Member Info for AlbertPode

'Covid or no Covid the income should be there.'
Offler, have look at LN's revenue for 2019, and then 2020. From $11.5b to $1.8b. A drop of 85 per cent.

But Napster wasn't part of Melody in 2020. At least, not until 29 December.

The figures will represent the first six months since Napster's integration, but obviously not within the new app.
So we are at a sort of halfway house.
2020 was all about Covid and little else. And that goes for everyone.
Although Melody did get the LG gig on just before Christmas.

Hi Mel, Deadc.

I think it is safe to assume there is something positive (which we don't know about just yet.) The abundance of blue since the middle of last week is telling us that. In fact since the ask has dropped to 1.7p, a 500k buy has dwarfed all the sells.

I wouldn't worry overmuch about N & G either. Given they are privy to more info than we are, the fact they hold 364 million shares speaks for itself. I think they may stick at that. Just IMO.

This seems like a bit of everything.

I would like to think the good run since last Wednesday could be down to favourable H1 numbers 'in the air.'

Today's 'correction' could be a couple of things IMO.
Maybe N & G are planning a final tranche, in which case they would want the SP lower. Although if they follow their pattern, they purchased in February, April, June, and August, so October would be their next 'destination'. Certainly if they bought now, they would be paying a lot more than they did last time, which hasn't been their strategy.

Then of course, we are still not rid of the traders. Inevitably there has been some selling into the spike. IMO.

You don't have to post personal stuff. Just something that promotes live streaming by Universe.com (?)
Remember you originally stated that they are 'now partnered' with LN (although the latter acquired them about five years ago).
And in your rather pompous post to KoK on Tuesday - 'now partnered with Universe who stream live events'
A bit of tidying up to do, or do we just pass you off as 'Trollspeak'.

Sorry about what?
And if your post was deleted, it had nothing to do with me

Still no links then?

You just don't seem to have a clue.
Are you saying there is no difference between partnering a company and owning them (in this case since 2016)?
They are LN's ticketing arm.
If you think Universe.com are busy streaming events, put up a few links and let's have a look.

Just admit it.
You haven't done your research, and you got it wrong.

Offler
LN are not 'now partnered' with Universe.com. They acquired them back in 2016.

Universe.com are part of Ticketmaster, so they sell tickets - obviously.

This would be the same Universe.com who were involved with Melody and their gigs in November/December last year, namely Dua Lipa, The Blossoms, and Liam Gallagher.......... Really !

There is no reason not to expect it to be ready near end-Q4. With some heavy-duty PR needed for lift-off, and a private session similar to LG last year. AM has stated a liking for doing these.

Though IMO, the launch should also be accompanied by a venue list of live gigs ready to go in the new year. Event organisers should be working on their 2022 calendars now.

But Cunir
That strategy is unlikely to work for too much longer.
Spot don't make money anyway, despite paying a pittance. IMO there may be trouble ahead for them.

Artists including Taylor Swift and Ed Sheeran have long since been campaigning on behalf of artists, and now the songwriters are wanting a cut of the deal.
Parliament's DCMS committee are currently looking into all this. It is all heading for a shake up.

Spot ate Napster's lunch in c2003 when the latter fell foul of copyright laws. They stepped in and picked up the spoils.
But maybe they've had things too much their own way for too long.
If the new app takes that much longer in order to encompass 'royalties' then so be it. AM stated in his last interview the intention is to compensate artists fairly, by giving good value. In all, a shake -up involving artists, songwriters, music companies et al.

Yeah, and late in the day the 'Ask' went 1.40p > 1.35p following another series of buys.
Most interesting.

Food not good Offler ?
Don't eat it then !
LOL

Hi Italian.
As we have said before, but it still doesn't sink in with some - it was a bit difficult Melody taking advantage of Covid when nearly everything was cancelled because of it.

That said, just look at what they did do:-
Free-to-fan gigs in the pop-ups
GMA 2019
Wireless 2019
Wireless Connect 2020 - A VR only gig in beta which went without a glitch. (I love comparing this to the Glasto/Dri(i)ft debacle earlier this year).
Then at the end of last year the monetised ones - The Kaisers, LG.

IMO Melody may prefer to go the way of 'one- artist' concerts in smaller venues - say 250-1000.
Less carbon footprints, easier to manage, and potentially far more lucrative. A highly exclusive gig for the select few is likely to create a clamour for VR tickets, which reflects Melody's original idea for creating the business in the first place.

And this is before the new app. There's no point in PRing it until nearer launch. Potential users have nothing to hook on to while it is still a work-in-progress.

Investors have already 'jumped in' long ago. The important thing is, none have sold.
You can't just dismiss N & G, especially since they are our largest holders. They have now bought four tranches of shares, each being larger and cheaper than the one before. I can't think of a better word for it than 'manipulatiion.' But if they are filling their boots who are we to complain? It's not as if they are intending to sell them at a loss.

As for the MelodyVR immersive part of the business, we have every right to blame Covid. It has set us back eighteen months (and counting). We had a USP but it gave the hordes the chance to come out of the woodwork and eat our lunch. (though if the competition is the standard of Driift's, then bring it on).
And who has benefitted? There is no sense to the argument that Covid gave Melody the opportunity to make hay. The sun wasn't shining. Any impromptu gig needs some sort of planning. Ask Glasto/Driift.
Finally take a look at LN's numbers. £11.5b turnover in 2019. $1.8b in 2020. 85 per cent down. If they took a hit, what chance were the rest of us going to have ??

So Offler.
You've not heard of N & G then, who have been buying all this year, and are now our largest shareholders ??

Absolutely Curo.
Monday 19 July highlighted this perfectly. A 20 per cent drop when there had been busy two-way trade all day - not a sea of red.

And N & G continue to cast their influence.

Horses
If you look at the Q & A link that Highland posted last Friday, you will see that some shareholders may be invited to take part in the beta testing.
In any event it WILL be tested before it is let loose on potential users, much like everything else the company do. Any glitches will be got rid of. And they will make adjustments in line with their feedback.
We're not Dri(i)ft, after all !

It depends what you mean by the 'the long term'. Three to five years is not unusual and N & G have only been here since February i.e. six months.
I only use these figures as an example, but why double your money in 6 months when there is a chance of (e.g.) 5-bagging in 12 months?
Take a look at N & G, Equitory, what they do, and in particular what they are doing here.