music industry

music industry

Courtesy of Wave

If video killed the radio star, maybe the metaverse can create a new kind of star.

MTV’s Video Music Awards, airing in August, will introduce the new Best Metaverse Performance category. Nominees include Ariana Grande, Blackpink, BTS, Charli XCX, Justin Bieber and Twenty One Pilots. The new category, which defines a metaverse performance as digital artists performing for a digital crowd within a digital space, shows that the virtual stage has become integral to the music industry.

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Photo courtesy of AmazeVR

Virtual concerts took off in 2020 when the coronavirus forced musicians to cancel or postpone in-person shows. The looming question is whether the tech startups that raised a ton of cash during the pandemic can keep the momentum going as concerts in the real world return.

It may be a while before that question can be definitively answered. But a new deal struck by West Hollywood-based AmazeVR signals that the music industry is still very interested in virtual shows, especially those that take place in the much-hyped metaverse.

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Photo courtesy of Encore

Live performance app Encore, co-founded by rapper Kid Cudi, wants to put concerts in people’s pockets.

The Culver City-based company is among a bunch of virtual concert startups to emerge as the pandemic forced musicians to cancel or postpone in-person shows. But unlike competitors that are producing shows for virtual reality headsets or putting pay-per-view concerts on computers, Encore is betting fans will watch their favorite artists on smartphones. Think of it as a higher quality Instagram Live, with artists performing before augmented reality (AR) backgrounds and video chatting with fans.

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