It is not a 5 year wait Horsey10 Apr 2021 23:50
Should the new super App be launched in Q4 2021 then any improvement in the financial position of the company will not materialise until the interim financial report in September 2022
Between now and then
June 2021 - results to end 2020 (no Napster contribution)
September 2021 - Interims, presumably with some Napster contribution, but as they have made no changes to the Napster proposition these will (if reported in an identifiable way) only serve as a baseline for the future, which may be useful as they may answer the question as to whether Napster's income can fund the merged entity and guide in respect of any ongoing funding requirement.
June 2022 - Finals to end 2021, full year of baseline Napster contribution and presumeably minimal MVR contribution. The new App, if launched probably won't come in time to show much of a contribution to these numbers
September 2022 - Interims with contribution from the revamped App and the revamped Napster/MVR proposition, it will probably be a bit of a D Day for the share price.
So, only 18 months, or so, until a financial signpost and not just promises, sorry news, are available.