- The music industry has increasingly turned to livestreamed concerts to try to make up for the massive losses sustained from the cancellation and postponement of in-person events due to the pandemic.
- An ongoing experiment is underway to find and develop the best technology and techniques for engaging fans and convincing them to pay for digital shows.
- Some themes are emerging in what works, what doesn't, and what's coming next.
Post Malone and his bandmates donned women's dresses while livestreaming a Nirvana tribute. British artist Yungblud livestreamed a performance reminiscent of a variety talk show. And Linkin Park's lead singer Mike Shinoda created a series of albums developed entirely in collaboration with his digital followers on Twitch.
Welcome to the new era of live concert-streaming.
- Music Tech is Making it Easier — and Harder — for Artists - dot.LA ›
- Event Hub Aims to Bring Vendors Back to Virtual Concerts - dot.LA ›
Here are the latest headlines regarding how the novel coronavirus is impacting the Los Angeles startup and tech communities. Sign up for our newsletter and follow dot.LA on Twitter for the latest updates.
- Live Nation gets $500 million from Saudi investment fund as concerts remain in lockdown
- YouTube to host 10-day film festival as partners like Cannes, Sundance shutter events
Live Nation gets $500 million from Saudi investment fund as concerts remain in lockdown<img lazy-loadable="true" src="https://dot.la/media-library/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzE2OTUwMy9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTYzMzI4OTM2MH0.c224nq3W1kEID7jqlXtMFyzt3mxrPy0y02-FoxPzkJE/image.jpg?width=980" id="2ca9d" class="rm-shortcode" data-rm-shortcode-id="d59481e13918c86005b0b5da436d3fdc" data-rm-shortcode-name="rebelmouse-image" /><p>Saudi Arabia's sovereign wealth fund acquired a nearly 6% stake in Live Nation, one of the world's largest events companies that is the parent of Ticketmaster. The investment is valued at about $500 million, and pushed Live Nation shares up roughly 10% to $42 in midday trading on the New York Stock Exchange. The Saudi Public Investment Fund is now the third-largest shareholder of the Los Angeles-based company, and comes at an uncertain time as the COVID-19 pandemic has shuttered concerts and sporting events around the world, <a href="https://www.sec.gov/Archives/edgar/data/1335258/000101143820000126/form_sc13g-live.htm?mod=article_inline" target="_blank">according to a form it filed</a>. The company's executives have also taken pay cuts during the past few months as a way to trim costs. </p><p>The investment does not come without some controversy. Companies have been heavily criticized for accepting cash from companies tied to the Saudi royal family after the 2018 murder of Jamal Khashoggi, a journalist who was critical of the Saudi government. </p>
YouTube to host 10-day film festival as partners like Cannes, Sundance shutter events<img lazy-loadable="true" src="https://dot.la/media-library/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzE2OTYxNS9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTYxNDE2MzUwMn0.n-gQPRoGIheLvgk0E-UNCETGFtjfgsIixd-_uG8n5LE/image.jpg?width=980" id="8a639" class="rm-shortcode" data-rm-shortcode-id="3c2ba8540495ce223721da527ad6c0d3" data-rm-shortcode-name="rebelmouse-image" />
YouTube<p>YouTube is partnering with 20 of the top oil festivals -- include Cannes, Tribeca, Berlin, Venice and Sundance -- to present a 10-day digital event that will stream awards contenders for free. We Are One: A Global Film Festival will run from May 29-June 7, and feature shorts, documentaries, and panels. The online event launches as most of the world's biggest film festivals, where many of the Academy awards contenders begin picking up traction with critics, have been canceled because of the novel coronavirus pandemic. YouTube, which operates out of a 41,000-square-foot aircraft hanger in Playa Del Ray, plans to use proceeds to benefit the World Health Organization's COVID-19 Solidarity Response Fund and local relief providers. "We are proud to join with our partner festivals to spotlight truly extraordinary films and talent, allowing audiences to experience both the nuances of storytelling from around the world and the artistic personalities of each festival," said Pierre Lescure and Thierry Frémaux of the Cannes Film Festival in a statement.</p>