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I just called it a "pr" because that's probably the closest thing that we'll get to actually having one until we get the one saying that we're going to start charging a monthly fee for the music player. Lololol!
JMHO
Lololol! Now you know that putting out pr's is against TLM's religion. Lololol!
They WILL make it a pay site. All of them are going to do it. Napster already did. Right now, you've probably got a bunch of them justifiably nervous about making the move.
You know- "You go first!" "No YOU go first!" "I'm not going first, I've only got 800,000 users." "How about them? They've got a couple million users, they should go first!" "Yeah, they should go first! Let's wait for them to move then we'll start charging too." "No, we're not going first! We'd lose more than half our users! We're waiting for someone else to go first!"
Napster lost a horde of users to the free sites but they kept enough of their base to make huge profits and continue growing.
The most practical thing to do is for the others to have a sit down and agree on how they're ALL going to simultaneously start charging a monthly fee for their services. This will pretty much eliminate the sudden loss of clientele when one or the other starts charging.
Maybe they've already done it and are planning to lower the boom within the next few weeks/months.
All I know is that when they do, Hypster is going to have monster profits for the forseeable future because it's one of the best sites out there right now. It's not just a music player, it's a full service social networking site WITH it's own music player. That in itself will pull a lot of new users away from the competition when we start charging.
JMHO
Thanks zeener. People are looking at this thing in the way things "have been" as opposed to how they "will be".
If I told you 30 years ago that the majority of people in the country would be PAYING for drinking water, you'd have laughed at me.
Things change in industry and they're going to change here.
Advertising revenues are going to be secondary to user numbers.
Napster took the lead and opened the door. The others- INCLUDING HYPSTER are going to follow and start making millions per month.
That's where I'm coming from and that's where we're going.
Buckle up and hang on for the ride...
JMHO
Well what do you know? A PR! Lololol! Looks like the cat is coming outta' the bag! One poster said that they were wishing for some action here. They got their wish yesterday and they might get a lot more today.
Matt always said that once this thing started getting some volume that the PPS would pick up. Let's see if we can't prove him right.
I still say that $30,000,000 for this company would be a steal because it'll be able to make more than that in annual revenues within the next couple of years.
The industry is going to start charging for these music players and any company with a user base of more than 1M is going to be able to make millions per month.
Some smaller companies will merge or be bought out but all will follow Napster's lead and start charging a monthly fee for service and that's the value of having a position in this industry with a large user base.
If you check my posts over the past couple of weeks, you'll see where I'm coming from and why I feel certain that this company has the potential for millions in monthly revenues.
Lololol! We sit for months with little to no action, then on the day we trade nearly 108 million shares and now you want to rock the boat with a hostile takeover?
Lololol! Come on JP. Let's see where this new action takes us in the next couple of weeks. If it goes dead again, then you can take over the company. Deal?
Until then, let's just play it cool. Lolololol!
Who knows? The person with all the secret contacts says he's outta here.
Close to 108 million in volume out of the blue.
Maybe TLM's got something cooking!!!
DK. Somebody suggested to me that the MMs are buying it all. Guess they're happy with their Hypster playlists. Lolololol!
Stay tuned for further developments...
Yeah. I saw it. I believe it too.
Well, 107M+ in volume is a start!
Ok, does 77,000,000 make you feel any better?
Someone's got an opinion. Your free-spending MMs have got us up to roughly 42M in volume already today and the ask is at .0002. Let's see how this continues to develop...
Yeah, I forgot. The MMs are buying it all for their inventories. Lololol!
What's your guess at a pps when this thing starts making $2M a month FoggDogg?
Keep your eyes on the prize!! 10M Monday. 20M Today...
Things might start to liven up around here before long.
You'll have to ask TLM about the details. I'm just giving my opinion.
You're absolutely right but with Napster already charging $5.00, no one with more than 1M users is going to want to charge only 50 cents. When this change takes place, there's not going to be anywhere for people to turn in order to get music on demand. You may have some "price war" type things initially but nobody's going to permanently drop to .50 for any long time basis while the others are getting between two and five dollars monthly.
This is a move that's going to come and the companies that already have large user bases are going to clean up.
Sometime in the not too distant future these all these guys are going to have a major sitdown and iron out the details of how they're all going to start charging the public for on demand music simultaneously. Prices may be different, but they're going to be roughly similar rates. This will allow the majority of companies to keep from losing their users.
