Livestreaming service LiveXLive Media has generated more than $850,000 in ticket sales in the three months since launching its digital touring platform.
The operator, which debuted its livestream Pay-Per-View (PPV) platform in May, has sold over 32,000 PPV tickets in over 96 countries at an average price of $27.
The platform, which has already featured rock bands Goose and Twiddle and will soon showcase stars Pitbull and Nelly, was created as a revenue-share model to support artists while concerts and touring are at a standstill during Covid-19. LiveXLive’s PPV platform allows artists to go direct-to-fans and perform full length concerts with unique behind the scenes footage.
LiveXLive said ticket sales have been boosted by LiveXLive’s 873,000 paid subscribers, 34 million email registrations, and 850,000 followers on social media.
“The enormous early success of our livestream pay-per-view offering can be attributed to super engaged fanbases, electrifying performances, and LiveXLive’s unique talent-centric music platform focused on connecting artists and superfans,” said Dermot McCormack, president of LiveXLive.
“Our newly created pay-per-view platform provides the music industry with new revenue streams, which benefit artists, managers, agents, publicists, and other music professionals.”
LiveXLive’s PPV platform allows artists to go direct-to-fans and perform full length concerts with unique behind the scenes footage, docureality-style coverage coupled with premium tiered ticket pricing, VIP experiences and other perks.
LiveXLive simulcasts its events across its owned and operated platform, mobile and SmartTV apps and channels, as well as its own and the artist’s various social media channels on Facebook, Twitch, Twitter and YouTube.
Since January 1, 2020, LiveXLive has live streamed 71 live music events and 1,200 artists, an increase of over 470% and over 1,100% compared to the same time period last year.
LiveXLive’s platform has generated over 88 million livestream views and over five billion video views on TikTok.
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