Rhymeduck music service - Heesung Do
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Hee-sung Do 도희성 WanTreez Music 원트리즈뮤직 대표 Creative Commons Global Summit 2015, Seoul, Korea
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Rhymeduck music service - Heesung Do
- 1. WANTREEZ MUSIC 12015-10 RHYMEDUCK MUSIC SERVICE CC GLOBAL SUMMIT 2015 WANTREEZ MUSIC INC. http://www.wantreez.com http://www.rhymeduck.com Tel. 02-6925-4497 Fax. 02-6008-0418 heesung@wantreez.com
- 2. WANTREEZ MUSIC 22015-10 2 WANTREEZ MUSIC WORLD’S BEST B2B MUSIC SERVICE WANTREEZ MUSIC is a company created to provide wants best suited to customers’ needs. The company wants to be the best partner capable of solving problems related to music and content for both businesses and customers. FOUNDATION 2011.05 RELATED
- 4. WANTREEZ MUSIC 42015-10 01 Music providing service to support stores to use suitable music legitimately. RHYMEDUCK SERVICE Offline storesComposer Performer Producer BGM service provider Selecting Music Consulting suitable music and mood for clients as time passes Scheduling & Recording Organizing promotional materials, closing alarm for each stores Technical Supports Supporting media player(via PC, STB) Radio advertising Winning a contract from advertisers
- 5. WANTREEZ MUSIC 52015-10 02 25,000 stores as our clients 5 million listeners each day Unrivalled No. 1 growth rate in the industry Clients
- 6. WANTREEZ MUSIC 62015-10 What is special about RHYME DUCK ?
- 7. WANTREEZ MUSIC 72015-10 03 A large size market should pay music royalty for their BGM as following Music royalty (in Korea) about 3,400 USD / month If there are 1,000 markets, they should pay following royalty annually… about 40,000,000 USD
- 8. WANTREEZ MUSIC 82015-10 04 Dramatic cost reduction by using CCL(Creative Commons Licensed) music • We’ve been contacted a lot of artists over the world • So we could build our own music database containing 1M music tracks with all genres • By using our solution, no one have to pay another royalties to any associations or distributors Our solution Performance License Fee 30% Performance Remuneration (Producer) 25% Performance Remuneration (Performer) 25% Service License Fee 20% [BGM royalty structure] Reductions under Creative Commons License An average 80% of the cost can be saved! 1,500,000 USD per year Supermarkets in 141 locations nationwide 324,000 USD per year Coffee shops in 540 locations nationwide 93,600 USD per year Shopping complexes in 2 locations nationwide [Example of royalties by type of business]
- 9. WANTREEZ MUSIC 92015-10 ‘A’ department BGM cost structure (In 2013, 5 stores, USD/Year) PERFORMANCE FEE (PERFORMER) $26,100 PERFORMANCE FEE (PRODUCER) $26,100 PERFORMANCE FEE (COMPOSER) $52,200 SERVICE FEE $18,000 Using regular music SERVICE FEE INCLUDING ROYALTIES $30,000 Using RHYMEDUCK 90,000 USD can be saved annually REQUIRED CUSTOMERS TO COVER MUSIC ROYALTIES (PURCHASE PER CUSTOMER: $65,000, PROFIT: 30%, National Statistical Office Korea) Regular music 6,154 PERSONS RHYMEDUCK 1,539 PERSONS VS + SURPLUS MKT BUDGET
- 10. WANTREEZ MUSIC 102015-10 THANK YOU RHYMEDUCK is provided by WANTREEZ MUSIC INC. DB BLDG. 4F, 146-7 Samseong, Gangnam, Seoul, Korea 02-6925-4497 02-6008-0418 heesung@wantreez.com http://www.wantreez.com http://www.rhymeduck.com ADRESS PHONE FAX EMAIL WEB