Member Info for MB10

Lol, well spotted, its just the 100% they have :-)

Worth reading to see the impact that streaming revenue had for blackpink.
https://www.kedglobal.com/newsView/ked202105140008. Blackpink label YG delivers Q1 earnings surprise; 90% above market consensus

Seems that some don’t understand the concept of streaming on here (especially tintin who make Marvin the paranoid android look cheerful) or it’s significance. This is the new way to reach more than those who attend the festival and the pre and post festival events.

The festival can be live-streamed across the world (for a fee of course) or may be streamed on demand (like Netflix). Looking at previous concerts the price of that is likely to be in the region of £30. They can have pre festival previews with all the KPOP acts as well as virtual meet and greet events. Recent monsta x events in the USA had those sold out at a cost of £199.00.

Note that a blackpink event that was only 45 mins long netted the band more than £10 million.

The 7 KPOP acts have more than 70 million social Merida followers and the majority of those are outside Korea. They can’t all come to the festival, even if they stick in a 2nd night. So streaming scales up the income generation very considerably. LVCG have 10% of the broadcast and streaming rights, so even if they operated a model where they took a £10 slice, that scales up the revenue very considerably.

Some people really have a problem for every solution. Marvin the paranoid android is a raging optimist in comparison.

Lol, ETX don’t “get” another 11m shares at 5p, they have to pay money to the company at 5p a share to exercise that warrant. As to placings in general, all companies and not just AIM companies have them, it’s why they are listed in the first place. The history of placings here in the first couple of years was for growth, for example the placing to buy Brightbricks for circa £9 million was for growth of the business. Yes some of these placings were to keep the company alive because it was smashed by covid, but loads of companies out there raised far more money and diluted even more than LVCG over this period, have a look at the airlines, or cruise lines for starters. But equally Its also true that some of the placings in this period were for growth too. Take the placing 13 months ago to buy LCSE, which although it was a pain at the time, it’s now paying off with the formula e 10 year contract kicking in for 2023 plus the other things like the cycling or the Volvo ocean race. And although the placing was done when the price was low, lvcg did pick up the assets on the cheap. Same with the recent placing, yes a pain, but it’s primary purpose was to pay the organising fees for the kpopfest and accelerate that growth to more events. That one might pay off quicker than many are thinking.

Its worse than the travel agent in the Truman show. “It can happen to you” “lightening really does strike the same place twice”. ETX are holding onto their shares from the placing. Given they have more access to the financials that you do tintin, seems they are holding them, probably for IIs in the future as I ventured earlier. Even if they planned to sell them, it will only take an inflow of circa £300k to shift them. There have been days with greater volume than that in the recent past.

Monacor will have seen the detailed projections for KPOP in particular, so it could be that they are going to hold on to their stake now and use it to entice some more institutions to invest as that’s a good chunk to transfer in an off market deal?

At the investor presentation in Dec they stated they had 1800 bricklive tour days at an average of £1,000 a day booked at that stage.

Bricklive touring is still making rentals, with Bradford city centre having a bricklive trail from 5 to 13 March.

https://bradfordbid.co.uk/bricklive-animal-paradise-trail/

In addition they have the following tours taking place in the period up to the end of April
Bricklive Houston
bricklive Chicago
Naples Zoo supersize
Singapore Zoo Brickosaurs
Stadtzentrum, Schenefeld, Germany
Cardiff BID, UK
York Castle Museum, UK
Marwell Zoo Brickosaurs2 (starts 1April)

With 28 tours of various sizes, Bricklive tours can generate a revenue of circa £4/5 m, enough to break even at group level. Before covid smashed the business they were at the point of breakeven on bricklive alone, since then they have added the new divisions and cut overheads considerably plus those overheads are spread over more businesses. Those new businesses look as though they are already profitable , which is good going in just over 12 months.

The market is pricing this to fail, but my own conservative calculations put them into actual profit this year which let’s face it would be incredible for any AIM company never mind one smashed by covid, and if they bring back bricklive shows, and land more KPOP night or dates or if the streaming really takes off at KPOP, this will really surprise a few, especially as they events they are landing are not just “one offs” but 5 and 10 year recurring deals, which is almost unheard of in the events world.

Great research John, two things stick out, its the start of a 5 year growth plan and clear statements on increasing the kpopflex festival on the 14 May.

To the joy of the sold-out premiere, Peter Kötting mixes confidence: "Together with our partners in South Korea and England, we are now thinking about how we can offer something to the many fans who would also like to see their stars live in Frankfurt and to whom we can now no longer offer tickets."

