Deezer Inve$t$ In Dream$tage
• Pioneering HD live streaming platform Dreamstage announced that global audio streaming service Deezer is becoming a cornerstone investor, with substantial funding to significantly speed up the company’s growth and expand its operations. Dreamstage’s technology has delivered over 50 live shows since launch, bringing rich live music experiences into fans’ homes, while providing musicians with the means to generate income during the pandemic.
Dreamstage also offers artists the opportunity to go beyond ticket sales and brand sponsorships, by selling merchandising, VIP experiences, and raising donations. The platform is set up for the long term, developing Live Music Video as a new entertainment format and offering simulcast streaming opportunities for in-person concerts when live gigs start again. Deezer’s investment will help accelerate the roll-out of Dreamstage’s product, expand its range of content, and grow market share. The companies will also look at new opportunities for how music fans can benefit from Dreamstage’s live streaming capabilities.
“Dreamstage is rapidly developing as a leading premium player in the thriving streaming concert business, creating unique moments for artists and fans to connect across the globe,” said Thomas Hesse (left), CEO of Dreamstage. “We are excited to join forces with Deezer who share our vision to innovate and capture this massive new opportunity. Together, we will nurture and propagate the emerging Live Music Video format, and help artists grow and delight virtual audiences everywhere.”
Deezer CEO Hans-Holger Albrecht remarked, “Dreamstage is the best live music platform on the market today. It’s well placed to become the ultimate online music destination for both fans and artists. Music fans can finally enjoy an authentic concert experience that is more than just a video call. Dreamstage and Deezer share a vision of supporting talent across a wide variety of genres. Live shows provide musicians with crucial revenue opportunities during these challenging times. This aligns closely with our mission to connect artists with their fans through our Originals projects, recorded sessions and editorial content.”
