AI Generated Business Plan
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Movie Music Streaming Service
- Industry
- entertainment
- Product Type
- service
- Problem
- Moviegoers struggle to find and access movie soundtracks and instrumental tracks for background music.
- Market Size & User Personas
- Moviegoers of all ages and backgrounds, audio professionals, filmmakers, and TV producers.
- Solution
- A streaming music service and subscription-based platform that offers users personal and commercial acccess to movie soundtracks and instrumental music for any type of project
- MVP Features
- User account creation, searchable library of music, streaming playback, download options, and customer support
- Implementation Details
- Develop the technology for the streaming platform, conduct market research, secure licensing agreements from movie studios, build marketing materials, and create a payment processor
- Value Proposition
- Movie Music Streaming Service will provide movie soundtracks and background music to movie goers, musicians, and filmmakers on a budget with a convenient and affordable streaming platform
- Pain Points to Solve
- Sales & Marketing Channels
- Social media, influencers, movie studio collaborations, search engine optimization, and digital advertising campaigns
- Revenue Stream Sources
- Subscriptions and in-app purchases
- Cost Structures
- Licensing payments for music, web hosting, software development, and marketing
- Key Activities
- Licensing agreements, software development, marketing, customer service, and operations
- Key Resources
- Inventory of music, web developing expertise, fundraising resources, and marketing staff
- Key Partners
- Movie studios, music recording and publishing companies, software developers, and advertisers
- Competition Landscape
- Leading online streaming services with music libraries
- Competition Advantage
- Movie Music Streaming Service will focus on movie soundtracks and instrumental music which is an uncharted niche in the music market
- Idea Validation Steps
- Market research, user testing, surveying users, and creating prototypes
- Potential Business Challenges
- Negotiating licensing agreements, mobile app development costs, and customer acquisition