Peter Kötting concludes, "We are pursuing a five-year plan to make K-Pop even more popular in Europe - the start in Frankfurt am Main makes us very confident in this regard."

I’m sure that LVCG are discussing streaming (for which they have 100% of the rights) because they said they were making good progress discussing this with world renowned partners.

However the language in the tweet is specific in asking people not to buy tickets for the event and to wait. We already know that they are seeing “unprecedented demand” and if you think about it those who are prepared to pay big markups on tickets want to go to the event not view it in a live stream (they will probably purchase a recording of the festival afterwards meaning there will be revenue generation after the festival too) so whatever solution they have in mind has to involve fans seeing their idols. IMO it’s more likely a 2nd night.

LVCG have already said that this single events will generate a significant revenue and on a podcast we have already heard a big hint that this would be an 8 digit number (and that will be without the streaming because that’s hard to predict). A 2nd night would scale that up very considerably.

“Our conversations with world renown partners for merchandising and streaming are progressing well and look forward to updating shareholders in due course once these agreements have been completed.”

https://twitter.com/kpop_flex/status/1489682843257262087?s=21
Hi everyone! We're working hard on a solution for fans who missed out on KPOP.FLEX tickets. For now, please try to avoid buying tickets second hand - we're aware of a few scammers trying to sell fake tickets to the event. We'll have an update soon. Please be safe ??

Germany beginning to loosen restrictions

https://bulinews.com/news/11380/bundesliga-fan-scene-updates-germanys-loosened-restrictions When the German Bundesliga returns on February 4th, so too will significant numbers of live spectators at German footballing venues.

Sold out. Profitable. And that’s just off of one of their revenue streams. Apparently it was profitable after 40% of tickets were sold. Being sold out will really attract the sponsors and merchandise sellers.

The 100% of the broadcast and streaming rights are the thing that will scale this up as the 7 acts ahve more than 60 million social media followers around the world. Listen to the last podcast and they are planning streaming events before the festival. Previous streaming events for acts like monsta x where they ran “virtual meet and greet” streams for $199 each were sold out in the USA.

And I’m expecting more KPOP events for 2022 as that’s what a previous RNS said they were looking at. This has shown the demand.

Proactive interview confirmed that the KPOPflex automatic option for year 2 onwards was for the whole weekend. Twice as much revenue :-)

With formulae E and the Volvo ocean race in 2023 that’s already going to be a big tick up in revenue, with signs that even more kpopfest locations will be added.

Market has priced this to fail, so the turnaround here is going to be enormous.

Tickets for KPOP.FLEX are now SOLD OUT! If you missed out on getting a ticket, don't worry... we're working on a solution!

https://twitter.com/kpop_flex/status/1488891772214419459?s=21

Covid restrictions in France being lifted this month. That’s going to happen all across Europe. Just reinforces that the kpopfest in May will go ahead.

https://www.politico.eu/article/france-to-lift-covid-19-restrictions-in-february/

Worth listening to the proactive interview today.

Sold out. Profitable. 45,000 tickets sold. Planning for a Fan fest zone, sounds like even more opportunities for revenue off this event. The streaming has multiple delivery partners interested and they are looking at vignettes so those can be streamed and sold and not just the festival being streamed. That streaming revenue, which KPE has 100% of the rights to, is going to be even more significant than even I think.

Bricklive events to return, bricklive tours selling sell. Formula E updates. Its all happening.

https://twitter.com/proactive_uk/status/1488847680638009345?s=21

Brickosaurs opened in Germany yesterday.

https://www.shz.de/lokales/schenefelder-tageblatt/Steinchen-Dinosaurier-erobern-das-Stadtzentrum-Schenefeld-id35131817.html

In addition the following revenue generating events are on this month
Singapore Zoo
Naples zoo
Bricklive Houston
Bricklive Chicago

Then there is a cycling event in early March
Plus the Formula E management retainer (paid monthly)
Before Marwell Brickosaurs opens on 1 April

Then KPOP on 14 May

“I’m fed up the share price is not rising so decided to troll my own share” said absolutely nobody (ever in the history of LSE)

KPOP is going to be a substantial revenue stream this year. They are expanding the concept (2nd night) and replicating it in other parts of the world (note the plural).

“The KPOP.FLEX festival represents a potentially substantial income stream for LVCG in 2022 and the opportunity to replicate it in other parts of the world. Revenue from ticket sales to date has exceeded expectations. To provide funding for the KPOP-FLEX as well as the expansion of the concept “