Audiences attending concerts and festivals are reaching record highs and are expected to generate in 2017 sales above 1,1 bn USD in Germany alone. As venue capacity is limited, concerts of particularly popular artists are sold out in hours if not in minutes. Additionally, access to live concerts is limited by several further factors. Concerts are dominantly performed in selective large cities and economically sound countries leaving fans in rural areas or non popular countries behind. The music industry could generate a substantial amount of higher revenues, if a larger audience could be reached.
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Blockchain Consultant, Advisor, Consultant. European Commission - Horizon 2020 Rated on May 23, 2018
5
4
5
17%
A very exciting idea that could revolutionise the music industry. Having tried out VR myself, live concerts are a great use of this technology. Looking forward to the development of this.
Publisher of Blockchain News (EST 2015), Director of Blockchain Partners, Director of Token.Agency Rated on Apr 9, 2018
5
5
5
13%
Very smart. Having spent a few years in the music industry, I am well aware that artists need new channels to create revenue since downloading and streaming have more or less killed them off. This is a great idea with a solid team based out of Germany - and for those in the know - know Eventim who rule Europe. Teutonic efficiency.
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