Executive Summary: Difference between revisions
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Wreckroom is a dynamic and forward-looking independent record label, focused on revolutionizing the music industry. Our mission is to continue to develop emerging artists into significant acts, while putting an emphasis on being the platform. | |||
Wreckroom is a dynamic and forward-looking independent record label, focused on revolutionizing the music industry. Our mission is to develop emerging artists into significant acts, | |||
=== Core Focus === | === Core Focus === | ||
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• Our financial forecast predicts a significant increase in revenue across various channels, with a focus on growing streaming numbers and YouTube viewership. | • Our financial forecast predicts a significant increase in revenue across various channels, with a focus on growing streaming numbers and YouTube viewership. | ||
• Detailed revenue projections include artist streams, label YouTube revenue, partnerships, and studio services, setting a trajectory for substantial growth by 2030. | • Detailed revenue projections include artist streams, label YouTube revenue, partnerships, and studio services, setting a trajectory for substantial growth by 2030. | ||
Latest revision as of 14:10, 17 January 2024
Wreckroom is a dynamic and forward-looking independent record label, focused on revolutionizing the music industry. Our mission is to continue to develop emerging artists into significant acts, while putting an emphasis on being the platform.
Core Focus[edit]
• Our strategy centers on nurturing a select group of artists, aiming to elevate at least one to a 7-figure music act within three years. • This involves a heavy release schedule (12 songs per year), production of high-quality music videos, and a strong digital presence, particularly on Spotify and YouTube.
Unique Approach[edit]
• Wreckroom blends extensive digital media promotion with a commitment to high-quality music production. • This dual strategy is designed to maximize digital visibility and engagement while maintaining artistic integrity.
Revenue Streams[edit]
• Our revenue model encompasses direct streaming income from platforms like Spotify and Apple Music. • Indirect revenue streams include artist and label YouTube channels, featuring performance series, 24-hour radio broadcasts, and private industry sessions. • Ad views and partnerships on YouTube channels form a significant part of our revenue. • The label also offers a curated newsletter, enhancing community engagement and industry relationships.
Touring and Supplementary Services[edit]
• Beyond digital content, we plan to develop a touring revenue model after the second album release of our key artists. • Supplementary services offered include production work, studio time, and marketing services, ensuring holistic artist support.
Financial Forecast[edit]
• Our financial forecast predicts a significant increase in revenue across various channels, with a focus on growing streaming numbers and YouTube viewership. • Detailed revenue projections include artist streams, label YouTube revenue, partnerships, and studio services, setting a trajectory for substantial growth by 2030.