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Sell us the same garbage every day twice a day. AM and others are consistent in doing the same for number of years in the hope to see a different outcome. Well money talks and BS walks and SP is being smashed to pieces. Will the killing APP do us proud....hope it will. IMO and GLA.
Mel " in my view the fundamentals of the company haven’t changed since the release of the Admission Document". 5 months in and we see nothing more than ideas, interviews so far re-iterate what we already know. I hope This kill app look like its cost million to develop. Personally I don't think it will increase user-base anymore that what the current apps are doing. If this was my company I would be pushing the new app now, with video presentations showing it's capabilities.
So good to see the music week article and AM plastered all over it as opposed to the actual company logo or at least some screenshots of the app. AM's ego is too big, self obsessed and is running as a lifestyle company for his own delusion that he is a big boss of industry.
watching this share a long time now, like you bought in july 2016. it would appear to be dropping in value and will soon disappear up its own arse, the arse is called Matchett!
Good morning Londonan and Iofas,
It’s good to hear the opposite side of the discussion, your point of view is always welcome, regarding the SP, I totally agree there has been a drop of 50% - 80% depending on when you bought into this company, I’ve never to my knowledge disputed this fact, I have also never disputed the fact AM has announced deliverables which haven’t been delivered.
However, in my view the fundamentals of the company haven’t changed since the release of the Admission Document, the company has changed considerably since 2016 when I first invested (into a 3 - 5 year plan), the industry has also changed, Facebook invested $2 Billion in Oculus, VR still hasn’t reached the figures MZ predicted. But, as a company we have adapted, our aim to provide an entertainment APP based around music is still the same, our main goal was to achieve our own subscription based business of which we now have through Napster, the subscription figures have improved, we do have an improving revenue stream, we do have a strategy for a new innovative platform, and there is a market looking for something new. We also have sufficient funds to progress the project forward.
We do have partnerships who approve the new APP and by all accounts, artists and record companies who are behind the new platform.
If both of you cannot we the potential of this company, then you really are wasting your life’s posting on this board. For the rest of the LTH’s, yes it’s frustrating, yes our investment has decreased in value in the short-term, but we know through experience the value of the company can increase rapidly. Have a great day!! IMO
Mooney I completely agree with you. Anyone who has been in here a while has heard all this 'jam tomorrow' rubbish from the CEO many times before. We also remember that he's continually failed to create any meaningful value here, despite numerous opportunities to do so. Investors are wise to it now, save for a few of the faithful on this board, which is why all this latest bluster hasn't moved the share price an inch.
Don't get me started on the blockchain/NFT stuff. Yet another flavour of the month pipe dream that we shouldn't be chasing until the fundamentals are in place.
We have to maintain our patience, nothing fundamentally has changed since the Admission docs. Really....50% drop in SP, a direct result of the last finance deal that directly destroyed shareholder value is nothing that should concern us. As usual some folks on the thread are very good in providing their biased IMO.
I can't deny that you're right Mel, it's just a rhetoric that's been on loop for a long time. Everytime I feel optimism creeping in, they fail to deliver and the share price drops further. I topped up significantly thinking news is going to start to flow and that the Comms are going to start carrying some positive weight but instead they manage to create more doubt from their half arsed empty statements and it's killing morale. Just a bad day where all the inconsistencies about how they continue to communicate are screaming at me. The continued silence from equitory and Napster to my emails doesn't inspire either.
Here's to a better day tomorrow
GLA
Thank you Whatshare!
Hi AP & M111,
We have to maintain our patience, nothing fundamentally has changed since the Admission Document was signed off by the shareholders.
We have secured further contracts, we have sufficient funds to launch the new Platform, we have employed further industry expertise, we have employed a IR company, we know the market is growing and the company is growing!! Patience is required!! IMO
hi Albert
The problem is its all pure speculation, but not speculation based around a fact. Its speculation about speculation and therefore several degrees removed from reality. I'm not saying this as a criticism of you Albert but i frustration resides even surrounding this because they're giving us bugger all else.
GLA
Hi Mel
Certainly Sony and Warner might be possible suitors, with what they bring to the table respectively.
But we have a whole myriad of investors/partnerships in place that almost anything is possible.
We have often talked about a take out amongst ourselves, but this is the first time the company has mentioned it.
So this has to be what Emmy Lovell and Equitory have been brought in to do. Ultimately.
TBH, I'd sooner it wasn't yet.
Let the company get some meaningful revenue in, start making a profit, and get a rating.
Get this right and there will be a bidding war.
I also think there will be more content stuffed into the forthcoming app than we think.
Melody/Napster are playing their cards close to their chest.
