The following is an excerpt from the Fame House White Paper, "Owning Your Audience: Building a Direct-to-Fan Strategy in 2016".
Download the complete paper here.
Guest Post by Nick Rizzuto, Senior Marketing Manager @ Fame HouseNot even a decade ago, livestreaming was a luxury solely reserved for giant media entities like the NFL and the Oscars. Early online livestreaming platforms like Justin.TV and Ustream were the first to democratize livestreaming by making it possible for anyone with an internet connection and a webcam. When webcams ceased to be standalone devices and started to become pre-packaged within PCs and laptops, personal (one-to-one) and public (one-to-many) livestreaming became commonplace through platforms like Skype, Twitch, and Google Hangout.Then, just last year, livestreaming became one of the most in-vogue activities on the internet thanks to Meerkat Mania, which was then overthrown by Twitter’s Periscope at breakneck speed. In 2016, Facebook followed suit by rolling out Facebook Live as a standard feature. This new feature is now already on course to become the dominant online livestreaming method due to Facebook’s scaleRegardless of which platforms ultimately reign supreme, the new generation of livestreaming apps — Meerkat, Periscope, and Facebook Live — have given artists the power to interact with their full audience in realtime for the first time ever.The Livestreaming LandscapeNaturally, an artist’s first instinct in embracing these tools is to bring their music and performances directly to fans in realtime. Some artists have used these tools to peel back the curtain and bring fans into the creative process, and many other artists have used them to hold intimate and personal fireside discussions with their fans. Still, others have taken a craftier approach by using livestreaming as a promotional tool to push their latest single, t-shirt, or tour. Facebook Live is especially beneficial as a promotional tool for artists because it notifies your entire fanbase on the platform when you “go live”, allowing artists to nudge your entire audience to tune in.Beyond enabling artists to simply interact with or promote to their audience, however, the mainstream tools currently available fall short of allowing artists to build and monetize their audience while owning the relationship with their fans. Despite the amazing capabilities that Facebook Live and Twitter’s Periscope have provided to artists, the shortcomings of these platforms lie in the fact that they don’t allow artists to own and customize the livestreaming experience.For example, artists can’t easily direct viewers to outside links to purchase merchandise or tickets within the stream. They can’t embed streams within their digital fan club, or gate the stream exclusively to members of their fan club. They can’t collect any information from the fans that have tuned in live, and therefore don’t have the ability to interact with them after the one-time livestream event. Furthermore, they can’t download archived replays of their livestream and upload it anywhere they want (ie, YouTube, Vimeo, or their website) for posterity. (It is because of these missing features that I disagree that an artist’s time is best spent on platforms like Twitch.Through Huzza and comparable platforms, artists now have unprecedented superpowers to intimately interact with and promote to their fans while owning the streaming experience. While tools like Periscope and Facebook Live are immensely helpful for reaching the maximum amount of people, customizable streams like those described above are much more effective in converting viewers into purchasers (in the short term) and lifelong fans (in the long term).
Today, one possible application of this technology could include independently run web-athons (think telethons except livestreaming online), where artists band together to perform and raise donations for a shared cause. Another could be to premiere a new music video directly to their fan club, or launch a new line of merchandise or ticket pre-order that is only available to the fans within the stream. Artists could also hold online album listening parties limited to a certain number of attendants, and securely hide the stream once it is over, allowing fans to discuss new music as they’re hearing it for the first time together. Imagine pre-ordering an album from your favorite artist and receiving an invitation to an exclusive listening party prior to the album’s release.Looking into the near future, this technology could also be used to create livestreamed subscription series, bringing artists closer to the ability to create the equivalent of their own TV programming. The instant connection provided by livestreaming combined with this ability to customize the viewing platform should enable artists to create their own unique and premium experiences, thereby empowering them to take ownership back into their own hands and away from the hands of the giant social media platforms.