Spotify is Making Moves to Start Live Streaming Festivals
Bloomberg reports that the major streaming platform is approaching concert promoters about the matter
Spotify might be the next destination to watch your favorite festivals from afar. According to Bloomberg, the streaming service is in talks with different promoters about adding festival live streams to its platform.
The details:
Spotify has already added some live concerts to its platform, including this performance by Dua Lipa in Mexico City.
The report did not mention which concert promoters Spotify is targeting, but it recently announced a partnership with Live Nation.
Live Nation oversees some of the biggest festivals in the US, including Lollapalooza, EDC Las Vegas, and Austin City Limits.
This partnership is centered on the new feature, Reserved, which allows Spotify to reserve tickets for Premium subscribers who listen to certain artists the most.
Live Nation events Lollapalooza and Bonnaroo currently have streaming deals with Hulu and Disney+.
👋 Disclosures & Transparency Block
This article was written with information sourced from Music Business Worldwide via Bloomberg.
We covered it because Spotify streaming festivals will be a big step towards its ubiquity in the music industry.
