Are Paid Live Streams Of Concerts The Next Step In Music Revenue?

From Hypebot:

By Tyler Hayes, who runs the music discovery siteNxt Big Thing.

Up until recently the solution for artists not making money on their music recordings was for them to tour. The live show is something that can’t be, easily, pirated or duplicated. The Postal Service semi announces they’ll be playing at least one show in 2013 and the Internet temporarily explodes. The experience of seeing a band play live is an experience unto itself.

image from www.quiethounds.comUnexplored for the most part, live show webcasts are ripe for artists adoption. Quiet Hounds are a relatively new band looking to be on the forefront of exploration with their newest adventure, ‘We Formally Invite You To Go Nowhere’. With one live show broadcast under their belts, the band is having their second on February 24th. Originally set to use livestream and attendstar, the band will now be hosting the broadcast themselves, keeping 100% of the modest $5 ticket price. Beyond looking for different revenue streams aligned with performing music, Quiet Hounds appear to have an interest in pushing technological advancements forward in the space.

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