Young Entrepreneurs Sell a 79% Equity Stake in RKA Records | Dragons' Den
ฝัง
- เผยแพร่เมื่อ 26 ส.ค. 2024
- Ryan Ashmore and his business partner Liam Webb, both 18 years old, are seeking an investment of £50,000 in exchange for a 15% equity stake in RKA Records but who'll join them for this journey of a lifetime?
Season 9, Episode 2
An international sensation, Dragon's Den features entrepreneurs pitching for investment in the Den from our Dragons, five venture capitalists willing to invest their own money in exchange for equity.
#DragonsDen #BannatyneRecords
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Top trolling from Duncan with that offer
That, I'm speechless. Duncan just did the 80 20 on them. Brilliant.
He gave them their own soup
Not really. The company didn’t go anywhere so it’s a failed business.
@@Silent-Queen no it wasn't they sold it to Sony
He did better than 80 he took.79
@@trixzy4482
Nice. I wonder how much they sold for? They must have been doing somewhat well if Sony is going to invest.
I’m not into that music but I actually liked their sample music. Not bad for non super professional singers and musicians.
2:43 “Hilary Devey looks intrigued “
Hillary: 😐
Duncan's offer was supposed to be a bit of a joke seeing as they take such a high percentage.
I can't believe they took it, lol
I don't think Duncan thought they'd take it, lol. But they probably figured 79% of nothing is still nothing.. let's take the £50k and take a punt. Otherwise they were going nowhere.
He named it after himself and then stopped trading in 2012
At least he had fun lol
I think he wanted to give them a lesson on business. 😆
@@horusreloaded6387 What a legend lmao
He knew they'd take it lol. Bit of fun for him
These guys didn’t care about their label, they’re young entrepreneurs. They didn’t care about the equity because all they wanted was a dragon’s expertise giving them knowledge and contacts for the future. Or at least that’s what I’m going to hope it was lol
What this guys want is the Hollywood glamor of being a big record producer (SEX, DRUGS & CARS --- THERE 18)!!!
no they just knew or suspected they had nothing, which they did
They aren't entrepreneurs, an entrepreneur invests money into their business. They were investing less than £3 a month.
@@oliversmith2 I never said they were entrepreneurs I said they had nothing.
Legend has it they are still in Ibiza spending the last bit of Duncan's 50 grand.
Hahaah
😆😆😆
Except they only own 21% of it, so more like 10 grand.
Karma baby - they ripped off their artists with 80/20 split, so Duncan did the same. Genuis.
Not really
Not really, now only his money is on the line and they have little equity so they don't really have much incentive to do anything. If it is successful because Duncan wants to see a return they get 21% of it for his effort.
Not really. The artists all agreed that was fair and the two chaps agreed Duncans offer was fair?
It's all about opportunity, the platform and the people you know in this industry.
Once the artists are super successful they won't need the lads, once the lads become very successful they can dilute Duncan.
They join the platinum league
Fair play to Duncan. Renamed Bannatyne Music, he got some fun and took a big gamble and I believe his question and the answer on other businesses together with the fact they were smart enough to accept is why. He tested their morals and they passed. Great lesson , dont be greedy. Risk = reward. A small slice of a big cake can be worth more than big slice of a small cake. As Hilary said , a fair deal today can cause problems, problems that are easy to preempt once the risk is reduced, reduce the % once you got a hit. Both for shareholders and artists
Duncan renamed the company a year later to Bannatyne music and was then changed again ing 2018 to Savage Digital LTD
Duncan Bannatyne signed a group that appeared on Britain's got talent called Reconnected and actually appeared in their Music Video for the song "One in a Million" he played a part as an ice cream man😂
This man is the ultimate troll, giving them a rediculous offer as a jab at how they mugged off their own artists so he had some fun with it.
Probably wipes his ass with 50 Grand anyway😂
just looked up the video, that's so funny xD
He spends 40,000 a weekend according to Peter. He said it like 5 times in a video😂
Keep in mind that an early stage talent, the promoter does all of the work in the beginning and most likely the artist will run away to a bigger label once he gets big, so a promoter needs to earn his take while he can and when they get bigger then can revise the contract or leave which people do. It is a dog eat dog world and the promoter is taking all the financial risk in the beginning hence the larger portion
The company is now 'dormant'.
@@davidwhite4874 I think the website is dormant but I think it was sold to Sony Ent.