IMO, what they should ALL be doing is pushing those hi-def stereo systems for computers. Once the "computer stereo" has replaced the home stereo, those people are LOCKED IN. Their playlists are intact and they have a financial investment in using this system of music. It's easier, more convenient and offers more than traditional methods and those people aren't going to go back to listening to hours of bs that they don't want to hear on cd's and radio. Not even satellite radio can offer you the ability to listen to ONLY your favorites for hours on end.
Things are slow now but this change IS going to happen and those who have a position in this industry are going to make a killing.
JMHO
If this stock starts making $2,000,000+ monthly, they're going to be reporting to somebody! Lolololol!
When this company starts raking it in, it's not going to be the BUNM that you now know and love. Lolol! There are going to be big differences. Try to look it it from that perspective.
Can't agree with you on that Book. You don't like baseball so you don't know the extreme characters within. You see it from only a superficial viewpoint. Baseball is only boring when you don't understand pitching. College wrestling is "boring" if you don't understand wrestling. MMA is "brutal" by those who don't understand it. Soccer is "boring" for most Americans, Hockey is "boring" for someone who doesn't know the rules and can't understand the game. On and on. One thing these "boring" sports all have in common... They ALL have millions of fans and make billions of dollars each year. They all have appeal. They just need to be understood or maybe "tried out" by their critics.
This publicized lack of sponsors for little league is exactly what we need and something we could use to get our product in the hands of these kids.
I think someone from the team should be looking for an angle to get in to this market and scattered, charitable donations of a pallet of water and a cooler with our guppy logos are inexpensive, great advertising, tax deductable, great pr, and could possibly open the door for another big donation of the same during the Little League World Series.
If you've been making these donations all over the country anyway, it'd already be assumed that your company was in support of little league baseball. When you "donated" enough guppy water to supply all the teams in the LLWS, it wouldn't be seen as a shock to anyone and you wouldn't be looked at as being opportunistic. You'd receive world wide coverage because the LLWS takes teams from around the world.
What would it take to pull this off? Probably delivery of a pallet in each state along with the coolers then maybe 10 pallets total & 1 cooler to each team in the
LLWS. It doesn't matter what po-dunk town you deliver to. Just so long as you deliver one to every state.
No state feels "left out" and you can say that you supplied water to "little leaguers" in all 50 states.
It's the perception of being "pro little league" that you want, then when you make this surprise donation to the LLWS, it comes as no surprise and you get 30 million in free worldwide advertising for the cost of 10 pallets and 20 plastic coolers that you're going to write off as charitable donations anyway.
There's a big opportunity here to be exploited. I hope BW and the team are on it.
It's nothing secret or anything like that. Only FD has those secret insider contacts. Lolol.
The information is in my posts over the past couple of weekends. It's just like this. Short and sweet.
Ask yourself a question...
What do you think would happen if 6 months from now, EVERY online music service (Including Hypster) imposed a monthly service charge of between $2-$5 like Napster does?
If you check my posts for the past couple of weeks, you'll see my perspectives on this soon to come scenario. The light may begin to shine for you.
It shined for someone today. 10M shares got sucked up. Lolol!
Little by little. Lolol! Probably FoggDogg adding to his position. Lololol!
Matt, that's what I've been trying to say for the past couple of weekends. They're going to get the money without losing the customers because EVERYBODY is going to be charging for the service. This "free" crap is just to build the user base and get people addicted to using the service and getting their music this way.
I don't have PM but man, I wish I could chat with you for a few minutes. I think you'd start to see the light at the end of the tunnel too and it's not going to take 5 million users or a buyout for this thing to pay off. In fact, TLM would probably be robbing himself if he took $30,000,000 for this company because soon, that will be less than a year's revenue.
If you ever get the inkling, I'm ken_rn69@yahoo.com or hotmail.com
Oh, no doubt. BUNM is a good thing. TLM is content with the way things are going. He's probably got a nice income and doesn't have to do much to get it. He knows that in a short time the income that he's getting now annually is going to be hundreds of times greater each month. All he has to do is wait until it's standard practice to charge for music on demand.
Looking at it from what might be TLM's perspective-
He built it, he's reaping the fruits of his labors. He's making money now. Why break his neck and spend tons of money trying to boost this thing in the short term when it's almost sure to make tens of millions every year for him just as it is?
