Tag: melodyvr

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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.
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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...
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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...
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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,...
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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...
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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...
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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...
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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,...
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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,...
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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...
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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...
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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,...