Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thank you, Embers. However, it seems that it is somebody's estimation based on the revenue but not the exact number. The exact number can be found in AD on page 21
https://melodyvr.group/wp-content/uploads/2020/12/Admission-Document.pdf
D2C subscribers - 404K on 30 June 2020
People here often say that Napster has 3m subscribers. This is wrong. Where did you find that? I think Admission Document clearly says that the number of subscribers is just 400K... Could you please give a link to your source?
https://www.theverge.com/2021/1/8/22220223/sony-360-degree-audio-video-speakers-software
https://www.engadget.com/sony-360-reality-audio-ces-2021-130027671.html
Guess who is helping them?
https://www.hiresaudio.online/napster-prepares-to-launch-sonys-360-reality-audio/
Expect an RNS about it soon
"It suggests that on Sonos’s range of speakers, its own-brand streaming service is more popular than at least two of the big four (Spotify, Apple Music, Amazon Music, YouTube Music) DSPs."
Sounds like a good result to me.
https://musically.com/2021/01/14/sonos-radio-is-the-third-most-streamed-service-on-its-devices/
https://www.digitalmusicnews.com/2021/01/13/tidal-2019-earnings-report/
https://www.macrumors.com/2021/01/06/apple-glasses-prototyping-report/
Why Simon Cole waited until December to go ahead with his sell? In March, when MVR(at that time EVRH) indicated that he would sell, the SP was around 4p (and later, in summer, it was even >5p) which is higher than the price he got in December. As a result, he had to sell more shares (apparently to get the sum a taxman is asking for)!
The only answer I see is that the Directors expected the SP to be higher in December. The question is then: what limits the SP now? Some shareholders are selling? What do you think?
Bloomberg says that "Tidal has struggled to keep up with Spotify"...
Grant Dollens just put 748K of HIS OWN money into MVR.
"Grant founded Global Frontier Investments, LLC a long-term oriented global equities fund, in 2010, and serves as its portfolio manager. Previously Grant was an investment analyst and member of the investment committee for Ayer Capital, a long/short equity healthcare fund, where he was focused on medical devices, diagnostics, healthcareservices, biotechnology and pharmaceutical investments. Prior to Ayer, Grant was an associate in the healthcare group at BA Venture Partners (now Scale Ventures) where he sourced, evaluated and invested in private medical device, biotechnology, specialty pharmaceutical and healthcare service companies. Before BA Venture Partners, Grant was an investment banking analyst in corporate finance at Deutsche Bank Alex. Brown focused on the technology sector.
Grant received his MBA from the Kellogg School of Management at Northwestern University, with majors in Analytical Finance, Management & Strategy, and Accounting. He received his B.S. in Biomedical Engineering from Duke University. Grant is a member of the Board of Visitors at the Pratt School of Engineering at Duke University."
I guess he knows what he is doing...
Fireworks, guys. Now, we just need a confirmation of the Napster deal and 2020 is done!
https://www.facebook.com/TechAtFacebook/videos/314246876499173/
https://news.yahoo.com/broadway-goes-virtual-amid-covid-210800862.html
That's a pity it is not us...
I think SP will be kept low until completion of the Napster deal. I guess MVR will postpone RNS about LG gig until a date before the completion. Hopefully, the numbers are encouraging and SP will grow. I also hope MVR have prepared something (another RNS) in order not to give Glaser more shares than he deserves.
The title supposed to be
Wolf's demagoguery: can you make a point? (like this: MVR BoD claims that ... but they are wrong because ...)
WolfWallstreet, in my opinion, you, like GeordieShores, try to generalize too much and miss the point. Obviously, everybody can do VR shows. But the key thing here is NOBODY ACTUALLY DOING GOOD-QUALITY (VR) SHOWS NOW. If it turns out that VR shows are a good promo product for the (core) streaming service and help to increase the number of paid customers for a particular music genre. This is the strategy. Napster is already profitable but it needs marketing/promo to stop customers churn. It is not about directly competing with Youtube, Spotify, or Apple at all, nobody from BoD or people here claims that. It is just trying to get a little number of (probably new) customers.
Regarding the 250k salaries, I don't see why this is wrong. I might be wrong though. Could you please point to a similar type of tech startup in a developed country where directors get less?
Regarding further placements, it is actually the most worrying thing here as 1) the placement will happen earlier next year but 2) I don't expect any good (development) news from MVR until then. The good things are that 1) 50% of shares are now in hands of rich people who have access to the cash, and 2) they entered at 3.5-3.75p, so I don't expect the price to go down this level much -- I believe in their negotiation skills ;).
Napster won't boom instantly when VR is added but its cost likely will gradually grow as the number of customers increases from the current levels.
GeoridieShores, yes, we do need a lot of customers to pay for the content but we don't need to sign up the whole county -- just those who want that content. I believe with modern marketing strategies (employing AI and based on user data) a passionate user group can be built much cheaper than it was earlier. Mark Mulligan, thinks the same:
https://youtu.be/7GqLcHiHjvY?t=852
BTW, I recommend watching this talk in full.
https://www.technoairlines.com/lexi/what-happens-to-the-money-people-spend-on-live-music-but-cant-spend-anymore-because-of-the-pandemic
Look at the chart