Yes, he's making that money with the assistance of the shareholders who contributed to his endeavor and in a perfect world, he should consider the shareholders. But obviously they aren't on his mind. If those shareholders hold, they'll reap the rewards of their investments after the sure to come industry change. If they don't, they'll miss out. Either way, TLM wins. It's our decision whether or not we want to win through his initial efforts or lose out by acting with emotion rather than reason. By acting out of dislike for TLM or out of respect for what BUNM will soon become. A CASH COW.
Lolol! Me too.
Well Matt, I can't say that I can see one thing to disagree with you about. TLM has blown almost every opportunity he's had to promote Hypster after the ad revenues started coming in.
Incidentally, it was FoggDogg that "nailed it" when he said that TLM is using the $$ to live on and go out on the town. LOLOLOLOL! Gotta laugh whenever I think about his crazy @$$!
We've both been holding this for a really long time. I know it's been at least 3 years for me. I'm not sure if it's been 4 yet. Possibly. Last night I was talking to a friend about something that happened back in 1992 and I can't believe that that was actually 17 years ago. I feel exactly as you do.
Time has flown but none of us are having fun with this stock.
All that I can say about it is that I doubt seriously that we're going to stay here. Not because of anything that TLM is going to do to promote the stock, but by what I'm almost certain is going to happen in the industry of on demand music.
When these changes take effect, this company is going to reap BIG profits not because of prs, hype or new investors but because they're in the right business at the right place at the right time with over a million users.
If you haven't already, read my posts over the past couple of weekends and see if you don't agree that we're in a good position to make a killing when these industry changes take effect.
TLM built the company and is basically on cruise control at this point. When the others in the industry decide to follow Napster's lead, (AND THEY WILL) watch and see what happens.
JMHO
Yeah, you're saying that in light of the current pps and the long wait that we've endured under the reign of "Tight Lipped Mike".
I've made some posts over the past 2 weekends regarding a change that I see coming in the industry. One company who has already made the change is Napster. I use them for reference.
Napster started charging subscription fees for their services even though there are lots of companies like Hypster who offer basically the same thing (Hypster even offers more in some aspects) FOR FREE.
Charging for something that others are giving away for free is a difficult sell for ANYBODY. Right?
This is one of the reasons why our own economy is collapsing.
It's difficult to compete with slave labor when you have to pay your workers.
Well that hasn't stopped Napster from turning tidy profits. They're looking at 760,000 subscribers and their pps is $2.63.
In the not too distant future there won't be any free music services. Everyone will be charging for this. By that time we should be well over 2M users. I think when TLM follows suit and starts charging for the music player, you'll want a little more than a penny for your shares. Lolol!
Have patience and be ready to ride the winds of change...
JMHO
That's the value that I place on those 2 particular blocks of my shares. It'll take time but sooner or later I think I'm going to get it. I have time and I have patience. I know what the industry is going to do. The writing is on the wall...
JMHO
Yeah, you've got a point. It does seem pretty stupid to be down here for all this time but keep in mind that it definately won't be forever.
Like I said in my post yesterday. The people in this industry are going to charge for this service. It's already beginning.
Check out the link to "Free Napster" in my previous post then tell me if it's "free".
Napster is probably the oldest and most established of these groups so they obviously felt that they were big enough in the industry to begin charging for their basic service. They don't seem to have folded in all this time.
"In the first quarter of fiscal 2009, Napster is forecasting revenue to range from $30 million to $31 million. “We are also targeting relatively flat operating expenses, losses, earnings per share and cash flow," says Napster interim chief financial officer Suzanne M. Colvin.
Napster credits its stronger financial performance to more balanced and effective new business development. Napster, which expects its worldwide subscriber base to reach approximately 760,000 this fiscal year, says the foundation for future growth will come from mobile commerce and expansion overseas."
$31M with only 760,000 subscribers. The only reason that they have so few subscribers at this point is because there are so many free services for them to compete with. This is going to change before long.
TLM is probably waiting for 1 or 2 things to happen before he starts charging.
1-Hypster's userbase continues to swell to the point where although he may lose a significant portion of users to still-existing free services, he can still make tremendous profits with the users who don't want to switch.
2-The rest of the players in the industry start charging fees and he follows suit. In this way, he'll probably keep the vast majority of his users and continue to gain new ones.
Anyone who doesn't think that ALL music services aren't going to follow suit eventually are living in a dream world. This was probably the intention of the entire industry from the start.
We're IN. We've got a significant piece of the market already and gaining more every day. I'm not pumping this stock. I'm just reading the writing on the wall. I don't like the current pps any more than anyone else on this board but I know that it won't be here forever. Things are changing in our favor. We just need the patience and the vision to see where things are going and what impact the industry changes will be having on our pps in the not too distant future.
