Fundamentals6 Jul 2020 09:36
Fundamentals
All social media can be engineered and downloads are certainly no different. The charts are regularly updated and we can expect a correction beyond the current spike, but an iOS music app position of eight, based on only 363 user ratings does not appear entirely organic and requires scrutiny. By way of comparison, Drum Pad Machine’s app currently at number seven, has > 45k user ratings.
Beyond the hyperbole of Wireless 2020 - last year’s ‘unreconstructed Wireless festival’ revenues were captured in the accounts for year ended 31.12.2019, and these make for sobering reading: Total revenues for the year decreased by 83% to £195k and net loss increased 33% to £15m. When normal service at festivals is resumed, one wonders whether it would not be more lucrative if MelodyVR’s team simply flipped burgers?
Finally, MelodyVR’s long standing relationship with John Gore’s organisation has thus far failed to produce any meaningful content, but what content will be made available? By way of an example, one really cannot imagine JG wanting to release, and lose control of a promising new musical which would cannibalise revenues from a potentially long Broadway run - this leaves us with end of run or historic shows (interested to hear the thoughts of others on this).
All the best old loves,
- The_Modeller