gogoyoko.com content
TRANSCRIPT
A fair trade music service focused on
independent and cutting edge music
Ray Farrell
Key People Investors
Alison MacNeil
CEO
Haukur Magnússon
Founder
Pétur Einarsson
Founder
Magnús Thór Jónsson
CTO
Einar Birgir Einarsson
Lead UI Developer
Company Timeline
Founded: December 2007
Seed funding: January 2009
Launched service: October 2009 (in Nordic + Baltics)
US + UK Launch: Late 2012
Seeking new investment in 2012-13
gogoyoko company overview
+ other private investors
Sustainable Growth: the gogoyoko model
Downloads Advertising Mobile Apps Subscriptions
Revenue is generated by downloads, ad sales, mobile applications and
subscriptions.
The turnover due to all these revenue streams is growing at a rate of
23.45% each month and the company will be sustainable on its own
revenues in 2012.
gogoyoko revenue split
We offer the same fair deal to distributor, labels, or independent artists.
We call our business model “Fair Play in Music”.
How many albums would I have to sell…
Low-End
Royalty Deal
3871 albums per
month *
1229 albums per
month *
155 albums per
month * 130 albums per
month
* Source: http://www.informationisbeautiful.net/2010/how-much-do-music-artists-earn-online/
How many tracks?
12,399 tracks per month *
* Source: http://www.informationisbeautiful.net/2010/how-much-do-music-artists-earn-online/
1562 tracks per month *
1432 tracks per month
(through iTunes)
2044 tracks per month *
How much streaming for minimum wage ($1160 US)?
4,053,110 plays per month *
1,546,667 plays per month *
849,817plays per month *
175,758plays per month
* Source: http://www.informationisbeautiful.net/2010/how-much-do-music-artists-earn-online/
Our community determines
popularity of tracks and albums by
hearting (with some help from us).
We recommend
our favorite
music to our
users through
their personal
profiles.
We focus on cutting edge
and up-and-coming artists.
Kurt Vile outsells ADELE on gogoyoko. The mixture of albums from
a range of independent labels and artists who upload for themselves
gives the store more of a community feeling – like a local store that
might carry a local band’s self-released EP on the counter.
gogoyoko store
Our playlist feature takes our
music curation to the next level,
with underground music nerds
and indie artists submitting their
own playlists to the site.
We work closely with the labels
and distributors to feature priority
tracks in our playlists.
We also write articles around the
artists and albums on the site
ourselves, rather than taking the
same content as every other site.
It is important to us to have our
own voice.
Music Curation
Each label has its own storefront
on the site and as we import
catalogs we pick out our favorites
to write about and promote.
Our music management tools
allow any label to manage their
own storefront completely.
Labels can see up-to-date sales
information through the music
manager.
A label can feature artists, create
a label playlist, add a biography
and the users can browse
everything that the label makes
available.
Users of the site only see content
that is available in their territory.
Label Stores
gogoyoko next steps
Increasing advertising revenue in Europe and
U.S.
Finalizing licenses with U.S. and European PROs.
Generating U.S. ad revenue for the U.S. launch.
Launching our program for small investors.