4 years ago

Lounges.tv Surpasses Crowdfunding Target of £950K in 48 Hours

  • Lounges.tv, a London-based entertainment startup, has surpassed its crowdfunding target of £950,000 within 48 hours of launch

  • The platform, which promises to pay content creators 80 percent of stream revenue, is designed to disrupt conventional streaming models based on advertising share

  • The crowdfunding campaign, which is live on Crowdcube, will officially close by 20 October, 2021

  • Lounges.tv is slated to be launched in early 2022 with the best in breed technology.

      • ProblemTechnology

      "The current streaming model is unfair to content creators, who receive only a small percentage of revenue from streaming giants. This makes it difficult for creators to make a living from their work."

      Solution

      "Lounges.tv is a pay-per-view live streaming platform that pays content creators 80% of stream revenue within 24 hours. This allows creators to earn a fair income from their work and gives audiences more control over the content they consume."

      Covered on