Photo - The Sound Bar
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The Sound Bar

Multimedia recording studio

USA, California
Market: Entertainment
Stage of the project: Operating business

Date of last change: 04/29/2019
Min investment
$  100.000
Total required
$ 1.000.000
Rating
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Idea

We use technology and design to drastically increase our efficiency per square foot. Reducing customer cost 10X+ when compared to competitors.

Current Status

Currently partnered with multiple recording studios throughout California and Georgia.

We are building our 1st multimedia mall location at the Del Amo mall in Torrance CA (Lease not signed - location not yet ready/under construction)

We have over 5,500 lifetime customer and over $21 million in lifetime revenue.

We currently have over 500 pre sign-ups to our new location (over 1,500 pre sign-ups before we open our new location).

Market

We cater to tomorrows content creators (recording artists, and podcasters) of all ages, skill levels, and stages of career.

We also cater to listeners in the SoundCloud space primarily. And secondarily the Spotify/Apple music space.

Lastly we cater to the online radio market (Pandora, Iheartradio, etc).

Problem or Opportunity

Today's content creators are required to make more content than ever before. Spotify alone publishes over 25,000 songs/podcasts a day. Today's outdated & traditional recording studios are not designed to handle this type of workload. As a result their prices are extremely high, and their efficiency is extremely low.

Solution (product or service)

Our studios completely changes the traditional design and utilizes technology a lot more, which drastically increases efficiency. This not only allows us to charge 10X+ cheaper than competitors, this allows us to offer every service a recording artist or podcaster's career will ever need (publishing, distribution, copyrights, etc).

Competitors

Every recording studio in our area (Home, personal and commercial studios).

Additionally, streaming platforms.

Advantages or differentiators

Our extremely low prices.

Our ability to safely bring collaborators together.

Our technology.

Finance

With our current customer base we expect our year 1 revenue to be $3 million+ (per recording studio).
Each year we expect to increase our revenue per studio 40% - 75%.

Business model

We charge as low as $100 a month for unlimited recording.
We charge variable rates for additional services such as publishing, mixing/mastering, distribution, etc.

Money will be spent on

Building our new facility at the mall. Hiring personnel.

Offer for investor

25%

Team or Management

Risks

Our main risk is well financed copycats.
Additional risks include, under funding, and lack of aggression.

Incubation/Acceleration programs accomplishment

N/A

Won the competition and other awards

N/A

Website address

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Website address