FDBL - Friendable Inc.'s (FDBL) Fan Pass Offering More Resources as New Artists Enter Live Streaming Industry
- The live streaming music industry is expected to reach $76.9 billion by 2027
- The current customer reach is documented at 42.7 million, a year-over-year rise of close to 50%
- Fan Pass provides various streams of revenue for artists by giving them a virtual stage where they can earn on live event ticket sales, video content views, merchandise sales, and artist contests.
- The first anniversary (July 24, 2021) will be the release of the new 2.0 version of the platform
The global live streaming music industry has increased significantly in the last year and is expected to continue with an upward growth trend in the coming years, as demand continues to grow, and more platforms emerge in the market. The industry was valued at $20.9 billion in 2019 and $24.4 billion in 2020. The expectation is that the market will reach $76.9 billion by 2027, growing at a CAGR of 17.8% during the forecast period (2020-2027). Due primarily to the pandemic, the number of customers who pay for online music has reached 42.7 million, a year-over-year rise of nearly 50% (https://ibn.fm/HdfUV).
Mobile technology and marketing company Friendable (OTC: FDBL) and its proprietary Fan Pass platform are disrupting the live streaming industry, changing how fans view their favorite artists – online and eventually in-person. For almost a year, Fan Pass has been turning the live streaming...
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