Member Info for mel5

https://www.broadwayworld.com/bwwmusic/article/Burna-Boy-to-Perform-Live-From-London-20201105

GLA

Napster strategy

Streaming music services and B2B platform. The only major provider of both Platform as a Service (PaaS) and white label products dedicated to music and audio
• Successful pivot to B2B strategy
• 20+ leading global platform & distribution partners
• Industry analysts forecast global music streaming growth through 2030
• Subscribers: 185 million today to 850 million+ *
• Revenue: $6 billion today to $20-$25 billion per year*
• PaaS opportunity is significant, with an addressable market that we expect will exceed $1 billion over the next 3-5 years.
*According to Goldman Sachs, GS Music in the Air Series (August 28, 2017)

Plenty of scope to expand!! IMO

Hi Carvegyber,
From the current financial status my understanding was Carnival had sufficient funds to last until Spring 2021, has something changed? IMO

Pre-orders of the Oculus Quest 2 was 5 times higher than the Oculus Quest, looks as though VR is moving on from ‘Early Adopter’ stage to mainstream.

GLA

https://www.google.com/amp/s/www.roadtovr.com/facebook-oculus-quest-pre-orders-5-times-higher/amp/

You right LF, the landscape has changed, fortunately MelodyVR was ahead, we may have invested prematurely, however it appears we could be in the right place at the right time!! GLA

With a ticket range of £10 - £50 I would imagine the audience will be personally interacting with the artists and Frank Carter will be addressing them via the main screens, should be very interesting, definitely creative, just like an audience is with the BBC ‘a night with’ this will be the start for many LN releases. IMO

Fantastic amount of information being researched, great reading! Thanks ! GLA

End of November was the intended deadline to re-enter the market. GLA

Hi PD, for such a fledgling company, MVR has acquired partnerships and experienced people within a short timeline, the strategy benefits the Music / Entertainment industry, they have stated clearly they want to be the honest broker, also Napster is one of the better paying platforms.
MVR-Napster is a platform in its own right with technology and infrastructure, if the industry wanted a Trojan horse my opinion is this would be a good bet! IMO GLA

Hi Puddin1006,
It would be interesting to understand your reasoning for such a comment Puddin1006, as an investor I carry out research on my investments, as others on this board I publish my findings and provide an opinion, an attempt to insinuate anything else is not my purpose, time will tell if my assumptions are correct! As for attention seeking, perhaps a closer look into your our posts would answer the question of ‘attention seeking’, it would be good to have an informed opinion from yourself regarding this share and not a ridiculed opinion of someone else’s work, have a nice morning. GLA

Watch this space!! All will be revealed!! GLA

Hi Jeppers23, another interesting view of the Napster v Spotify, it’s interesting that some of the comments made about Napster have been addressed by MelodyVR due to the influence of Ex Spotify employees working for MVR-Napster, obviously I’m biased towards MVR-Napster, but it does point to the guidance of the Music industry have indeed provided MVR-Napster with excellent advice. IMO GLA

Thank you Highland, Two really interesting reads, the strategy adopted by MVR-Napster has been rolled out with precision, after reading both articles it does lend the question, ‘is MVR-Napster’ the missing link for ‘Spotify’ to compete against’Google & Apple? MVR-Napster have their own platform and products which is something Spotify doesn’t own. It has always been my view the Music/Entertainment has been behind EVRH-MelodyVR-MVR-Napster producing a strategic partnership that would benefit all, but reading the two articles another ‘reverse takeover’ of Spotify would instantly make the company a significant platform. Exciting times ahead!! IMO GLA

It’s frustrating being onlookers, however I have confidence the investors and advisers alongside the Music/Entertainment industry advisers are still maintaining their over strategy, I still can’t identify a fundamental flaw in the strategy, we all know AM & SH are being guided, with the Napster deal nearly concluded we are about to see a New company launched! IMO

Hi Iofas,
The move to operate from the Seattle Offices and the fact we are being bought up buy US investors does indicate we could be moving to a US listing in the future, should the company become a US Entity, AM comments would have significant relevance!! IMO

It has always been an aspiration of AM & SH to make a global company, several years ago AM stated MelodyVR would be a $1 Billion company if it was a US company, with the Napster influence perhaps the next big step!!
IMO GLA

Having looked again at the RNS, for a fledgling company there are quite a few positives, it’s not easy developing a new company in a developing industry especially with the Music / Entertainment industry trying to survive:

£28m Raised in 6 months
(1 million JOHN GORE)
1 Million Subscribers (34 countries)
Music library of 80 million tracks
VR library 1000 experiences
100,000 Google Play Category
Increased Staff Levels

New Media
“Live music and VR experiences available across multiple devices including smartphones, tablets, smart TV's, consoles and VR devices, in addition to audio only offerings for in-car and connected home devices such as Sonos and Amazon Echo”

New revenue stream
The intention to retail merchandise alongside digital event tickets, such as clothing products, vinyl records and other show/artist related paraphernalia is expected to provide new monetisation and engagement opportunities.

IMO GLA

Hi KL,
Fundraising will be essential going forward taking this company to the next level, this is where Arden’s brokers note will need to attract the market to see the future of the ‘New company’ as our main partnerships and shareholders are located in the US I can see the company driven by new directors In the Seattle office, the AIM environment has served its purpose! I believe the next 12 - 18 months will see this company evolve beyond recognition, the global industry will bounce back with “a Fair and Equal platform” for the Music Industry being central with Live Nation being a part.
We also need to remember that John Gore is still a shareholder with influence with an option to be a large shareholder!! IMO GLA

The financials would be disappointing if the company was trying to make a living out of the experiences being sold, however to my knowledge we are invested in a developing company in a developing industry, this company is controlled by the Music / Entertainment Industry, the strategy is to build a ‘Branded Platform’, the reverse takeover being part of the platform, we have the confidence of our major investors and partnerships, we have a vehicle to produce a revenue, making MVR-Napster into a recognised brand will take time, should the company of done more during COVID-19 to raise its profile, perhaps not, as they are in the middle of probably the most important deal in the companies existence! There has already been approval by the large shareholders for the ‘reverse takeover’ with £44m of debt the long term strategy must be achievable and agreed by our partnerships, the Arden’s approach to the market makers and target price is the most important factors. IMO GLA

Hi BrownAdder, to clarify, I mean gross profit not revenue, as turnover should be a lot higher but with all the setting up costs and the promotional expense we will be making a loss, with the subscription model and Napster business producing ‘bread and butter’ income we should move into a positive position. GLA