In the meantime I take my 2-3 minutes a day to send my 3 million e-mails out and tell the world how much I love Hypster, then I forget about it. If I want to see the real value of this stock, I don't look at the pps. I look at the number of users and how it's growing each day.
I remember that a significant portion of those users will soon be PAYING for the service that they're now receiving for free. It's just a matter of time...
JMHO
Let's hope BW takes a little time on his Sunday to read this board. Lolol.
"Pee Wee to Pro" is a good slogan for this type of campaign. He'd better take that one and copyright it before it gets grabbed.
Thanks. And remember, "Donations" like these have the added benefit of good PR and tax deductions. It'd be like free advertising.
Yeah, no doubt. I think we can still make the most out of Dan Hardy if someone would keep passing him bottles of Pirahana Water during fights and during post fight interviews. Fighting makes you thirsty and you're likely to take a swig of ice cold Pirahana water if you've got a bucket of it in your corner between rounds and if it's in your hand while you're giving an interivew. I'm sure that Nike kept Michael Jordan stocked full of sneakers during his career. A case of Pirahana Water and a big bucket with our logo on 2 sides would do wonders in his corner. Probably be more effective than the bandana or the shorts.
Little league is a GREAT idea. If we can get a nice jump on this market, we'll have our water in millions of hands before you know it. We'd have an explosion. If you have a cooler full at the game, kids will drink it until it's gone then ask mom to buy more after they get home. This is something with an incredible potential but it may not be in production until after little league season is over.
I wonder what it would be like if BW supplied all the Guppy Water during the Little League World Series? Can't you just see the big cooler with the Guppy Water Logos sitting in each dugout and all those thirsty kids with bottles of our water in their hands? With maybe 5-10 pallets of guppy water and an investment in 20-30 coolers with our logo, we could probably get 30M worth of advertising.
I hope BW is on top of his game with this.
But then, why stop at baseball? We're not looking at a big investment here. Why not donate the same thing to all kids sports championships?
We'd take off like a rocket!
JMHO
Like most reasonable investors I see both good and bad.
I'm not exited. I'm excited about what I'm seeing but that doesn't mean that I'm blinded to the loss of potential exposure that we would have had if DH was wearing a bandana with a big Pirahna Water logo over his face pre-fight.
Why does it have to be an "either/or" situation here?
I don't care much for variant's "all negative" postings either but right is right. He's right here and that's all there is to it.
I second that. Haven't watched the fight yet but I hope someone had the presence of mind to hand him a bottle of our water to drink during the post fight interview.
The good thing about BUNM is that we don't really have to depend on TLM to do much more than he's already been doing. He built the infrastructure and now Hypster's got 1.1+ Million users and is growing by over 2400 new users daily. Those numbers are nothing to sneeze at.
He built it, and they have come. IMO, they're going to continue to come. This growth is sustained and slowly increasing.
When TLM saw a problem that might affect his "night on the town money", he filed the appropriate forms and fixed the problem. No, he didn't initially share that with us until FoggDogg made some inquiries from his secret insider contacts and we then found out what he was doing. He didn't just let Hypster fade out. He kept it rolling.
It's evident that TLM wants to keep going out on the town (Lol. Fogg), so it's reasonable to assume that he'll keep Hypster going for the forseeable future. Even though TLM isn't spending loads of money turning Hypster into 2009's premier music service, IT'S STILL GAINING VALUE FROM ALL THE NEW USERS.
Provided that nothing stupid happens in the meantime, somewhere along the line you can bet that some big player is going to want to capitalize on the 2-5 million Hypster users.
Even if this scenario doesn't come to fruition, the company is still going to have huge revenues because the movement to start charging for online music has already begun. Not just to download tha songs- "pay per subscription". Check out "Free Napster". http://free.napster.com/
The first thing you see on "Free" Napster is their $5 monthly fee staring you in the face! Lololol!
They were free at one time but like all similar businesses, they built up their client base over time and when they knew they had a significant number of them hooked, they stuck it to them. Despite all the truly "free" competition, Napster's still around and probably making more than all the other services combined.
Why? Because they already had a strong user base and though they probably lost a lot of outraged clients to other services after they started charging for their music players, many people are willing to save themselves the inconvenience of finding a new service by simply paying the $5 a month and keeping their music lists and their source for new music intact. People are generally lazy in this way and if the price is something that people look at as nominal, the laziness will win out over the outrage.
