part of the ‘reverse takeover’ bolstering the cash flow!!
The partnerships are very well connected!! IMO
Mel, you are correct. Not sure where 22p target is from...maybe from previous broker? Never mind 18p it is. For me the first milestone to see JG option in the money. That I trust we put us all in the money.
IMO , we cant ignore 195k revenue and 40 million debt taken on for Arden's new valuation , just being conservative here , i cant see how Arden can give us a higher price than 18p when they will have strict calculations and equations , but then i dont understand how much the deals are worth and i have had a go it was mind boggling !!!!!!
I believe, the last Arden’s broker note stated 18p as the target, this was 1st November 2019. I personally haven’t seen 22p quoted, however I would be interested to see the data. With the addition of the ‘Powered by Napster’ business and the Napster subscription model it will be interesting to see the new Arden’s Target price, personally I cannot see a reason for the Target SP to be less!! Imo
the valuation when was that set please.
can you link me thanks.
Broker valuation prior to the RTO set the price above 20p... if I’m not mistaken 22p. It will be very interesting to read how broker’s expectation Is being impacted by RTO and the additional news Before trade resumes. My hope that the price will be enough for JG’s option to be in the money.
The RNS for me would announce the name (MVR-Napster), it would contain details of an extended/renewed partnerships demonstrating the new platform is considered by the Music/Entertainment Industry as the preferred option for new and up and coming artists, it would announce a series of experiences extending into spring 2021, with details of the release of the library and the subscription model for the new platform. Finally it would provide details of the new directors following the ‘reverse takeover’ and the vision of the new company! Nothing above is rocket science, but together with an income stream and Arden’s broker note, this would stimulate the SP as the market would have data to make serious investment! IMO
McDonalds are doing their own virtual gig which will involve the ‘UK’s hottest Artists’. It starts this Friday (30th October) and runs for three days! Is anyone getting a little frustrated with the opportunity MVR are currently missing? Or do people see this as a positive i.e. raising the profile of virtual gigs?
Yes and they have been very busy acquiring other companies , looks like there is a something on the horizon :)
Mel what RNS would you like to see .
iheartmedia are definitely an important partnership to Napster and Live Nation definitely an important partnership to MelodyVR, funnily enough now MVR-Napster are to be the same company, future talks should be easy! IMO
it is still active and expires on 31st dec 2021.no idea whether if will be exercised or not .will presumably depend on the s/p over the next 14 months.
Is JG option to buy @15p still active and how long before it expires?
Will he exercise ?? GLA
The figures will not be impressive as it’s all been about developing the infrastructure and service, it will be interesting how Arden’s picture the strategy going forward and how much the partnerships want to elaborate on the direction. However, out of the 5 year strategy, we are now 60% through, so the next 20% is where we focus on the end product!! IMO
Recochoku provides digital music service to consumer through the mobile phone mainly in Japan. Major Music Label (Sony Music, AVEX, Universal Music, EMI, Victor and others...) invests to this company. The company main role is to sell music to consumer directly by Music Label.
DIRECT !!! :) could face book morth into a fairer business model . the one that breaks the greedy grab will win the public imo .
So many threads to be pulled together .
Revenue 195k and a 1000 % in views increase but mostly free so not expecting anything great imo .
Adverts will be huge once this gets going :)
Hopefully the results will be published on Friday(30th October) alongside a timetable regarding Ex AGM, including the Arden’s report, November looks very interesting and I shouldn’t be surprised to hear another announcement before MVR-Napster re-enters the AIM market!!! GLA