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I just don’t understand what happened to the 600 and odd shows, live ticketed gigs, launch on PSVR etc etc.
I just don’t understand though why they didn’t do all this months and months ago.
Maybe read the writing on the wall... To my mind what’s going to happen is that they’ll launch the viewer, launch on Amazon as part of prime subscription or separate subscription and launch broadway shows. For me it’s the only way they’ll gain global traction before going bust unless they sell the company.
If there is a Brexit extension, parliamentarians will pass another law forcing another referendum I reckon before the end of January. This would be well documented and therefore the EU would grant the extension. If the referendum result was remain, article 50 would be revoked and we’d have a general election. I think the result would be split 3 ways, Brexit Party, Labour and Conservatives. And it will carry on for years.
For instance it says “We are available in full Virtual Reality on our Oculus app”. How many people I wonder then go to the apple App Store on their mobile and download the Oculus app? Then it goes on to talk about “our full VR app” and there is a VR drone full HD app in the Apple App Store, I wonder how many people have downloaded that? All very confusing...
Personally I think the Melody VR app could be vastly improved. It’s very confusing and doesn’t look professional in my opinion. Are people really going to know what an Oculus app is or an Oculus Go. I know how it all works but after reading the Help and FAQs I’m left extremely bewildered.
There’s a big push every six months, May 18 Go launch, Dec 18 Liam gig, July 19 app launch and wireless. I expect Dec 19 Broadway show, May 20 new Oculus device launch and so on. If you buy a company you can’t buy the money in the bank. Maybe they’re maximising the potential through minimum spend to facilitate a juicy buyout in another 4 years.
The game changer would be an Apple AR/VR headset. I reckon that’s a couple of years away from launch though. Results should be out soon... in the next few weeks.
With Spotify the millions of songs already existed, millions of recorded VR concerts don’t exist. You can’t compare the business model.
At a rate of 2 additions every couple of months they could be up to 250 shows in eight years from now. I would imagine all the licenses will have expired by then. With no deal Brexit possibly looming this could cause major issues for the whole music industry etc etc etc. I noticed the Oculus icon popped up in my Facebook account yesterday...
Based on a 40 hour week, the cash is/was disappearing at ten thousand pounds per hour. To get that back you’d have to sell roughly two hundred and thirty ten pound shows every hour of every day for a year. If you had a million people with access to the shows they’d all have to buy two shows each. Four things spring to mind getting the message out there, access to the shows, produce more shows and have special offers. What’s ten thousand pounds per hour being spent on?
They need Prince Charles visiting or David Beckham. Elon Musk has said they are going to start streaming Netflix and YouTube to Tesla cars while the car is stationary and when it’s driving itself. I think sooner or later VR headsets will be a standard feature in cars. Would MelodyVR have to sell sixty thousand ten pound shows per week to become profitable? Roughly 3 million ten pound shows per annum? What I still don’t understand is why there is such a lack of new shows per month.
Kaiser Chiefs, Wet Wet Wet + many more
They advertised a job few months ago 12 month contract, deal with Facebook 9 months, results were as a going concern. I don’t understand why all the gigs available on the Oculus app are not on the mobile app?
Apparently they worked with hundreds of artists and supposedly have hundreds of recorded shows etc? Where are they? We got the impression they were launching on PlayStation and it hasn’t happened. Festival season is here but where is the line-up? Where is the launch on the Oculus device? It looks like the cash burn will be about 20 million for the last 12 months at that rate I reckon they’ve got about 12 months left. Unless something radical happens soon I personally doubt it will ever be a profitable company. You can’t compare to Spotify because the music already existed whereas millions of concerts recorded in VR don’t. Things of substance seem to be happening far too slowly.
Great write-up. Did they mention the elusive Oculus device? I guess that will be 5G. What happened to the 600 gig back catalogue?
I need to try apple mirroring through my Apple TV box see if that works.
I don’t know how much wireless you watched but when it went live each day you could pick your own jump spots, later on each evening they were picked for you, the buttons didn’t respond. I watched on iPhone X. To me it seemed like they were testing both options. Whether they’ll add an automated jump spot selection button in future is anyone’s guess. I do find it a bit mind blowing that they can broadcast like that, MVR need to take this a step further and let people cast the 360 live broadcast to their TV.
Facebook! Though Amazon will rule the future. Games Workshop and Shopify have had a good run but I’d be careful you’ve got Brexit, Iran and China trade dispute ongoing and USA elections campaign. Sit tight and buy wisely.