Me too! I'm winding myself up about this because I feel like it's almost deliberate contempt for existing shareholders. Why is the business retaining the MVR brand for "fondness". Why is this the first investors are hearing of it. Equally why are they exploring NFT's/Blockchain etc if they cannot commit to enough resource to even maintain the MVR business let alone grow it. It's 100% going to be going backwards without any attempt to grow the business unless Singtel and 02 manage to do this for us. Leveraging existing partnerships is what they should be doing not just making new partnerships. If they done that for a mutual benefit then big partners wouldn't keep falling by the wayside. Maybe it's just me being ridiculously negative and I know I'm just angering myself over this but I just can't make sense of the inconsistencies.
GLA
Hope you are right Mel only time will tell
You're welcome right whatshare in that it raises more questions in than it answers. And horsegob is right in that it's all speculative.
I'm not sure whether it's a positive that they're leaving more open to speculation or whether they're lacking clear direction. The app itself you would say is clear direction as is user numbers but the retention of the MVR brand is a curve ball. Is it manipulative to allow fuel the speculation and try and generate excitement or AM with his little toy that is this business . I would certainly hope for theatre as the brand name fits this content I think, but after the last 18months I certainly don't have any confidence in speculating about what may come. Blockchain and NFTs etc seems like a bit of speculative jump too when they're not managing to control or deliver on their current targets. And the absence of any confidence in VR now seems a bit odd. Why drop or abandon one element of new technology which is likely to be on the verge of a bigger user uptake with 5g, but then speculate over possibilities with something that's likely to add less value to the business and increase overheads ( merchandise is a way to improve margins but monetising merchandise via alternative means appears to an unnecessary leap). The more I think about it the more it comes across as disjointed which I find disheartening today.
And regarding partners, I think historically they've leaned too much on partners a need to follow through being being a 'nimble business' and deliver the current business plan effectively first.
GLA.
Hi AP,
In my view, Sony as a shareholder and based in the far-east would be a great partnership for hardware, Warner Music with their new acquisition would be good to buy us out long term. Regarding HorseGob’s remarks about Nikki, I am surprised she has been more active as Chief Marketing Officer, but Emmy Lovell has been employed for a specific role Chief Strategy Officer, therefore she will be working directly with senior management and the IR team, so let’s give her a chance.
It would have been good to receive news of impending releases, however with 80 staff working on the APP there is more behind this than a simple upgrade. So, long term it looks good, short term frustration until more financial is released. IMO
If melody is not being incorporated into the napster app even with the extra 1.5 million
Will we need another fundraise in the future or will melody be a subsection within the app ??
Thanks WhatShares.
It is a U-turn on holding on to the Melody brand, as they intended (in the AD) to phase it out as soon as the new app was ready.
Maybe there is a reason for that. The JGO partnership? Again, silence on this. Although if they have been working on it, it is best kept under the radar until they are ready to go.
Interesting that a take out was mentioned - for the first time that I can recall. It almost looks like AM was inviting the question. You can almost see Equitory in the background, armed with a thick M & A file.
Whatever, it will happen at some point
interesting thoughts what share.of course its a lightweight self promotional exercise,straight out of the katie pilbeam (proactive) school of interviewing, but thats really all one can expect. it's good to see a 3 page spread and a decent photo of matchett. but as you say whatshare perhaps the most interesting thing is whether they are hanging out the sale or for partnering sign.time will tell.
No problem, nothing we don't already know. Couple of statements just pose more questions than anything. The admission document, investor presentation and recent interviews all point to both brands content being merged into one platform however the line in this interview regarding MelodyVR as a brand could survive another couple year really confuses me as to how and why.
The following Q&A paragraph also seems to be very vague and alludes to all sorts of potential developments depending how one reads it! Could be hinting at partnering with a hardware manufacturer, lets say TV's for example like Samsung or LG and delivering the app pre installed? White labelling their content to other streaming sites similarly like they already do on their B2B end? Almost seems like AM putting them into the shop window for a 'significant' partner, what any of those questions could mean or the answers are anyone's guess right now!
Q: Finally, do you see the company staying independent long term?
“Right now, we’re very much independent. What we’ve always looked at is, ‘Is there a way we can get great content into fans’ hands? Is there any way we can benefit the industry?’ If that means partnering with a larger organisation – whether a hardware manufacturer or a different streaming company – we’re definitely not against it. That said, some of these companies are huge and don’t move as quickly as we do. We’re in this unique position where being slightly smaller means we’re a hell of a lot more nimble and can do things that are maybe a little bit more cutting edge. But let’s not take it off the table. Today, we’re very much independent. But if we find a partner that helps us deliver on our goals, then why not?”
Thanks WhatShares really appreciated.
Not much to get excited about there is there.
thanks whatshare.greatly appreciated.
