RE: Japanese Deal1 Oct 2020 09:16
Having had time to reread the Arden report Nov 19, the case study of Spotify lends itself to the current strategic position of the company, Napster has brought an instant audience with the all important subscription model, the Japan deal cements a further wide audience along with the O2 deal (Telefonica), we also have to remember the postponement of the John Gore option(220 million shares), together with the 200 million shares announced for the Napster deal demonstrates MelodyVR’s aspirations to become a multifaceted platform, Spotify organically grew their audience, we are growing through partnerships, alongside partnering with the producers and artists.
Interestingly, Arden valued the company at 18p (Nov 19 report), John Gore paid 18p (for some shares), with the addition of Napster Infrastructure which allows the platform to reach a vast audience for music, VR music and VR theatre, John Gore will have a huge opportunity!! December will be extremely interesting. GLA