Dench Music has designed a platform with collaborative interface for music production, primarily oriented towards interactions between musicians and record labels. In championing for collaborative musical environment, Dench Music will provide entry-level musicians and DJs with an opportunity to cooperate with prominent artists and promote their creative works and advance the development.
https://denchmusic.io
Dench's approach to music production
Dench's course of action is twofold as they designed a solution suitable both for production and promotion. Songwriting and video production represent a market for ideas, that is, the process of producing a song for a record involves a wide variety of services of works. Alongside creative work, marketing strategy with regard to distribution channels, promotional events and social media activity will be elaborated as well. To understand the significance of promotional activities, one can consider the post-release activities on such media as YouTube, Facebook and TV to capture audience's attention. With the help of Dench Music, artists will be able to create a media strategy that will guide them in the world of digital media communications.
https://denchmusic.io
The emphasis on marketing strategy should therefore increase sales profitability and this meant having attract a number of composers and producers to the project in order to capture consumers enable sales. This point obviously raises the question of expenses and budget allocation. As a full-service platform, Dench Music will budget for all activities associated both with production and release.
Dench's music retail service
A clearly articulated business model is the cornerstone of a successful media strategy. Generally, Dench Music will benefit from fee-paying basis and for that a multi-level system of charges will be offered. Income from social media sources will contribute meaningfully to advancing the process. Songs placed on iTunes will be offered for purchase as well.
In championing for capital injections, Dench Music intends to provide a certain level of interactivity that is by its nature will enable a more personalized experience. For this, MIC tokens will be used as a means of payment for concert tickets, VIP events, records, etc.
Partnerships and support
The ultimate value of the project as implied by its principle idea will be largely dependent on the level of participation among prominent artists. As indicated in the business project model, top-musicians who will collaborate with entry-level or even well-established but still locally famous artists, will contribute to song promotions by means of their names. To support its work, Dench Music has partnered up with Spinnin' Records, CTM Records, and others.
Token Sale Plan
Analyzing musical projects from a business perspective as well as using social media as a force in digital communication is by no means new. In this light, Dench Music relies on its team, that is referred as being experienced in the field of collaborative work and partnered with such prominent artists as David Guetta, Nicole Scherzinger, Will.i.am and others. The very first project to be introduced is that in collaboration with Chris Brown. As the project will continue to evolve, new collaborations will arise.
While Dench Music declares its distance from the primitive sales strategies based on production with celebrity symbolism, it seems that in fact they work in the same direction while only taking the process a step forward. This outlines a focus for development, as the project will be build around stakeholders deeply involved in music industry. Nevertheless, a multifaceted approach to promotional campaigns should be concerned as an evident benefit.
Links:
Website: https://denchmusic.io
WhitePaper: https://bit.ly/2v7Fe70
Telegram: https://t.me/denchmusicico2018
Facebook: https://www.facebook.com/DenchMusic/
Twitter: https://twitter.com/denchmusic
Medium: https://medium.com/@denchmusicico
ANN: https://bitcointalk.org/index.php?topic=4177212
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.