Member Info for PensionDeficit

https://www.letsexplore.com/pages/sales

LF,

Perhaps our relationship with MS (if it still exists) is in its infancy. However, after purchasing Napster MVR may surprise us and acquire and resurect MySpace.

For the future I still think the music industry is looking for a vehicle it has a stake in that can compete with the likes of YT and FB. A good analogy would be what OntheMarket does in the UK - all share owning agents list their properties on its portal 24 hours before Rightmove. Perhaps we will move towards a format where content will initially appear via the MVR/Napster entity before being released to wider distribution channels.

Back in June 2017 MS & EVRH signed this deal - heard nothing since, although MS were recently touted as a potential bidder for TikTok

https://melodyvr.group/wp-content/uploads/2017/06/EVR-Holdings-Global-Partnership-with-Microsoft-Corporation-22-June-2017-RNS-FINAL.pdf

Hi all,

for those who have missed the Quest 2 promo ad see link below - MVR appear from 2.01.

https://www.youtube.com/watch?time_continue=121&v=r4EPMxJiJRQ&feature=emb_logo

https://www.musicbusinessworldwide.com/tidal-to-livestream-concert-series-in-partnership-with-facebooks-oculus-vr/

For shareholders introduce a reward scheme including benefits like a FREE Napster subscription or a significant discount.

If we have a global stockmarket correction in the near future please let it happen while we are suspended.

I'm assuming the Napster B2B proposition will allow MVR to sell its live content globally to corporates with associated sponsorship - indeed it could even morph in to a content store e.g. Apple App Store to provide licensed content globally.

Hoping that MVR and FB have been working on allowing friends to join each other while watching a concert - fingers croosed for the 16 Sept.

Perhaps MVR will not need to pay the $44m - MVR is backed (via options/warrants) by the music industry titans who the money is owed to. Perhaps the music labels helped force the deal? Many long term shareholders would have heard it mentioned at EVRH now MVR would wanted to become the YT of VR. Perhaps they are part of the jig saw for the music industry to regain control of their content and benefit from advertising revenue etc.

A combination of streamed live & old content + platform to sell live concerts looks like a brilliant package to me .

So around £44m is owed to record labels by Napster - I believe the biggest record labels in the world have warrants/options to purchase MVR shares. Perhaps MVR was able to use this leaverage/backing to seal the deal.

https://www.musicbusinessworldwide.com/napster-sold-to-melodyvr-in-70m-deal-including-44m-owed-to-record-labels-and-other-partners/

Two questions also come to mind:
Will the Napster acquisition provide MVR with access to markets it currently can't stream to e.g. countries in the far east?
Any share price uplift from Live Nation @ Brixton streamed concerts or John Gore will not be reflected in the share price. Alot can happen over the next few months. Hopefully, the share price will be like a coiled spring.

Pension Deficit

I hope so.

20,000 paying people at £9.99 would generate revenue of nearly £200,000 - more than MVR's revenue for 2019.

OK - this ignores LN's share. But, the potential impact this event could generate - if successful - could be huge.

Looking forward to seeing who's part of the series.

if Elon Musk has his way:

https://www.dailymail.co.uk/sciencetech/article-8541877/Elon-Musk-claims-Neuralink-brain-chip-able-stream-music-directly-peoples-brains.html

If Elon needs anybody to trial it does anybody have any suggestions?

at least we have the content to stream into the brain implanted chip.

On the Youtube link - perhaps FB/MVR & the music studios will adopt the same strategy as the UK online estate agent's portal with homes from member agents posted there first before appearing on Rightmove 24 hour later. In this case, the FB music platform will have first dibs on content before it migrates to other platforms like YouTube.

an idea - MVR should follow Sky's example and allow you to choose 'with festival noice' or 'without festival noise' mode when viewing artists. Watched a fair bit over the weekend on my mobile - In my opinion MVR are holding back on the full visual experience and the AllPally stage has been prepared for more than just Wireless. What other reason would there be for not going with a LA type facility?

If you follow the instructions and watch YT via your phone on YT TV you can use your X-Box controller to move around.

Wow things have moved on since Liam.

Give it a few more years and we will all be there as part of a part CGI/avatar crowd.

The possibilities - only scratching the service.

Lisa Verrico
Sunday June 28 2020, 12.01am, The Sunday Times

Hosted by the streaming site Melody VR, the virtual version of Wireless festival promises some of the biggest names in hip-hop and R&B in 3D, among them the British rapper Stefflon Don. As well as live sets, there will be backstage access, interviews with artists and 360-degree footage from last year’s event in Finsbury Park, London.

The article also include a colour photo of the MVR's AllyPally Wireless set - this is set to be an inconic image.

one of the partnerships I would be looking to form is with Klarna+ telcos for the launch of a global 'buy now, pay later' mobile payments facility.

Boku, Inc.

Proposed Acquisition of Fortumo Holdings Inc.

Proposed unconditional Placing to raise up to c.$25 million

Boku (AIM:BOKU), a leading global mobile payment and mobile identity company, is pleased to announce that it has conditionally agreed to acquire the entire issued and to be issued share capital of Fortumo Holdings, Inc. and its subsidiaries ("Fortumo") (the "Acquisition") in a transaction valued at a maximum enterprise value of $41 million.
The Acquisition is a significant step in Boku's global Direct Carrier Billing ("DCB") growth strategy, bringing together the two most profitable platforms in the DCB market with complementary capabilities and customer bases. The Acquisition will cement the Group's positioning as a leading mobile payment and mobile identity solutions company. Fortumo primarily focuses on providing mobile payment solutions to over 400 small-to-medium sized enterprises, but also services larger merchants including Google, Amazon and Tencent.

Fortumo is being acquired for a maximum consideration of $45 million (the "Total Maximum Consideration"), which includes Boku acquiring $4 million of net working capital. The Total Maximum Consideration comprises $37.6 million in cash along with approximately $2 million in Restricted Stock Units payable to the selling equity holders of Fortumo (the "Vendors") plus further consideration of up to approximately $5.4 million in cash, representing 12% of the Total Maximum Consideration, which is to be held in escrow subject to certain EBITDA earn-out, working capital and indemnity conditions being satisfied.

The Acquisition and associated costs will be funded by way of; (i) an unconditional placing to raise gross proceeds of up to approximately $25 million (the "Placing"); and (ii) new bank facilities of approximately $20 million.

Looks to me that:
London's AllyPally is being set up for events e.g with more than one artists.
LA is more about individual performances from solo artists and groups
NY perhaps this will be something to do with John Gore and theatre?

Hi, once the r&d for the bio-threat device is complete will Kromek be free to develop and market the device or will the project be solely owned by the funder?

A new live events destination from the makers of Second Life:

https://www.sansar.com/