MelodyVR posts £10.5m operating loss for first half of 2020
Virtual reality startup (and future Napster owner) MelodyVR published its half-yearly results this morning. The company generated just £189.9k of revenues in the first six months of 2020. Royalties and content creation...
October 30, 2020
MelodyVR raises $15.3m to help fund Napster acquisition
Yesterday we reported on MelodyVR's planned acquisition of streaming service Napster for $26.3m in cash and stock, and wondered why the company was describing it as a $70m deal. A separate announcement from Napster's majority...
August 26, 2020
Music VR startup MelodyVR announces plan to merge with Napster
Music-focused virtual reality startup MelodyVR has announced plans to merge with streaming service Napster. To be clear: MelodyVR is the buyer, although the Napster brand will live on. "Under the terms of the Merger Agreement,...
August 25, 2020
MelodyVR and Live Nation set for Brixton Academy livestreams
We reported last week on VR music startup MelodyVR's financial performance in 2019 – £195k of revenues but a net loss of nearly £15m. The company is continuing to explore new partnerships to grow its business, though,...
July 8, 2020
MelodyVR’s 2019: £195k of revenues and a £15m net loss
Virtual reality music startup MelodyVR has published its financial results for 2019. The company's revenues were £195k ($242k) last year, down from £1.2m in 2018. MelodyVR's content sales – people paying to watch...
July 1, 2020
Startups explain the lessons they learned working with the music industry
In the Music & Tech Springboard series of videos we've produced with the BPI, we've heard from collecting societies, lawyers, advisors, accelerators and incubators, and labels about their advice for music/tech startups. But...
May 27, 2020
Get set for Wireless Connect and Electric Blockaloo virtual festivals
Livestreams are all the rage in 2020, but the related 'virtual concerts' category is seeing some activity too. Travis Scott's performances in Fortnite, which attracted 27.7 million people in total, are the obvious example,...
May 22, 2020
Artists and tech firms explore livestream possibilities
We’re all very well aware now of the ease with which artists can sit in their homes, performing for and chatting to fans via Instagram, YouTube, Facebook, Twitch or various other livestreaming platforms. They can raise...
May 15, 2020
MelodyVR is raising $12m by selling more shares
We reported last week on virtual-reality music startup MelodyVR’s postponement of its planned expansion to Latin America and Asia Pacific, due to the coronavirus pandemic. However, the company’s growth hopes...
March 23, 2020
MelodyVR postpones expansion to Latin America and Asia Pacific
Virtual-reality music startup MelodyVR is seeing a silver lining in the coronavirus outbreak – its content sales are up – but it’s also forcing a pause in the company’s global expansion plans. On the first...
March 18, 2020
MelodyVR valued at $288m in latest share-option exercise
Broadway-musicals firm the John Gore Organisation (JGO) is expanding its investment in music-VR startup MelodyVR, spending $1m to increase its stake in the company to just under 8.4%. This represents JGO (or rather, John...
January 6, 2020