RARE Entity, the venture group co-founded by Eurythmics’ Dave Stewart, takes stake in Simon Cowell-backed livestreaming platform Lounges.tv
Summary
RARE Entity has taken a strategic stake in Lounges.tv and will become an active partner and shareholder in the livestreaming platform. The deal deepens the group’s involvement in a creator economy business backed by Simon Cowell. Lounges.tv helps artists and rightsholders monetize live and on-demand content through pay-per-view, tipping, subscriptions, and fan engagement tools. The partnership will focus on expanding premium livestreaming, direct-to-fan engagement, and new monetization formats for creators.
Classifications
industries
Entertainment
applications
ERP & Process Management
AskAI Classifications
Labels
SaaS
Video Streaming Software
Creator Economy Software
Linked Companies
Lounges
$1M to $5M