This is a quick overview of DRSC Media, as well as DRSC Publishers, from a financial perspective. This document was requested by a few of our investors at our 2018 Annual Meeting and was elaborated by the Director with the contribution of two other employees.
DRSC Media launched in the middle of October. Since then, it’s been a year. At the beginning, the new branch had some trouble finding a rhythm and published a lot of random and unrelated content.
A year later, the new branch is attracting a large number of visitors, a regular rhythm has been established and related content is being made.
DRSC Media is also being used as a means to promote DRSC Publishers as a whole, and, more specifically, the services from DRSC Translators.
Let’s first address the elephant in the room: the new branch is in no way profitable. On the contrary, the thousands of man-hours invested in this new project could have been better used somewhere else in the company. Even if DRSC Publishers had low profitability with its 5-15% profit margins from book publishing, the margins experienced in DRSC Media are even lower. Quick note: DRSC Translators remains the most profitable branch of the company, with some impressive margins compared to the rest. Over the coming months, we’ll be looking into new ways of monetizing DRSC Media, either by offering direct subscriptions or settings up a support option. DRSC Media’s content will remain free though, as we don’t plan on pay walling the site. DRSC Media’s website will also be moved to a new host in the short-term, just as DRSC Publishers. This is still work in progress. We’ll probably start by moving DRSC Publishers as an experiment, as DRSC Publishers’ website is less important [in terms of visibility] than DRSC Media’s.
For the rest, DRSC Accountancy continues to operate privately with the only goal of servicing DRSC Publishers’ needs overall, although the branch has started offering specific services to a limited number of past customers. DRSC Designers is doing mostly fine, although the branch is operating nearly independently at this point, without any oversight of the main branch.
We have nothing to say about DRSC PublishersX. We’ve been in talks with some people, but nothing to report. Same can be said about Viking Games. We’ve considered allocating some funding to finish the last projects the team was working on before we interrupted development, but nothing concrete. There have been talks of selling the IP to an interest company, but for now there’s no need.
A quick note on this: there are various reasons we have ruled out selling Viking Games’ IP. The main reason is, currently we do not need the money. Profitability may be low, but we are not desperate enough that we have to sell said IP. The IP held also varies in value. In its short existence, Viking Games worked on a series of projects, with none finished. Therefore, the content held goes from sketches, demos, tech demos, concept art and writing, to random pieces of code. It will be difficult, if not impossible, to find a buyer for some of the content owned. Some of the content, such as the writing, is also partially owned by its authors, who are also regular collaborators of the company. Holding on to this content doesn’t cost DRSC Publishers any money, while selling it would force us to pay a compensation to our collaborators, as per specified in their contract. We therefore believe it is best to hold on to the IP and potentially reuse it in the long term.
DRSC Services covers DRSC Accountancy, DRSC Translators and DRSC Designers. Nothing to report.
DRSC Administration is now working mostly with DRSC Accountancy. Nothing to report.
As discussed at this year’s Annual Meeting, in Brussels, DRSC Media’s future is unsure. For now, the project will continue going on with its 2-worker team, releasing content at a similar rate as it has been doing over the past few months. But as investors pointed out, DRSC Media cannot depend forever on funds allocated by investors and DRSC Publishers [via DRSC Translators’ margins]. We’ll keep working on ways to reach a bigger public or further monetize the site, and renew the project’s budget once every month, depending on the total amount of visits.
Concerning visitors, we’ve received overwhelmingly positive comments in private for some of the content made. These comments come mainly from our content focused on politics, such as EU Propaganda and the coverage of Catalonia’s [Spain] independence issues. On the other hand, Huawei News is very appreciated by readers, easily ranking first in terms of total visits each month.
We have received some criticism, concerning the EU flag that we put on the header of the website. The criticism is summarized by “The flag may be driving readers out and consider the site as biased”. We take criticism seriously. That’s why we’ve taken that header down and replaced it by the old header that did not have the EU flag.
DRSC Media has also been accused a number of times of being financed by different political organizations, such as the EU institutions, the Spanish government or certain political organizations from Spain. We have also been accused of not being located in Brussels, Belgium, even if providing extensive proof of the contrary. This criticism has been addressed a number of times, but we’ve informed DRSC Team, who handles most of the PR of the company, to ignore said criticism and, if need be, point out to specific articles proving the contrary or to refer to the “About” section of the site.
Things are going well, and we are proud of our new division, as well as the work produced for it. We hope that you, as investors, keep supporting us, and allowing the company launching this kind of content. Thank you very much, from the DRSC Staff!
DRSC Administration/DRSC Publishers
For more detailed information, especially finances, please check the e-mail we sent right after the end of our 2018 Annual Meeting. For more in-depth questions concerning your investment, DRSC Accountancy will take care of your request over at firstname.lastname@example.org.