Member Info for maxdba

8.91%
Davis Capital Partners, LLC 183,607,310 £6.4m 0% 0.75%
7.52%
Anthony Matchett 155,149,463 £5.4m -7.91% no data
5.83%
John Gore 120,108,152 £4.2m 4.34% no data
5.7%
Steven Han**** 117,550,803 £4.1m -10.19% no data
5.43%
BennBridge Ltd 111,930,826 £3.9m 73.22% 0.85%
3.78%
Global Frontier Investments, LLC 77,905,485 £2.7m 0% 3.79%
3.42%
Ross Creek Capital Management 70,445,828 £2.5m 0% no data
3.33%
Invesco Ltd. 68,750,000 £2.4m 0% no data
3.05%
Jarvis Securities plc, Asset Management Arm 62,952,042 £2.2m 8.05% 0.17%
2.93%
Barclays Bank PLC, Wealth and Investment Management Division 60,490,926 £2.1m 1.23% 0.03%
2.35%
HBOS Investment Fund Managers Limited 48,372,124 £1.7m 8.18% 0.02%
2.11%
Mark Newton 43,551,776 £1.5m 0% no data
1.46%
Seven Canyons Advisors, LLC 30,000,000 £1.1m 0% 0.87%
1.22%
A J Bell Holdings Limited, Asset Management Arm 25,194,059 £881.8k 22.17% 0.02%
1.1%
IG Group Holdings Plc, Asset Management Arm 22,755,117 £796.4k 0.57% 0.14%
0.89%
Union Bancaire Privee Asset Management LLC 18,265,686 £639.3k 0% 0.07%
0.83%
M. D. Barnard & Co. Ltd., Asset Management Arm 17,097,236 £598.4k 67.03% 2.09%
0.74%
Equiniti Group Limited, Asset Management Arm 15,230,273 £533.1k 14.78% 0.01%
0.69%
Canaccord Genuity Wealth (International) Limited 14,244,307 £498.6k -19.99% 0.01%
0.56%
HSBC Global Asset Management (UK) Limited 11,554,372 £404.4k -6.39% no data
0.5%
T. Rowe Price Group, Inc. 10,363,620 £362.7k -16.83% no data
0.44%
Schroder Investment Management Limited 8,982,103 £314.4k 174.01% no data
0.43%
Hargreave Hale Limited, Asset Management Arm 8,850,000 £309.8k -50.14% 0.01%
0.42%
Lockwood Advisors, Inc. 8,679,598 £303.8k 16.84% 0.01%
0.37%
Goldman Sachs Group, Investment Banking and Securities Investments 7,577,332 £265.2k 649.74% no data

Just tried out Zengah's calculator and got £500B

Interestingly the article in The Sun on 7th October at;

https://www.thesun.co.uk/news/12867881/govt-buys-million-diy-covid-tests-results-20-mins/

Says that the test is 98.6% accurate in detecting antibodies and 100% accurate if it is negative.

98.6% is a better number if it is right.

The Grandian appears not to have done much research

https://www.theguardian.com/world/2020/oct/06/uk-government-to-buy-1m-antibody-tests-despite-accuracy-concerns

Whereas The Daily Mail have got the numbers right, as long as you don't mind the rounding down

https://www.dailymail.co.uk/news/article-8811725/UK-buys-million-DIY-coronavirus-antibody-tests-produce-results-just-20-MINUTES.html

65m people and probably several tests each until you see some antibodies
Then multiple tests to see if you still have them
Maybe 1 billion tests required !

Sorry Lordy, I had my teenage hat on, so I copied and pasted without editing to get it right !!

Try these;
Jaws Sound Track
https://www.youtube.com/watch?v=R3WwcsjWPIQ

Benny Hill Show Theme
https://www.youtube.com/watch?v=MK6TXMsvgQg

A bit off the wall, but these links show some interesting use of VR

McGurk effect BBC Horizon
https://www.youtube.com/watch?v=2k8fHR9jKVM

Jaws Sound Track
https://www.youtube.com/watch?v=2k8fHR9jKVM

Benny Hill Show Theme
https://www.youtube.com/watch?v=2k8fHR9jKVM

Facebook Oculus, your friendly VR partner, or perhaps not
https://uploadvr.com/bigscreen-ceo-facebook-vr-tax

Albert - I don't think we will ever know the details of the debt schedule, what I am sure of is that Melody would have talked to the creditors to see what could be done, and creditors, as ever, would be very nice, listen attentively, then extract their pound of flesh. Not speaking from any kind of experience here you understand !!!

I would suggest that the creditors have been consulted and an "agreement", or re-scheduling of the debt has been reached, much like a CVA, otherwise why would you say it was "manageable" when the business that incurred the debt clearly wasn't able to manage it.

Selling out to Melody and re-scheduling the debt was maybe the only way for Rhapsody/Napster to survive.

The thing that is surprising is that Napsster add 24,000 tracks per month to their library

Where do all these 'new' tracks come from ?

Don't forget that, not so long ago, the BoD convinced John Gore that the Market Cap was worth £220

Add in Napster and you would have to think that the BoD would now consider the valuation to be north of £300M

In 2019, music streaming service Napster generated 106.3 million U.S. dollars in revenue. Media company Real Networks, which holds an 84 percent stake in Napster (formerly known as Rhapsody), also noted that Napster's annual operating expenses amounted to 25.8 million U.S. dollars in 2019, and 26.1 million dollars worth of Napster's annual revenue for that year was generated in the final quarter.

https://www.statista.com/statistics/1100594/napster-revenue-worldwide/#:~:text=Napster's%20global%20revenue%202011%2D2019&text=In%202019%2C%20music%20streaming%20service,million%20U.S.%20dollars%20in%20revenue.

Maybe Telefonica, but why not Verizon
This is all about the USA market

Some stats on Spotify and its user base

https://kommandotech.com/statistics/spotify-user-statistics/

ORLM - Who do think are the target demographic for subscription based music services with occasional pay per view live events ?

Rumboy - I saw the same "Albatross" comments on those boards, but I also saw many more who thought Napster was their cash cow.

Something to think about.
If MVR had been partnered with Facebook and distributed their video streams through Oculus Venues then Facebook would take 50% of the revenue.
For several years this was the expectation that this is what the business would be, and I never saw a post that was unhappy with the prospect.
Now the business owns its own streaming capability, is going to have the best part of 3 million people to throw it at.
Many of those 3 million people will pay, or continue to pay $6 to $7 monthly, plus one off payments for per view events
There will be no 50% payment to Facebook

Is this not a good situation
Is this not worth more than the £70M market cap at suspension

KoK
MVR have bought themselves direct access to 2.5 million Napster subscribers
If you add on whatever subscriber MVR have accrued for themselves then is it unreasonable to suggest that with a little push that they could easily be up at 3M subscribers by this time next year

What is the value of a music streaming service with 3 million subscribers ?
A good question, but you also have to;
Add on the VR angle and its attendant advertising
Add on the live shows angle and their advertising

Is it too unrealistic to expect nett returns after licensing fees of $50M p.a. going into the combined company's coffers ?
Obviously they would spend it on growth, so no dividend, but if they get there, it does make the worries about the $44M debt seem inconsequential.

No market cap information that I can find, but there is this;

In the first quarter of 2020, music streaming service Napster generated 26.3 million U.S. dollars in subscription services revenue, up by almost two million dollars from the figure recorded at the beginning of 2019.