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Lounges.tv is launching a new streaming platform aiming to disrupt a $70bn market. The model rewards creators with 80% of the stream revenue, designed to be paid within 24hrs. Anyone with talent will be able to host immersive, engaging pay per view live streams, bringing the audience and creators closer than ever.

  • Aiming to deliver a new streaming experience, designed to pay creators in 24hrs
  • Live streaming market growing by 28% each year, worth $247bn by 2027
  • Backed by a number of angel investors
  • Advisory board includes creator of BBC iPlayer & ex-GM Motown Records
Information Lounges.TV has raised £218,652 and has issued shares for this on the same terms as offered to Crowdcube investors. This is represented on the progress bar for clarity. Up to £150,000 may be spent during the course of the campaign.

Idea

We believe that the revenue models of existing streaming platforms are deeply flawed. Based primarily on advertising share and brand sponsorships, only creators with large audiences are able to earn viable financial rewards, leaving those with a smaller following unable to generate meaningful revenue.

Accelerated by the global pandemic, online streaming is experiencing explosive growth. Experts predict by 2022 that 82% of internet use will be for streaming. The industry is booming and we think it’s here to stay.

Lounges.tv is on a mission to become a leader in high quality, user generated, paid-for content within the live streaming space. Our platform is being designed for anyone with talent, giving them the tools they need to connect with audiences prepared to pay for good quality entertainment. A perfect fit for music, comedy, fitness, well being, education and more.

Lounges.tv plans to take 20% of ticket sales, one of many revenue streams, handling the stream itself, ticketing, marketing to new untapped audiences and all payments, with a model designed to pay creators within 24 hours.

Leveraging technology from carefully selected partners, content creators will decide on the format, when they want to go live and how much to charge for entry.

We're raising investment to grow our creator pipeline, build brand awareness & develop the platform, ahead of our planned launch in 2022.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Lounges.tv has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.