Monday, May 19, 2014

Will the concert-streaming business take off?

AEG Live, backstage, billboard, bonnaroo, coachella, concert, entertainment, latin grammys, live, live event, music, performance, touring, Vevo

The music industry has had sparks of stepping into the concert streaming business few times, but we are still waiting for the take off. According to the billboard article written by Steve Knopper, high production costs are one of the first reasons why only few concerts have been streamed so far. These production costs include union fees and super size bandwidth, among others. Also, promoters are not too excited about this idea because it may hurt ticket sales.