BUSINESS OVERVIEW Streaming live music from large to small venues across Canada Using a high...
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Transcript of BUSINESS OVERVIEW Streaming live music from large to small venues across Canada Using a high...
BUSINESS OVERVIEW
• Streaming live music from large to small venues across Canada
• Using a high definition technology most commonly used for business conferencing called “Teleprescence”
BUSINESS OVERVIEW
• We obtain live music feed from large promoters who hold the rights to each show
Live feed from Rogers Centre
Odeon Events Centre
The Distrikt
Vancouver
Saskatoon
Regina
NETWORKING
1. Small venues• Renting out the Odeon and the Distrikt
2. Large Promoters• Rent out and market the show for bands for the
entire tour• Have rights to the live show• Charge us for the audio & visual feeds• $500 per small venue show
Local Music Fans from Saskatoon & Regina• Brand new experience• Still get the interaction of music goers• Comparable to the cost of going to a movie
– roughly $20• Goal: 150 fans in attendance per show
TARGET MARKET
COST/SHOW
Renting the Eventplex
$350
Security
$390
Lights and Sound
$450
Sound Technician
$200
Marketing
$400
Cost for Live Feed/show
$500
IT Staff $240
Total Cost $2,530
PROFIT/SHOW
2012 2013 2014 2015 2016
Number of Customers/show 150 150 150 150 150
Ticket Price $20.00 $ 20.50 $21.01 $21.54 $22.08
Revenue/show
$3,000 $3,075 $3,152 $3,231
$3,311
Cost Per Show
$2,530 $2,577 $2,646 $2,706
$2,782
Profit per show $470 $498 $506 $525 $529
EXPANSION
2012 2013 2014 2015 2016
Number of Small Venues 2 2 3 4 5
2012 2013 2014 2015 2016
Equipment
$162,957 - $58,200 $58,200 $58,200
Working Capital $15,065 - - - -
Total Equity Investments $178,022
Capital Budget
• Based on 8 shows per month at each small venue
PROJECTED PROFIT
2012 2013 2014 2015 2016
Gross Profit $184,320 $188,928 $315,692 $448,676 $588,112
Operating Expenses $171,985 $195,534 $241,427 $308,862 $376,431
Net Income $12,335 $(6,606) $74,265 $139,813 $211,681
• IRR (non-leveraged)= 59.1%
• Marketing strategy combined with technology and new experience
• Profitable business venture
IRR & FEASIBILITY