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.
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.