Deezer, a Paris-based music streaming service, recently made a significant investment in DREAMSTAGE in a symbiotic deal that will fuel both companies' growth.
DREAMSTAGE, a ticketed live music streaming platform launched in the spring of 2020, has plans to reverse this fate and to even go as far as transforming the traditional live music business model for years to come.
Now, the startup has caught the attention of the Paris-based music streaming service Deezer, which houses a catalog of 73 million tracks, including content from major record labels like Universal Music Group and Warner Music Group.
"Even when live concerts start again, live streaming will become a natural addition to live shows," Albrecht wrote.
The live music streaming industry is expected to generate $6.4 billion by 2027, according to MIDiA Research.