Los Angeles-based ticketed livestreaming startup Moment House has launched with $1.5 million seed funding.
The seed round was led by Forerunner Ventures and the company has also secured angel investments from Scooter Braun, Troy Carter, Palm Tree Crew Investments (Kygo and Myles Shear), Jess Lee, a partner at Sequoia Capital, Jared Leto, Patreon CEO Jack Conte and more.
Artists earn 100% of the ticket revenue, with Moment House earning a 10% service fee from fans.
The company’s FAQ’s state that it has blanket licenses in place from performing rights organizations (PROs) such as ASCAP and BMI.
Moment House was developed in 2019 at the USC Jimmy Iovine & Dr. Dre Academy.
The company also states that its platform has geofencing capabilities, low latency streaming technology, robust ticketing security, merchandise integrations and global payments support.
To kick off the launch, Moment House is announcing YUNGBLUD’s digital world tour as well as additional Moments by blackbear, KAYTRANADA, Kygo, Denzel Curry, Ruel and others.
A “Moment” is an exclusive ticketed digital live experience on our platform.
“Moment House was founded last year with the vision of creating a new unit of a Moment — an exclusive ticketed digital live experience for core fans,” said Arjun Mehta, Co-Founder & CEO of Moment House.
“The product isn’t a reaction to COVID, there is more to Moment House than just live streaming. We’re taking a first principles approach to crafting the perfect experience for fans.
“We do that by working backwards from the feeling of being a part of something special, no matter where you are in the world.”
“Moment House is empowering artists to deliver digital experiences that feel authentic and compelling.”
Jared Leto added: “Moment House is empowering artists to deliver digital experiences that feel authentic and compelling.
“I was drawn to the unique design-driven approach because that’s what is needed to create a new category here.”
“The thing I miss about playing shows is the individuality of every night.”
YUNGBLUD added: “The thing I miss about playing shows is the individuality of every night.
“The different faces, the different energy, but most of all the different cultures. Our community may be from different parts of the world yet we have similar beliefs, it is incredible. I wanted to do a show for as many cities as I could, playing songs off my new album for the first time.
“This album helped me so much and i wanted to bring it to the fans with all the energy, all the passion, all the love and all the fucking rage that went into it. Just because we can’t touch each other, doesn’t mean we can’t feel each other. I’ll see you in your city.”Music Business Worldwide