The biggest mistake in this pitch was Ryan doing just his bottom button up on his suit instead of his top button.
jesus.... they didn't realize that duncans offer was a joke lol
Duncan showed why he is where he is. His eyes lit up at "overheads of 2 pounds 80 a month", then even more at "we take 80% of the artist's income" and the clincher was "one song can easily make 100k in a week"! Then he gets 79% of ALL income and 2 energetic, ambitious slaves to be at his beck and call...I reckon it was 50K pretty well spent!
80% of an artist's income is fuckin criminal! I'd be running far away from that label if I were looking to join one.
@@sorrenblitz805 Really? New artists usually sign up for 10-15%, which is why their artists were more than happy with 20%. These contracts usually only cover albums and singles, not live performances where artists will make their money really.
Theo is just your dad in this, the questions he poses, the facial expressions "what are you on about?!" is basically what he is saying 😂
Duncan: oh sugar I was just taking a micky, darn 50k short now!
79%. The fook?
Unbelievable that these young lads got an investment and went to a wedding in the same day.
10% was top of the range for an artist back in the day!
Thing about record sales these days, 80% of nothing is still nothing.
Clever move by Duncan to test the waters. They charge 80% so he wants 79%.
I once read a comment that said Evan Davies the narrator looks like an adult Tommy Pickles, I now cannot unsee it.
😂😂😂😂😂😂
Thanks for that
Ah yes, the world renowned musical giants Hamfatter, the Oasis of the 2010s
Hi, I'm from south america and I've been watching almost every video of shark tank Colombia and Mexico, i'm running out of videos to watch so i decided to watch my first Dragon's Den pitch and oh boy...this is something else.
I guess i wont sleep tonight binge-watching this.
Good luck
Welcome to the club! We usually watch Dragon's Den while eating.
Dragons Den is the original show, all the rest are a spin off. This show is by far the classiest, smartest of them all.
@@greatergoodfijithegreaterg6272 The Japanese show was the original
I'm watching the DEN on my phone while THE SEED OF CHUCKY dvd on tv in the background .
Imagine having 50 grand to waste
Most people have been there, done that and got the t-shirt, son!
@@TylerL2023 you haven’t even got 50 quid to waste you melt 😂
@@TylerL2023 Most people where? You clearly don’t live in the real world. 50 grand to WASTE?
@@TylerL2023 yeah , and I'm one of em , more than 50k though .
Whichever entrepreneur presented the Dragons with the idea of putting a lift in the Den must be sorted for life now!
To be that boring “matter of fact” commenter - the lift was added because of an equality/anti-discrimination law change in Britain requiring them to add one, so that the studio was accessible to disabled individuals (whether entrepreneurs or staff).
They could either put in a lift for a few grand. Or buy a new studio for a couple million. They obviously went for the cheaper option.
@@Ravenfyre_88 I always thought they had a lift off-screen for the staff, but then also had to make a new one for the show (because of what you mentioned)
I swear this is the company that Duncan invested in and then kicked the two entrepreneurs out of the business and changed the name of the company lol. These two do realise by giving away 79% they lose all control of the business. These two just wanted to make a quick buck.
They probably expected Duncan to take over and turn it into something they could leech millions off in the future with their 21% leftover.
But they still own their 21% right? So it doesn’t even matter if they got fired
@@Warriorsoul101 they had only 1% the artist they sign have the 20%
@@bigbobrossa8524 Nobody owns 21% or 1%. Duncan bought 79% of their 80%. 79% of 80 is 63.2. Leaving the two guys with 16.8%, Duncan with 63.2%, and the artist with 20%.
@@saintjimmy456? The contracts with the artists have nothing to do with the equity of the company. The artists don't own 20% of the company, they get paid 20% of their music earnings
For some apparently excellent negotiators, Duncan surely dragged them by the balls on that one.
Hilary has a nice smile, almost as nice as Sarah's
She'd definitely get it in the shoulder pads.
Chris burns th-cam.com/video/pfN3r6LHLD0/w-d-xo.html
doubledrop alwayz I think her being rich has something to do with it 😂
Said nobody ever
Sarah is bandwagon restaurant and alcohol led wealth. I cant stand her
Their ties are enormous.
Well noticed!! Lols
😂😂😅
The boys sold 79% of their company to be mentored and gain some experience from the best. Not all have this opportunity,. What they got was priceless.
Depends on if he actually mentored them 🤷🏻♂️
For 79%?
Dinner with Duncan Bannatyne is worth more than 200k
@@adamk8073 No, it’s actually not lol don’t be ridiculous.
