Napster reports $44.2m revenues for the first half of 2021
Merger completed with MelodyVR, Napster today offered the first half-year figures for the combined company.
September 30, 2021
MelodyVR ended 2020 with 325k users… and a £26m operating loss
Since completing its merger with Napster, music startup MelodyVR has adopted that company’s brand. However, this morning it published financial results for its last full year before the deal, to 28 December 2020. Bright...
June 28, 2021
MelodyVR raises another £6.5m in convertible loans funding
MelodyVR started this year by completing its acquisition of streaming platform Napster, and now it’s preparing to rebrand the company as Napster Group. It’s also raising more money for what comes next: £6.48m through...
February 9, 2021
MelodyVR completes Napster acquisition and launches in Asia
Forget loafing about on the sofa munching turkey leftovers: MelodyVR spent the days between Christmas and New Year completing its acquisition of Napster. After issuing additional shares in MelodyVR to Napster’s owners,...
January 4, 2021
MelodyVR reveals next steps in its merger with Napster
Music VR service MelodyVR’s plans to merge with streaming service Napster continue: they have been detailed in a public filing this morning in the UK. They include a new shares issue: 201.3m subscription shares at...
December 9, 2020
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