I can't wait to see TLM's financials after he starts collecting his $2-$5 a month from all his subscribers. Sure, he'll lose some but he'll retain a lot just like Free Napster. If, by the time he starts charging, all the others are doing the same, he probably won't even lose much of his user base. Remember that Hypster is more than just a music player. It's a full social networking site WITH it's own music player.
IMO, all these music companies will start charging for their music players. By the time everyone's doing it, we should be well over 2M users.
I know I'm beating a dead horse and I can empathize with the feelings of a lot of the shareholders here. We're sitting here with the appearance of being dead in the water for a looooooooooonnnng time.
I've been here a lot longer than most and I'd love to have seen this investment paying off before now but in order to get the big pay off, we've got to wait for the industry changes to occur and the writing is all over the wall that these changes will occur.
The first phase is being implemented. People are becoming hooked on "music at your fingertips". Once they're hooked and totally dependent on this type of access for music, they're NOT going to go back to buying cds at the music store. When was the last time any of you used a pay phone?
I'm going to give my non-expert opinion regarding this investment. All opinions are just that. MY opinion.
Would I suggest BUNM as a short term play?
No. It's going to take another year before we're at 2M users and in a position to start charging fees for the music player.
Does the CEO appear to care about the shareholders or pps?
Nope. Doesn't seem to give a rat's @$$ about either.
Is his apparent apathy hurting BUNM's potential to make money?
In the short term, yes. If he took greater iniiative to make shareholders happy, he'd have more of them. The cash infusion from investors could go into advertising, promotion and solidifying BUNM as a strong and growing company.
In the long term, no. Hypster is gaining value every day.
Does the CEO appear to care about growing the business?
Don't know. TLM has made some significant changes to Hypster and it is now a full social networking website with it's own music player. He hasn't done much with it since making those changes but this hasn't stopped sustained user growth of more than 2400+ users daily.
Why do I see this as a stock worth holding?
TLM has built a company up from basically nothing. At one point we had just a few thousand users and were happy to get a couple of hundred new users daily.
We now have over 1.1 MILLION users and we are gaining more than 2400 new users DAILY. We're already on the map and probably on a lot of people's radar for a potential buyout opportunity. This kind of growth cannot be ignored.
We have a REAL product that's IN DEMAND. It's in demand now and will be in demand in the future. The demand for music isn't going anywhere.
In the not too distant future people will have to pay for this service. It happened with water, it happened with television, it's happening with radio (i.e. satellite radio) and it's going to happen with music on demand. The writing is all over the wall.
Do I think TLM is going to do something stupid that will screw the shareholders like r/s?
I don't know but I think he's got more to lose than to gain.
As I mentioned above, right now Hypster is ALREADY a player in this business.
It's a household name in at least 1.1 million homes already isn't it? With over 1M users and growing, I'd say that qualifies it for "Player" status.
They have big name advertising and TLM is already making money.
He has a business that is probably low to moderate overhead that basically runs on auto pilot. He doesn't have to get out of bed every morning and flip burgers or break rocks with a maul.
He probably is making enough to pay his bills and go for a night on the town at least 2-3 times per week. Lololol!!
Add to this the fact that TLM knows as well as anyone that the music on demand industry is going to start charging for the basic service which will mean MILLIONS in MONTHLY revenues for the company he's built and all he has to do is maintain the status quo and wait for all the players in the industry to follow "Free Napster's" lead. AND THEY WILL.
Now with all that in mind, if you were TLM would you F**k that up to make a few hundred thousand with a r/s? Or would you just patiently wait another couple of years or so when everyone's paying for music and watch your millions start rolling in every month for life? At that point, I don't think that when TLM files his financials, the pps will be at .0001
No, at this phase in the game it's not very exciting but who says that we have to sit here and watch the paint dry. There's no law that says you have to babysit a stock once you buy it. Forget about it and play something else if you crave action and excitement.
Those of us who wait around for the change will be glad we had the patience and foresight to wait.
JMHO
That's what I want for those particular shares. I'll just wait till they either have those values or no value at all.
I don't waste time nor sleep worrying about this stock. In the time it will take me to write this post, I'll send out the daily e-mails. As for sending out more e-mails to other companies trying to convince them to buy BUNM, that's TLM's job. He probably isn't worried about it and it's better for me if I don't worry about it either.
BUNM is going to do what it's going to do. TLM is making money with it and somewhere along the line, I believe I will too. If not, oh well.
