Moment House is a Los Angeles-based livestreaming startup that’s gaining traction building an audience.
However, CEO Arjun Mehta does not see it simply as a livestreaming service.
He wants the experience to be something that both creators and fans will cherish for a lifetime.
Forerunner Ventures led a $12 million Series A funding round. The company now has the potential to grow into other entertainment and events.
This includes moving into comedy and other genres of music that haven’t had much representation in livestreams.
Ticketing
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Moment House is a livestreaming platform that helps artists offer special, global events to their fans.
It has hosted ticketed virtual concerts by Halsey, Tame Impala and others and processes over 1 million tickets in 168 countries and 44 territories.
A recent funding round brought in investors including Scooter Braun, Troy Carter and Jared Leto, among others.
Participating artists earn revenue through a mix of ticket sales and exclusive merchandise. Tips from the audience are also a part of their income.
Moment House was founded in 2019. Moment House offers “Moments”, a platform for musicians and their followers.
It has processed over 1,000,000 tickets and hosted cross-genre, ticketed online events for artists like Halsey (pictured), Tame Impala, Kygo, Kaytranada.
Moment House is also working to create new tools that will allow fans to connect with performers following the event.
They include chatrooms that are smaller and based on sub-interest or location, as well as Clubhouse-like rooms for fans to talk live during streaming.
Merchandise
Moment House, a social media platform that allows artists to share geo-fenced live events with their fans worldwide, is self-described as “social livemedia platform”.
Founded in 2019 from the Jimmy Iovine and Dre Academy for Innovation at USC, it has secured $12 million in Series A funding to help it grow its roster of artists.
Los Angeles-based startup, Metaverse, aims to become a key part of this shared digital space in which avatars interact with humans.
The startup is backed by Silicon Valley heavyweights like Troy Carter, Scooter Braun and Jack Conte, Patreon CEO Jack Conte, and Kygo’s Palm Tree Crew Investments.
Moment House partners with artists to give them 100% of their ticket and merchandise sales. Moment House also offers meet-and-greet and afterparty upgrades.
They are allowed to make money by selling tickets and merch. Moment House charges a 10% fee.
It has sold more than 1,000,000 tickets in 168 countries, 44 territories and works with artists such as Tame Impala and St. Vincent.
Streaming
Moment House has launched a live streaming platform that connects artists and creators across music, comedy and podcasts with their core fans.
It offers revenue-optimized streaming with add-ons like digital Meet & Greets and Afterparty upgrades.
Already, the platform has sold over 1,000,000 tickets to “moments”, which have featured Justin Bieber, Yungblud and Halsey.
The platform allows creators the freedom to determine their ticket prices, retain 100% of their revenues and charge a 10% service fee for operating costs.
Artists can also monetize their stream with merchandise and other add-ons. Unlike many ticketing companies, Moment House is uniquely artist-friendly.
Forerunner Ventures and IDEO led a funding round of $12 million for the platform. The money will be used to grow its platform and expand into other types of events.
Louis The Child is one of its current customers. He streamed his concert last month on the platform.
The company also has a number of features that help fans interact with each other during live streams, including Clubhouse-like call rooms and breakout chatrooms based on location or sub interest.
The Community
Moment House hosts livestreams that are ticketed and feature masterclasses, concerts, and performances by musicians from around the globe.
It was launched in October with $1.5 million in seed funding from Scooter Braun, Troy Carter and others.
It has worked with many artists, including Halsey, Bryson Tiller and Aurora. Artists can also use the startup’s social media platforms to interact with their fans.
Founded by Arjun Mehta, Nigel Egrari and Shray Bansal, the company is redefining the virtual experience.
The company brings together artist communities for ticketsed and social events, called “Moments”.
During a Moment, fans can chat with other viewers, interact with performers and even participate in Q&As or VIP meet-and-greets post-performance.
PubNub is used by the company to scale its in-app chat. It can support any number of users concurrently and supports audiences of all sizes.
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