Dave Stewart’s RARE Entity Invests in Livestreaming Platform Lounges.tv

RARE Entity, the venture group founded by Eurythmics guitarist Dave Stewart, has acquired a strategic stake in livestreaming platform Lounges.tv.

What it means:

• The partnership aims to expand access to live entertainment through premium livestreaming, enhanced fan engagement experiences, and monetization tools that enable artists to earn revenue from live and on-demand content.

• Lounges.tv says it gives creators 80% of their streaming income, delivering payouts within 24 hours.

Backstory:

• Lounges.tv was founded in 2020 by Scott Green.

• Its backers include Simon Cowell, BBC iPlayer creator Ben Lavender, and Prince’s former manager Kiran Sharma, as per Music Business Worldwide.

• It operates across the music, entertainment, comedy, fitness, podcasting and digital culture fields.

What they said:

• Dave Stewart, Co-Founder of RARE Entity: “Live music and live experiences have become inaccessible for too many people. Ticket prices continue to rise, venues sell out instantly, and incredible fans around the world are excluded from moments they care deeply about. What excites us about Lounges.tv is that it expands access without compromising the experience. Artists can reach global audiences directly, create new revenue streams, and retain more control over their work and their communities.”