Hypster's value is growing daily. Before you know it, it'll sell itself. It's just best to forget about it now.
"if I REALLY felt that something bad was going to happen, I'd put in a market sell order and wait for a few months for it to get filled. It's that simple."
Might as well get comfortable. You've got a little while longer.
Thanx Salt. I just take a "wait & see" approach to this stock because getting all bent out of shape, bashing TLM, complaining about the lack of action, complaining about the low pps, worrying about who's going to take Hypster down, etc. isn't helping anything. I feel the same way as a lot of people but I don't let myself get all upset about it and start spinning my wheels.
I don't know what's going to happen with BUNM but if I REALLY felt that something bad was going to happen, I'd put in a market sell order and wait for a few months for it to get filled. It's that simple.
Someone bought 30M shares a few weeks ago. People are buying and selling this stock. It's pretty slow and a lot of time goes by without trading but if one really wanted out, they could get out.
Personally, I've got some sell orders in. One for .137 and one for .14 GTC. Lololol! I'll just wait until they fill or I hear that BUNM no longer exists. The money has been waiting there for the past 3 years and I haven't missed any meals.
If TLM announces a 30M:1 r/s and this investment goes down the tubes, I'll be disappointed and I'll say "I gambled and lost." Won't be the first nor the last time for me. As far as I'm concerned, the money I invested has already been spent.
All I know is that despite the pps, Hypster is gaining more and more value every day and just like the potential exists to lose everything, the potential exists to gain big time and that's why I'll be in until it does one thing or the other.
Did we really have tons of sales?
That'd be some pretty good news.
The opinion has grown on this board that Tight Lipped Mike is a scoundrel, a ruthless villain, etc. but the objective evidence is that he has a business that has over 1 million users and growing. It has a product that is in demand. He makes moves and doesn't keep his shareholders informed. He doesn't appear to care about the pps of the stock.
A few months ago, BMI music took all of their artists' music from Hypster. For some reason all of the other music is still there.
Are we to assume that those artists and music labels are just "being nice" and letting "Tight Lipped Mike" make his fortunes gratis?
Isn't it a little more logical to assume that he's probably paying royalties/licensing fees and is going about his business or the whole site would have been shut down by now.
Incidentally, the "charge for music" movement is already started.
Remember Napster? Well, it's called "Free Napster" now but the first thing you see when you go to their site is "$5" for your subscription.
http://free.napster.com/subscribe/
Like I said before, this isn't anything new in business. It's the 6 month discount you get with your cable or telephone service. Get you accustomed and dependent on the service then stick it to the customer. Soon, all of the services will be doing the same thing. When you have a giant who wants to eliminate the smaller competition, they buy out or otherwise merge. Sometimes you have smaller companies who merge together to become giants.
I don't know what TLM has up his sleeve. All I know is that Hypster has over 1.1 million users and continues to gain new users every day. Through those new users, value is being added to the company.
My mortgage money isn't tied up in my BUNM investment.
I'm going to hang around till it either blows up or tanks completely and that's all there is to it. It's got go one way or the other sooner or later. I'll be around to see it.
If it tanks and BUNM goes out of business, I'm no worse off than I am now. I haven't used the money I invested in over 3 years. It's not going to make much difference now whether I ever use it.
If it blows up via buyout, merger, increased earnings or whatever, I'll enjoy the fruits of my investment. I don't spend a lot of time worrying about BUNM. I'll just be around whenever it does what it does. End of story.
That was my understanding too. It's also my understanding that they get paid when their music is used online, however this doesn't stop them from being greedy and trying to get more.
http://articles.latimes.com/2007/may/21/business/fi-radio21
I would imagine that all of those music services including Hypster are paying royalties or they would be shut down quick. There have been several lawsuits already that artists have won regarding the use of their music without the payment of royalties. One record label took all of their artists' music from Hypster a few months ago. I suppose they didn't get paid or didn't get paid what they wanted. The others are still there.
If the big boys start charging, they'll make a bundle and if they want to eliminate the competition, as long as Tight Lipped Mike/Hypster is on the up & up (which he appears to be, otherwise Hypster would have probably been shut down already.)
they'd probably do what most business giants do when they want to eliminate smaller competition. Buy him out.
This guy's already got a MILLION users and growing. Would it be more profitable to destroy Hypster and scatter the users to multiple different companies as opposed to work with him to gain that huge and growing userbase?
There are always 2 ways to look at something. I can't say which way it'll go but I know for sure that I'll be there when it happens. End of story.