Part 8:
Emmy Lovell Interview:
Napster Group’s newly appointed chief strategy officer Emmy Lovell outlines her big goals for the company this year…
“This year, for me, is about a lot of work behind the scenes. Whilst many of the team are focused on delivering against our 2021 roadmap for product, my efforts are focusing in on where we are travelling in 2022 and beyond, and why artists, industry and the fans should be excited by what we’re doing.
“Napster was launched with a spirit of rebelliousness and
MelodyVR has been about an ‘anything is possible’ attitude from the start. Creating the Napster Group is an incredibly exciting opportunity to push boundaries where we can. There are, of course, expectations as to what a streaming service should look and feel like, but there’s a lot of scope to use the data we have from our users and our own vision to create a platform that’s totally unique
“Covid-19 has changed our lives and ways of interacting and it will be a priority of mine to determine what behaviours are newly formed and here to stay and what will fade away quickly. It has also accelerated people’s technological capabilities so they can stay connected, and music has played a key role across the world in bringing people together virtually.
“It feels more important than ever to ensure we are focusing on serving both people’s favourite memory-evoking tracks along with how we showcase music discovery and the livestreamed experience. It’s definitely going to be a busy 2021!”
Part 7:
Q: And what are the biggest obstacles you face in getting there?
“We’re taking something, as I said, with 20 years of history and relaunching it and we’re hopefully doing something that hasn’t been done before. There is no point giving something a quick lick of paint and saying it’s new, it has to be truly new. And anytime you do something new, you run the risk of it not being perceived in the way you intended, or maybe not being used in the way you’d hoped. Thankfully, we’ve been doing a ton of user testing, so we feel confident we’ll deliver on that, but until you open it up to five million people, you just don’t know. So there’s a certain degree of nervousness about taking a company which has such history, and then putting our spin on it. Other than that, we’re just really excited we’ve got a real opportunity to do something amazing. We have all the building blocks, now it’s about delivering.”
Q: Finally, do you see the company staying independent long term?
“Right now, we’re very much independent. What we’ve always looked at is, ‘Is there a way we can get great content into fans’ hands? Is there any way we can benefit the industry?’ If that means partnering with a larger organisation – whether a hardware manufacturer or a different streaming company – we’re definitely not against it. That said, some of these companies are huge and don’t move as quickly as we do. We’re in this unique position where being slightly smaller means we’re a hell of a lot more nimble and can do things that are maybe a little bit more cutting edge. But let’s not take it off the table. Today, we’re very much independent. But if we find a partner that helps us deliver on our goals, then why not?”
Part 6:
Q: How has the pandemic impacted your business? “It’s obviously been a challenge for everyone, especially if you’re a virtual content business.
We’ve seen a few different things. One, we’ve seen the usage of our platforms go up across the board – we’re all at home, we’re all looking for new forms of entertainment. We were all aware that livestreaming was a thing, but was it that interesting? And were artists that into it? The pandemic has shown us all that that awareness and that appetite has increased exponentially – we saw user metrics scale 20% month-on-month. People are now comfortable seeing a show with their mates at home, they’re happy to see a Liam Gallagher gig from the comfort of their sofa. It doesn’t mean they won’t go in person, but they are now comfortable and have experimented with different ways of consuming that content where, frankly, they may not have done before. That’s the biggest shift that we’ve seen.”
Q: Do you see that level of interest sustaining as in-person concerts return?
“What this pandemic has taught us all is that it’s not one or the other. It’s not a case of, ‘If I don’t go to the show, it’s not worth seeing.’ As we’re slowly getting back to being able to go to events in person, I think everyone’s nervous; I’m nervous about getting in a room with 50,000 other people, right? So digital content has definitely found its place. Our hope is that as vaccinations roll out, shows come back as quickly as possible. But what we will find now is that digital content is pretty important – and that’s where we come into play with the new platform and the Napster acquisition. Livestreams are going to be important, but so are the albums, so are the singles, so is the video, so is the documentary. Being able to weave all this stuff together is the interesting thing.”
What are your main goals for 2021?
“We’ve taken two businesses and, in essence, we’ve smashed them together. Anytime you do that with two companies there is a period of integration and differences in cultures. Napster is a business that, in my opinion, has been slightly neglected over the past few years. It hasn’t had a huge amount of resources and it hasn’t seen a lot of investment or product development – these are all things that we have been fixing over the last few weeks, literally. This year is all about product development, it’s about building a fantastic product that’s good for fans and good for artists. That means a suite of tools; that means a new platform; that means a launch across the 33 countries we’re already in, so we have our work set out ahead of us and there is a lot to achieve. But the goal is to ship something truly amazing by the end of the year that is going to be quite unlike anything that’s been seen before. We’re not changing the way people stream music, but we are hopefully giving true music fans an enhanced experience they aren’t able to get anywhere else.”