The performance featured Facebook/Twitter chat integrations so that fans could interact with the band and each other live during the performance. The Foo Fighters' Facebook page incorporated a similar live stream+chat module that's been used in a variety of events over the last year, including CNN's live stream of Barack Obama's inauguration.
"As the Foo Fighters were playing, they were keeping an eye on the stream of Facebook status updates coming in, sometimes responding to comments and taking song requests. This is first time ever that a live concert was produced just for their fans online – it was not just a broadcast of an existing concert/event. The concert attracted more than 150,000 viewers and trended on Twitter (#2, #1 was Halloween), was #1 on Digg and was featured on Facebook Celebs. The event generated a lot of buzz in the music and social media industry."
The integration of live video and interactive chat helps build value on many levels by enabling artists to connect with fans, extend their reach through existing social networks and boost their video marketing, merchandising and promotion efforts. The cost to produce a live event using an online video platform like Livestream is significantly less than traditional broadcast television. Advertising and sponsorship deals will also help generate revenue for artists and music industry along with interactive elements and click-to-buy opportunities. The appeal for bands is obvious as Jason Kincaid noted on Techcrunch:
"Live concert streams seem to be a growing trend for the web’s most popular content and social sites. Last week MySpace streamed their Secret Show Weezer concert in San Francisco. And earlier this week YouTube streamed a U2 concert from the Rose Bowl in Pasadena, CA. The event was a huge success, drawing a reported 10 million streams. YouTube also streamed San Francisco’s Outside Lands music festival in August. Hulu has also gotten in on the action, with a Dave Matthews Band stream May."
"But I have to ask, where is the business model for these shows? The music industry, after all, is well known for its trouble grappling with the shift to digital. It wants to keep charging us for formats we don’t want to buy anymore. Here we are, introducing a whole new category of music product, and there’s been little more than a Google text ad monetizing any one of these examples. Granted, inserting ads into live recordings may be a little bit more complicated than for your standard web video, but when we’re talking 10 million views, it’s time to get a major sponsor, or at least link in real-time to where to buy an MP3 of the song that’s playing. Live concert audiences are an amazing monetization opportunity. Lots of people engaged for long periods of time simultaneously? You couldn’t ask for more."
"I'm cheesy, but this Foo Fighters live on Facebook concert honestly makes me feel like I'm watching the future of music."
"The Foo Fighters’ live show on Friday night came with little fanfare outside of the band’s core fanbase, but it delivered 2 hours and 45 minutes of greatest hits to more than 150,000 viewers around the world. The video drew 440,000 total live streams, with a max of 20,000 at any one time... (more) "
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