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I wonder how many restaurants are closing due to the pandemic? It’s sad but that’s more money for RockHouse Live.
Hipgnosis Songs Fund is actually an OTC company lead by Merck Mercuriadis, who Zach follows on Twitter so he might be the target for the $5 million investment. Who knows.
Exactly. The Wall Street has to maximize profits, and rewards a system that allows them to do so. Soundstr will obviously help artists, but the backing of large financial institutions is what we need to explode.
Plus, everything I’ve been saying about royalty investment. The KKR thing is huge.
https://www.rollingstone.com/pro/features/music-catalogs-are-selling-for-serious-cash-now-wall-street-wants-in-on-it-1113766/
Nice. I’m only up 209% lol
Man the guys selling must’ve done absolutely no DD because if they did they wouldn’t be selling right before the funding news.
The communications coordinator at iHeartMedia actually worked for Soundstr.
https://www.linkedin.com/in/kellykauffmann
I think our best bet would be a partnership with iHeartMedia
I think it all depends on how the COVID, set.fm contracts, Soundstr sales, possible mergers etc goes but it is possible.. besides a contract with a record label, another interesting thing to think about would be connections that the $3-5 million investor could bring. If they’re well-connected in the music industry they could help explode Soundstr and set.fm. All the news will talk about Soundstr and we could actually get to a dollar.
I think the value is that investors know the company won’t dilute while it’s in the growth phase bc that’s what people are most worried about. Trust is the most valuable thing here.
I emailed them right now just to say Soundstr might be of interest to them. We’ll see if they read it.
KKR (Kohlberg Kravis Roberts) is a true global investment giant, with over $230 billion (yes, billion) in assets under management.
Once upon a time, it had a material stake in the music business, until it sold its 51% holding in BMG to Bertelsmann in 2013 for approximately $1bn.
Last summer, KKR dipped its toe back into music rights by joining a $48m round in royalty-free music and content platform – and Epidemic Sound rival – Artlist.
Today, however, KKR has jumped back in the music biz in a much bigger way – announcing that it has bought a majority stake in a music catalog created by three-time Grammy winner Ryan Tedder.
https://www.musicbusinessworldwide.com/kkr-buys-majority-stake-in-ryan-tedder-catalog-marking-investment-giants-return-to-music-rights-ownership/
If Zach were just waiting for the right price for a PR this might be it.
Hopefully they could get national artists so that they could increase future users of set.fm. Having this connection through the restaurant is really valuable.
Because right now no one knows it exists. There are basically 0 ads. We have absolutely no idea what would happen if the entire music industry finds out about Soundstr.
Yeah I think as it rolls out, musicians/record labels/investors in royalty will know that it’s now an option and will start demanding that every restaurants and radio stations get them. The sales might explode if just one of the big four record labels require you to get one to play their songs.
I wonder if VNUE can sell Soundstr internationally? I’m sure they could find a company abroad to partner with if the logistics are cumbersome.
The float is 1 billion so it’s much less than 1/3. More like 3%.
If we see it go up for 4-5 days after PR we might actually see 0.10 too
Probably next week
“In May 2020, Goldman Sachs actually upgraded by 25% their previous projections of an imminent music boom. They now believe that the three core sectors (live, recordings and publishing) will double in size to $131 billion by 2030. We’d be wise to take the exactness of these numbers with a pinch of salt, but the upward trends are irreversible. The year even ended with the UK parliament conducting inquiries into the inner workings of the digital music economy. Public anger at tech greed is organising, and it’s now only a matter of time before the same scrutiny is widened to collection societies and publishers.
All these patterns bode well for musicians, songwriters, producers, managers, publicists, promoters and stage crews. What it means in real terms is that, despite venues and festivals being locked down, royalty streams are still rising, audience sizes have continued growing, labels are still releasing new material, and public opinion is consolidating favourably. Given the thousands of artists now chomping at the bit to get back on the road, given the millions of people suffering from chronic cabin fever, we can be confident that once vaccines are rolled out, the world is going to dance and sing on a scale not seen since 1945.”
https://journalofmusic.com/focus/2021-music-boom-coming
We might see big changes tomorrow just looking at the chart. Otherwise hopefully the funding’s ready soon.
Yeah it sure looks like the next wave is coming soon..
We’re still up 17% since the lowest point yesterday. Let’s keep this up!
This just shows how the big players are all trying to move to digitalization and transparency. What they need is Soundstr to be adopted by radio/restaurants so that the whole process can be digitalized.
https://www.lexology.com/library/detail.aspx?g=a14a37db-559d-44cf-995e-c072b1d3d90f
The numbers following the ST board increased from 90s last week to 281 today. People are interested, they just need to stop waiting on the sideline and realize it’s only gonna go up.
Maybe if it merged with Spotify or something?
NASDAQ and DOW will tank tomorrow because of the election. Money’s flowing into small caps so I think we should be fine.
It’s probably enough to keep the price from going down until the real PR comes.
Zach wants to keep the momentum alive before his funding PR. It’s close!
Didn’t you just say you sold all your shares?
Very strategically timed PR at 3:53PM lol
We’re moving back up! Next stop at 2 cents.
Right now is the only chance you got to get in sub penny before we take off! Get in before it’s too late folks.
Someone REALLY wants the price to go down selling at the last minute.
The market cap is bigger than what it was previously.. I think the stock might’ve got diluted today.
I highly doubt it’ll ever be below a penny tbh. I think we’ll pass 0.02 tomorrow.
“Starting today, The MLC will officially begin administering this new blanket license established by the MMA. Services operating under the blanket license will be required to send monthly usage reports and mechanical royalty payments to The MLC. The MLC will then match the usage activity to the appropriate musical works owners using the data in The MLC's new musical works database, and distribute the royalties it has received to music publishers, musical works administrators and self-administered songwriters, composers and lyricists. The MLC anticipates sending out its first royalty payments and statements in April of 2021.”
https://www.google.com/amp/s/www.broadwayworld.com/amp/c.php%3furl=The-Mechanical-Licensing-Collective-Begins-Full-Operations-As-Envisioned-By-The-Music-Modernization-Act-Of-2018-20210102
Reading up on progress with PRM (Pro Music Rights) that’s partnered with VNUE, has 7+% of the market, and is going to require Soundstr for their constituents. Apparently they’re going public soon and are winning lawsuits too. It’ll be interesting to see their growth.
https://www.digitalmusicnews.com/2020/10/23/pro-music-rights-settles-connoisseur-media/
PRO Music Rights Is Preparing a Spotify-Style Direct Public Offering — No Investment Banks Needed
https://www.digitalmusicnews.com/2020/12/30/pro-music-rights-public-offering/