Date post: | 15-Aug-2015 |
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Technology |
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If you’re not being seen, you’re not being heard High quality music based videos.
INTRODUCTION
Traditional methods of video production are
slow & expensive
Rotor is an app that analyses your uploaded music and
video, and using pre-defined templates, creates high
quality videos cut to the music
HOW ROTOR WORKS
Upload a song1 Choose a style2 Upload video clips3
Preview the video you created, then buy it for £15!
CUSTOMER SEGMENTS
Bricks & Mortar businesses Food Service & Hospitality, and Retail ~600k total outlets in UK (Allegra Strategies 2013, Centre for Retail Research)
Total Market - 50m worldwide
Serviceable Market - 20m (unsigned musicians already using online tools - bandpage, bandcamp, etc) Market Share 5% - 1m 3 videos/year @ £20 £60 million revenue
MusiciansTotal Market - 50k worldwide
Serviceable Market - 40k (with budget to pay for Rotor subscription)
Market Share 10% - 4k £5000/year £20 million revenue
LabelsTotal Market - 160m global PS3 & Xbox360 sales
Serviceable Market - 22.5m (buyers of latest PS4/Xbox One, likely to be core gamers)
Market Share 5% - 1.125m £50/year £56.25 million revenue
Gamers
Established musicians are using Rotor - Caribou, Crystal Castles).
We are currently testing with Universal Records, Polydor and Warner.
Most subscribed YouTube gamer channel is PewDiePie with 35 million & 8 billion views. Top 100 gamer channels - 3.4 Billion views in one month (May 2014)
EXISTING PARTNERSHIPS / ROUTES TO MARKET
0.5
We’re actively looking to expand our partnerships in order to reach a wider audience
A breeding ground for the serious musician, with over 5000 musicians working to advance their careers. Rotor will be presented by BIMM as the method for each of these musicians to create their video content.
Online platform for musicians to create their profiles, distribute their content and enter the AudioTribe web charts. There are over 17,000 musicians so far who are trying to get recognised by record labels on AudioTribe.
The number one online music school in the UK, with it's own record label and 500,000 musicians on their database. Alumni include Leona Lewis, Claude Von Stroke and Aluna Francis.
An independent online music video site with one of the largest legal catalogue of music videos available on the web. The catalogue is licensed by all major record labels Universal Music, Warner Music, Sony Music, independent music labels & niche music content owners.
POTENTIAL PARTNERS / INTEGRATIONS / WHITE LABEL
2 million songs in US 3.5 million musicians
0.50.5 million musicians0.5 million musicians 3 millions songs
Speaking with business development team
Other platforms - Promo Push, OurWave, Pure Volume, Section101, Pledge Music, Chartburst, Live Jam
No 1 music video platform
13 billion minutes of gaming viewed/month
REVENUE MODEL
One-off paymentFREE, £15, £20 & £25
Free videos are watermarked. Pay
for high res - 480p, 720p, 1080p
Subscription£50+ per month
Record labels are most interested in
subscription. Price depends on how
many videos are produced/month
COMPETITORS
• Founded August 2010 • $30 million funding received • 10 million users • Targets general users and
businesses • Go to market strategy based on
press, advertising & eventually focusing on businesses
• Founded September 2011 • $20.5million funding received • 30 million users • Targets general users and
businesses • Go to market strategy based
on press, advertising & eventually focusing on businesses
There are currently no direct competitors doing what we do for the music and gamer industries
• Founded 2010 • $10.4 million raised ($6.4
million Venture, $4 million Series A)
• Created by fuzebits.com • On version 2.3.7 August 2014 • Over 5 million installs • In app purchases at £0.99 -