Ducan is getting 79 % of the money from the business and they only get 1% they just become slave's to ducan
They're getting paid to be educated by a business guru and still own 21% of a company that has no income yet. Who really won?
Woah so RKA Records got renamed into Bannatyne Music and it was later sold to Sony? I bet Duncan made some good return on that.
was gonna watch but the title gave all the fun away
Well no, they'd rather have a higher completed view rate than people leaving immediately.
The Dragons obviously don’t listen to music, they just listen to the grinding of their teeth
Peter shaking his head at the end was priceless 🤣
Peter invested in Hamfatter...
He would gladly accept that offer if he knew it was an option
1:46 you can see the exact moment Theo's brain says, 'You're deluded.'
I love Hilary honing in on the 80% inequality! So moral, so beautiful, so strong! R.I.P.
Didn't need to watch this the title description is a spoiler
The music medley was the kind of music you hear in Poundland because they refuse to pay the license fee to play established music lol
yup generic pop junk food that plays in the shop where you go to buy some jeans haha
The founders left their own company and it was renamed Bannatyne music
They will start another company
Beats by Bannatyne would have been better
This one was actually quite charming. These two lads are clearly entrepreneurs at heart starting out so young, and Duncan probably saw a younger version of himself in them. I'm happy they made a deal.
1:24 - Hilary's face!!! I'm not surprised that poor guy was petrified.
Liam Webb is a Business Development consultant at Armstrong Bell.
Ryan Ashmore is a Key Account Executive at Quinn International Property
Congrats to Duncan for buying 79% of a worthless company
I feel like he spent £50k to make a point and a joke, which is pretty funny that he can do that !
He makes that 50k back in a week he couldnt care less
@@csgobetting237 true! I'm sure he cares, that's how they get it in the first place, I've known rich people who enjoy saving a tenner if they can as you can't shake the getting a deal and not losing on investment mindset of self made millionaires but I get what you mean, not a bad position to be in is it! 👍
Deborah: why invest in you?
Guy: we're young and have no experience.
🤦♂️
‘Hilary Davey looks intrigued’ Really? She looks like she’s dying to have another cig
Lol!
I was a musician years ago and there's no money in it anymore. Being in a band or starting a record label is not a very smart career move these days. The only money in it is for already established artists, musicians or record labels. Anyone starting up now is up against an agressively cut throat and already heavily saturated industry.
ashleelmb if people stopped trying then Music would cease to be... it’s like that for everything...
You’re so wrong it hurts, I can name artists that have got huge in the past couple weeks out of one song
@@jordanolsen879 How would music cease to be? Billions of people on this planet have computers, laptops, tablets, mobile phones, mp3 players, ipods, CD players, tape players, record players, all designed to play recorded music. Furthermore, I'm not saying that people should stop creating live music altogether. It can be fun. But, to consider it as a career is not smart if you want to increase your chances of living comfortably. 🤷♂️
Agree with ashleelmb, I've worked on people books who tried to make it into the entertainment business its almost impossible to break in without a contact at the top. They make hardly anything and have been trying for over 20 years and I believe its too late for them to make it.
A friend of mine is an actor but is doing work behind the scenes instead of on screen. Its extremely cut throat industry. Unless you're willing to sleep with the director there's almost no chance in Hollywood.
You do get the few who do make it but the vast majority don't.
I have another friend who has made it and he produces music videos with views in excess of tens of millions.
The thing I will never understand is why does mainstream music only focus on the few people when there's so many people with so much talent?
@@keshabkuikel6636 I couldn't have put it better. I completely agree. Great comment!
Pretty sure he would also own 79% of his 50K equity purchase, since it would be company funds and actually not even managed by the minority shareholders at 21% anyway. Funny stuff.
They bummed the artists and Duncan bummed them all
What a bummer .
RKA Records swiftly became Bannatyne Music. In 2018 the company again changed its name to Savage Digital. Yeah, as you guessed, the label as of today is dead. It was 50k flushed.
It’s actually dissolved in 2022. People claim it was Sold to Sony, but I don’t see evidence of that anywhere.
Musicians don't really make crap. These guys talk all this stuff yet couldn't produce 1 single music video for an artist to show the Dragons. Majority of the money labels give comes in the form of advancements, or a loan, to pay for touring, hotels, food, music videos, promotion, publicity, and marketing. Whatever is left over, if there is anything after the label recoups their loan, it goes to the artists as well as royalties. No one really buys music anymore.
