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Premium Social Networking Website for Musicians

June 12, 2007 Listing 13019 Social Networking/Blog/Forum Music
Asking Price 400,000

Description

Business Overview

For musicians, this site provides a full featured site to showcase their music to listeners and prospective labels. It is a social networking site that is a hybrid between MySpace and itunes with 100,000 independent band accounts. This site allows new artists to create a custom website featuring their music, upload videos and photos, and share information via a blog format with their followers. For listeners, this site provides access to 1,0000s of mp3s from the best new bands and artists as part of a free membership. Revenue growth over the past two years has been strong and the site's profitability continues to increase. The growth potential for this site is enormous. Site revenues are derived by a combination of artist subscriptions and processing fees, and advertising revenues.
 

Growth Opportunities

The depth that this site offers for the musical community is unparalleled and the growth potential for it to become a huge community of musicians and their fans.

Competition & Market

No other social networking sites that have the full, robust features that this site offers.
 

Financial Overview

Gross Revenue 0
Cash Flow 0
Archive Date 06-06-2008
Status Archived
Year Established 2004
Employees 1
Inventory 1

Other Information

Category Social Networking/Blog/Forum
Industry Music
Location USA, Texas (Dallas)
Home-Based Business Yes
Seller Financing Available No
Income Sources Access to Site/Memberships