Member Info for HenryRearden

https://www.birminghammail.co.uk/news/showbiz-tv/gary-barlow-ronan-keating-now-17952511
https://www.smoothradio.com/artists/robbie-williams/karaoke-video-coronavirus-instagram-live/
https://www.youtube.com/watch?v=YMBK9OfsKO4

- EVR is going for placement which will account for 16.11% at a price of 3.75p (the final number of new shares still can be changed)
- AM and SH are selling about 10% of their stakes each at a price of 3.75p (again, the number of shares is not the final number), they won't be able to sell any shares in the next 12 months. Simon Cole will exercise an option for 4.6m at a price of 1.1p and sell 1.2m shares
- there will be set up a trust which will hold and shares which given to EVR employees as a reward when some business goal is reached (good for staff motivation)
- a new guy -- Grant Dollens -- enters the board. Seems that he will manage the employee's trust and help with finances (replaces Andy Brown who left recently?). He wants to participate in placement and already holds 2.3% (some though a dependent company)
- did I forget anything?

Discussion: who will buy new shares? Why there is placement in the US/$? for JG?

https://www.marketscreener.com/business-leaders/William-Dollens-062B1W-E/biography/

https://apply.workable.com/melodyvr/?lng=en

https://www.thewrap.com/quibi-raise-750-million/

I tihnk that Quibi's and Melody's plans are aligned in a sense that both startups are going to offer mobile content, in particular short videos. While Quibi will have series and TV shows, Melody will have unique songs, interviews with musicians, etc. Quibi has raised $1.75B in total. Is $70M is a fair valuation for Melody?

Why is there a 127.5k sell? Any ideas?

Getting back to an informative discussion,
4 days ago - Senior Marketing Manager
https://apply.workable.com/melodyvr/j/97F307C1CA/

It seems that Melody is going to improve marketing.

https://crebaco.org/images/whitepaper/CEEK_Virtual%20Reality%20TGE%20White%20Paper.pdf

Bluport thrown away not only our shares on that date. Looks like they were transferring assets between companies for some reason
https://www.investegate.co.uk/wandisco-plc--wand-/rns/holding-s--in-company/201905100939226705Y/

BTW, Quibi is also looking for telco partners
https://twitter.com/TheStreamable/status/1214975765818724352

I am sure telco companies want as much content as possible to attract customers to 5G. While Quibi may compete with Melody for customer time, Melody already has the platform running and all the agreements with the record labels. In contrast, Quibi app has not even been launched yet. If telco companies want Quibi, it is highly likely that they want Melody as well. Moreover, I would say that music content is much simpler to consume than a movie as a customer does not need to follow the plot. Patience.

This article about the new streaming service Quibi is inspirational. Thank you, Mel.
https://www.theverge.com/2020/1/8/21056315/quibi-ces-2020-launch-meg-whitman-jeffrey-katzenberg-turnstyle-technology-shows-preview

In brief, the founders of Quibi claim that there is a need for professionally filmed short videos for watching on phones (not on a TV!) and they are going to release an app which will provide 12 hours of videos per month in exchange for $5 monthly payment. According to the founders, currently, there is no "good" content suitable for "fast consumption" on phones: movies are filmed to be watched on a TV while a majority of videos on YouTube are not professionally filmed and lack celebrities.

I agree with Mel, Quibi is an endorsement that MelodyVR has taken the right direction. MelodyVR can start recording short unique musical videos or (informal) interviews with celebrities (as it has been previously done with Capaldi).

Also, an interesting point in the article is a comment of one of the founders about how to launch the service: "Quibi runs on instinct, judgement, and experience about what we launch, how we launch it, how many shows we launch, [and] the publishing schedule. Hollywood stuff." This proves that the way how the platform is launched is very important for the further success of the platform. This explains why Melody is cautious with releasing all its content.

At the end of the days, content is the king. Let's hope our content is the king of kings ;).

JG spent $1m at the SP 15.3p when the real SP is 5.2p; in return, he got an option to buy 3.1% of the company for $9m (values are calculated at the current dollar-to-pound exchange rate of 1.31). This can be seen as a purchase of shares (at the current market SP) and a purchase of the option. The cost of the option is ($1m * (15.3 - 5.2)/15.3) = $0.66m. Currently 3.1% of the company costs ($95.6m * 0.031) = $2.96m. As a result, JG paid one fifth of the current price of the asset to be able to buy the asset for a price three times more than the current price. I would say JG is very confident that Melody will grow. Thoughts?

https://wp.nyu.edu/immersiveaudiogroup/

Next partnership
https://vroneus.myshopify.com
All speculation, of course.

https://www.roadtovr.com/synth-riders-quest-pc-vr-launch/

https://tbtech.co/huawei-streams-vr-8k-on-ultra-high-speed-5g/
https://twitter.com/ft/status/1179517127922991109?lang=en-gb

I think the reason for not advertising the O2 deal on the IOS app is that Apple and Facebook are direct competitors in this (emerging) market. It is good that we have a partnership with both companies. Sticking with only one company can be risky.

I think we migth get a partnership with a game development company soon. Adding ability to participate in a music performance can make a big difference and change the way how people consume live music. The company specialising in imersive technologies is already a part of MelodyVR
https://uk.linkedin.com/in/bendawson

Would be good to see something like Rock Band VR but without the need for buying addtional hardware (proposed hand tracking on Quest can help here)
https://www.theverge.com/2017/3/23/15026932/rock-band-vr-review-oculus-rift
https://twitter.com/ID_AA_Carmack/status/1127323080404152320

Immersive concerts can easily be the VR's killer app.

It could be that the option is there for JG to get a larger part of the company if he wants that. Imagine that JG wants to by another stake -- let's say 5% -- of the company and none of the major shareholders who has 4% wants to sell to him. Obviously, JG can buy on the market. But his desire to buy can push SP up a lot. So, the option is just an insurance that JG will be able to buy at most for 16p. I agree with the Italian that there is nothing bad if this insurance is not used.

Despite the fact that profits have been pushed back a few years in the report, it seems that EVR is forecasted to achieve profitability without raising funds. That being said, I would expect cash injection from JG and/or recording labels by exercising issued options but no new placement, which is a positive signal.