True. I find their presentation very interesting as there was nothing suggesting that the music played weren't demos and management companies do mail out model shots. Any professional printer can get hi res photos printed. I think the artists were signed to a management company... and the 80/20 deal was either void or very thin based upon those artists releasing music through the label - and only such music the label have 80% of the rights over. In fact, if they were intending to send the artists to america to record music.... no wonder they agreed to it. There would be nothing stopping them networking, using that opportunity as a stepping stone and signing for another label for their actual best material.
@@justanotherviewer4821 Indie artists are better off signing themselves to their own label or llc. Yes I agree, granted there's labels that give them the stepping stone or foundation to get heard and build a wider platform base, but honestly no real label whether indie or major would be interested if the artist has no following, hasn't played shows, or tried doing things on their own. Though I have seen manufactured artists. ex: Justin Bieber, Hanson, NSYNC. I worked at a lot of labels in the past with some pretty big named artists here in Chicago. I seen first hand how musicians are screwed over. Its sad honestly.
I’m a musician who’s played in a dozen+ bands, toured and played for thousands, been in 2 groups that signed to labels, and been played on the radio… and even then I BARELY make a living. These guys have NO CLUE how the music industry works or what they’re getting into - they just like music but don’t have any talent themselves so they decide to try and be leeches. I’m both offended and embarrassed for them! haha
These ppl have the hardest time giving pitches
02:42 “Hilary Devey looks intrigued”
- (Face doesn’t move or show any expression)
😂😂😂😂😂😂😂
Wikipedia
2011. Bannatyne got a 79% share Company , the largest proportion of equity bought on the show. In 2012 RKA Records was renamed Bannatyne Music,and subsequently managed by Kevin Savage. In 2013 it was SOLD to Sony again changed its name to Savage Digital Ltd.
«They have style, success is inevitable»
:)
According to Wikipedia, the label is now dormant.
We need more ads interrupting these videos. We really do
Read an article yesterday. In one year of DD, 13 of the 19 deals made never went through. And several entrepreneurs were shocked to find out the deal was changed from cash to a loan after their pitch.
I've always found the show entertaining but it's basically all bollocks
You are correct... The dragons essentially loan the money for equity you pay it back and they keep their share... They seek entrepreneurs with low money and cash flow problems
I cant help feeling most ‘deals’ are only struck on camera to meet the demands of making an entertaining program, and the dragons have no intention of following through with their ‘investment’
@Winston im pretty sure thats how most deals work tho? if they just give you the money with no equity then they have to recoup their losses. if the business makes money they retain their percentage and help the business, but if its a dud then they lose money.
not so?
@@SuperJutah it's all fake a guy I know was on there with coloured eggs,nothing came of it,but he said it was boiling hot,he was there all day,they never offered him anything to eat ,the stairs don't go anywhere the lift is fake and the lift doors are operated by two guys pushing them open and shut !!😆
Yup
Sold to sony in 2013. But Ryan (as expected) seems to be doing well looking at his LinkedIn. Key account director in a national property business 👌
cool
@H P He'll be getting a good wage so...yeah. 🤷
@H P Very good salary and job security you're such a div comment like that bet you work in sports direct and are doing an arts degree in uni 😂
The people decide whats good music, no matter how much business is behind it. A good song will finds its way to the top.
Not so much these days because of there being so much media available. You need at least some marketing to make it big these days too.
I hope they don’t disappoint. They are so young, I wish them luck and loads of it. Duncan might be greedy, but that’s really a huge gamble. So I don’t blame him.
He was not being greedy. He was trying to troll them by offering them a horrible deal, just like how they screwed over the artists. He didn't expect them to take it.
This was from 2010.
@@element4element4100%
he’s just memeing
What is the point of giving us the punchline before the joke? Please, sort your titles out.
0
Stop moaning
These guys and the dragons are discussing exactly the attitude to music that killed music!!!
Yeah, I mean all the samples they played sucked....IMO, of course, but yeah :D
This is what happens when someone wants to be in the music industry but have no talent themselves… so they decide to just be leeches
They were taking 80% of artists money so Duncan gave them a lesson in Karma by taking 79% of THEIR money...lol
I could not stop cringing the entire time, it was painful
I totally agree
Why?
you need to see a doctor
Lol Peter bringing up his hamfatter deal 😂
The captions say PIZZA JONES
Paul Smith yes we know. Someone reminds us every episode.
Pizza Jones
Theo Profiterole
Duncan Hammer Time
Deborah Edam
Hillary Bevy
Christ, not another one.
Hail Pizza Jones.
Either I'm in a time loop, or I saw this recently.