£1.99 per team
Desktop Mobile
VideoFX Music Video Maker
Starmaker
ROADMAP & FORECAST
£500K
5TH JUNE MIDEM
Audio analysis v2
Partner White
labelling
30TH SEP
Pro editing features
30TH NOV
Version 2 full toolset
31ST JAN
Mobile alpha
31ST MAY
Web open Beta
launch
10TH MAR
Generating revenue
Q2 2015
Videos 25 46 73 100 133 173 219 277 343 423 521 638
One-off sales £ £500 £600 £722 £873 £1,058 £1,287 £1,571 £1,925 £2,367 £2,922 £3,620 £4,503
Subscriptions 4 9 14 20 27 35 45 56 69 85 103
MRR £ £300 £660 £1,093 £1,617 £2,252 £3,025 £3,975 £5,149 £6,611 £8,448 £10,773
Monthly £ £500 £900 £1382 £1966 £2,675 £3,539 £4,596 £5,900 £7,516 £9,533 £12,068 £15,276
30TH APR
Mobile beta
30TH JUN
Mobile v1 Web v1
31 ST AUG
Audio analysis
31ST OCT
Setup base at the
Tileyard
Q1 2016
Raise £3m Series A
THE TEAM
Founders/Management
Simon Hamilton COO - Operations/Product• Founded Offsite Backup Services 1999 - Online backup • Co-founded 4sol (CTO), 2002 - Enterprise IT • Co-founded Novosco (CTO), 2007 - 60 staff/£6m rev • Founded app dev studio Rumble Labs in 2009
Experienced product team (ex. Rumble Labs)
Diarmuid Maloney CEO - Sales/Partnerships• Directed & edited promo video world DJ champion • Creative Technologist & graphic designer • 10 years music industry experience
Eoghan Kidney CCO - Styles/Music Industry
• IMTV Best Director & Best Music Video
Advisors
Tom Frederikse• Copyright/IP Advisor • Music industry specialist (worked on Spotify
legals)
Norbert Sagnard• Marketing Advisor • Angel investor (invested in Rotor)Mentors
Robert Proctor
CEO at Audioboom
Lisa Long
Skype, Senior Product Planner
INVESTMENT
Expenditure Breakdown Over 12 months
We’re looking for
investors to participate in Product development/engineering Scalability improvements, UX improvements, VideoDirector UI & development, mobile beta & version 1 release, editing features, white labelling
Sales and Marketing Product/market fit experiments, PPC, events, partnerships, sponsorship, community development, social media
Cost of Service Hosting (production, staging development), support
General and Admin Rent, legal/professional fees (IP/terms), travel, insurance
R&D Subscriptions/SaaS Travis, CodeClimate, Basecamp, Github, Google Apps, etc
£270k
£160k
£30k
(EIS and SEIS Approved)
Potential Acquirers £30k
£10k
£500k of seed funding
@rotorvideos
linkedin.com/in/rotor
angel.co/rotor-1
GET IN TOUCH
VIDEO PITCH
bit.ly/rotorpitch
APPENDIX: MILESTONES TO DATE
Bricks & Mortar businesses Food Service & Hospitality, and Retail ~600k total outlets in UK (Allegra Strategies 2013, Centre for Retail Research)
September 2012 Winner of SeedComp at CultureTech Festival
November 2012 Company formed 29/November 2012
January 2013 Development Begins
March 2013 Attend SXSW to validate market, gain beta testers
April 2013 Accepted onto Propel Accelerator Programme
July 2013 Awarded InvestNI R&D Grant
September 2013 First Rotor Web-app Prototype and awarded ESynergy Proof of Concept GrantLaunch of Rotor Alpha
January 2014 Completed Propel Programme
March 2014 Investment from Norbert Sagnard
May 2014 Begin work with Rumble Labs
August 2014 Accepted to Microsoft Ventures
September 2014 Equity agreement with Rumble Labs and appointment of Simon Hamilton
November 2014 Launch of Rotor Alpha
December 2014 Completed Microsoft Ventures
APPENDIX: PRESS
Bricks & Mortar businesses Food Service & Hospitality, and Retail ~600k total outlets in UK (Allegra Strategies 2013, Centre for Retail Research)
August 2013 The Arcade - First look http://bit.ly/rotor-arcade
March 2014 Silicon Republic - Startup of the week http://bit.ly/rotor-sr
March 2014 Vice (Motherboard - An Algorithm Will Direct Your Band's Next Music Video - http://bit.ly/rotor-vicemb
September 2014 Diarmuid Maloney interviewed about Rotor on BBC2 for Culture Tech 2014: Behind the Scenes http://bit.ly/rotor-bbc2