![]() Livestreaming business Driift is acquiring technology and sales platform Dreamstage amid a fresh £4 million investment from French streaming service Deezer.ĭreamstage provided the platform for Driift’s global livestream for Little Mix from The O2 in London in May, facilitating sales of over 85,000 tickets worldwide. The fact that virtual concerts ticket sales are expected to generate worldwide up to $2 billion in 2022, and up to around $5 billion annually by 2028 (Source: MIDiA – Jan-2022) strengthens Deezer’s positioning.Driift acquires Dreamstage amid Deezer investment The transaction reinforces Deezer’s commitment to the fast-growing music livestreaming market, which shows continued growth in audience numbers and a clear willingness to pay for quality content and add-ons such as merchandising and virtual meet-and-greets. It is a major cultural shift, and we look forward to bringing an even greater range of live experiences to truly global audiences.” We can now offer a fully integrated livestreaming solution to our partners, with production, promotion and what we see as a market-leading technology and revenue generating platform under one roof. We are delighted to welcome Dreamstage’s hugely talented team of developers, engineers and customer service personnel into the company. “Through Deezer’s investment, we are confident that our upward trajectory will accelerate. Our team has shown a proven ability to innovate, selling hundreds of thousands of tickets and generating millions of dollars in revenues already”. We’ve collaborated with certain of the world’s most talented artists, filmmakers and creators to deliver online events that have been part of the latest redefinition of the livestreaming format. ![]() Over the past two years we have become genuine pioneers in the livestreaming space. Salmon, CEO Driift said, “This is an exciting new chapter for Driift. In May 2022, Dreamstage provided the platform for Driift’s hugely successful global livestream for Little Mix from London’s O2 Arena, selling over 85,000 tickets worldwide. As a result of the business combination and its additional investment, Deezer will become the largest shareholder of Driift.įounded in August 2020 by Ric Salmon and Brian Message of ATC Management, Driift has delivered a succession of premium quality livestreamed events for some of the world’s biggest artists and performers, collaborating with multiple creative and distribution partners, and winning major awards including a BAFTA for “Glastonbury Festival: Live at Worthy Farms” produced in cooperation with BBC Studios. Investing in both businesses in 20, Deezer remained a minority shareholder in Driift, and became a majority shareholder in Dreamstage, before theacquisition. We have full confidence in the Driift team to deliver fantastic results.” Driift has already built an unparalleled reputation for bringing groundbreaking livestreams to music fans all over the world, and we consider that the addition of Dreamstage’s tech and sales platform will take the business to the next level. ![]() Connecting artists and fans through engaging experiences is an essential part of our growth strategy, and adding livestreaming capabilities to our portfolio is a key component to deliver on this ambition. Jeronimo Folgueira, CEO of Deezer said, “As the home of music, this is a milestone moment for Deezer. ![]() With a total investment from Deezer of around $7M this year, Driift has secured enough funds to execute on its business plan and accelerate growth. The combined business will continue under the Driift name as an independent entity, run by CEO Ric Salmon and COO Claire Mas. The acquisition brings together Driift’s award-winning production capabilities with Dreamstage’s best-in-class technology and commerce platform. Driift is acquiring Dreamstage and will be further strengthened by additional investment from Deezer. PARIS (CelebrityAccess) – Deezer, the global music streaming service, announced today (September 30) an exciting new chapter for Driift, a leading UK-based live streaming business. ![]()
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