79% Absolute desperation 🤦♂️
the host looks like the nicest guy on earth. good pick
As soon as i heard that godawful music i would have quickly declared myself out.
Agreed. What happened to good music like Dio
@@expertexcavatinginc I named my dog after him lol
Oath
You know, I don't like that style of music either, but I am mature enough to realise that music is mostly down to personal preference.
When you were a child, your parents/grandparents said the same thing about what you listened to, remember.
@@oxymoron02 It's not about the style. All three of those tracks were objectively bad, and with little potential.
WE TAKE IT! I'm surprised they went even back to the wall.
Climbing up these stairs used to kill the entrepreneurs..
Yes, Peter, stick to the Hamfatter's. Smart man.
80% split would even make Don King's eyes water
Imagine the played the dragons some of Hamfatter 🎶
He clearly values the dodgy contacts XD
They are now called "prestige worldwide" and worth an estimated 3 billion, feel old yet?
Boats and heaux
Hilary looks like Cruella Deville's twice-removed cousin. Lol.
Heck- I would say sisters !
Hamfatter was one of the worst bands I’ve ever heard. I’ve literally made better music with my farts.
Thats not a nice thing to state on this platform. Why are some artist so negative. hate is ugly
SharpLight have you not watched the video? They talk about it
@@BLRSharpLight I bet you sit on the number 82 bus and say “this is NOT the number 40 bus” all day long lol
@@fontainehiggins3638 but technicallyimright isn't an artist. He's a fartist.
@@BLRSharpLight We all know that. You're not as sharp as your name would imply, clearly.
That one kid looked like he was fighting back tears and timid the whole time. He needed to display more confidence.
They are too shy, speaking soft while looking away. They are not even close to grasp the market.
that's what you get for being too young
@@moogleking exactly
Watching this in 2022 having flashbacks of the green iPod nano I adored when I was 12...
So Duncan just paid 50k to mentor 2 18yr olds, why he looking so chuffed
Yeah he basically bought them not their label. He was asking about other businesses straight away.
I was so amused hearing that Hamfatter reference.
Hamfatter has got to be the worst investment Peter Jones has made in the den
Love this show honestly one of the best on tv
They only accepted money, so they could run off with it!
Where are they going to run? Duncan bought 79% of the company so the 50 grand is still his as he is now the majority shareholder.
They went from owners to employees.
79% that's to much. Could of left them some of the company lol.
If they hadn't had played that god-awful noise on that Macintosh music thingy, I wonder if they'd have faired better with a better offer or two.
My uncle had a good go. I'll give him that
I may be out of touch with recent pop music and it's a very subjective topic but the sample music played was auto tuned, piss week dross
Well today every music has some sort of Autotune so it's not that odd
@@himanshusoni1422 shouldn't have to be that way though
@@KneeDeepInTheDead81 i agree but can't deny that it's popular and not going to go away anytime soon
@@himanshusoni1422 and that sucks.
Yes, but there's well - produced auto tuned pop, and amateur garbage. I'm sure you don't need to be told which of the two this crap was.
Nice ties
With boys like that: RIP music industry, RIP.
Yeah because there's not enough soul crushing pop music in the world already ..I'm out
Comment only 10 years too late
79% of 0 is still 0, poor Duncan when they took his joke seriously.
It's a win, win situation..... C V now reads ... used to be in business with Duncan Bannatyne... 😎😎😎
Peters surprise look got me. Lol
Post hair plug Peter Jones 🤣
Looks like huge 70's tie knots are back.
these guys made £50k, for selling nothing. just two guys sitting in their bedroom. so, really its duncan who's made the bad deal. imagine having £25k at 18
yeah, thats not how it works.
@@aidancahill5752 explain how it works then? These two kids sold their shares for £50k, which means they get £25k each
@@whiteweewee5961 Duncan put his money into the business as shareholders equity with a 79% controlling stake.
By having this amount of shares he has all voting rights in the business. Therefore he has voting rights over all actions in the business.
The guys don't have "£25k at 18" the limited company has £50k in the bank and is owned in majority by Duncan, who then approves all actions in the business. So these guys can't just take the money out and use it on personal expenses.
Hope this makes it clearer for you.
Hamfatter is the new Driveshaft
Artist makes 100 grand. Duncan gets 79 grand .Two lads get 17 grand and the artist get's 4 grand!!!
@ruskeipredator so the lads get 21% of 80 grand?
Yeah cos he's buying into the label.
The artists aren't part of the company, they have a 20% contract with the record label.