Given the current buzz around MelodyVR, I want to follow up on yesterday’s article about EVR Holdings (LON:EVRH). I mentioned in the original article, that the F8 Facebook conference was due to start today, and that the Oculus release date would have been officially announced.
Today, Facebook announced that the Oculus Go would be launching immediately all over the world (if you want, you can even order one HERE ). Since the announcement, there has been a lot of chatter about MelodyVR, the main subsidiary of EVR Holdings:
Best Oculus Go games and apps: the best experiences for your standalone VR headset @ TechRadar
TechRadar has identified MelodyVR as one of the Oculus Go’s ‘best’ experiences
MelodyVR | Oculus Go
The official Oculus Youtube channel has posted a video of MelodyVR. It’s clear that MelodyVR is considered a leading app on the Oculus. To put things in perspective, the Oculus channel posted 9 videos today so far to coincide with the launch; the MelodyVR video was one of them.
Oculus website
MelodyVR is again mentioned on the official Oculus website as one of the key apps of the device
MelodyVR’s oculus page
The app already a rating of around 4 1/2 out of 5, and the first reviewer has said the following
“This app is a game changer. The sound quality and varying viewpoints create a near real show experience. You can literally smoke on stage with Wiz and dance under confetti with KISS. So fun – can’t wait to see what other artists and venues are added!”
Oculus Go is the first VR gadget you might actually buy @ the Washington Post
The Washington Post highlights that the Oculus Go is the headset that could become mass market and mentions MelodyVR as one of the key apps
I also mentioned yesterday that there was a £20m placing that would have diluted the share price by 10% and could have resulted in a temporary retreat in the share price. The share price did retreat a little today, but bounced back to end at around 18p!
It will be really interesting to see where the share price LON:EVRH goes over the next couple of days and weeks as MelodyVR officially launches. Although the market cap of just over £200m is high for a company that is still in pre-revenue, earnings could rapidly increase depending on the success of the Oculus headset. It must also be remembered that MelodyVR will also run on the HTC Vive and Playstation VR as well (the Playstation VR already has over 2 million headsets sold)!
Interesting times ahead indeed ……
As always though, please do your own research before buying/selling this share; the opinions above are only my personal views and should not be considered as advice.
