Why Has Driift Been So Successful?
Driift is a brand new live streaming platform founded by ATC Management earlier this year and has gained great success within the music industry. Moreover, they have live streamed performances from Nick Cave, Dermot Kennedy, Biffy Clyro and Laura Marling over the past few months and are currently working on expanding further to the Australia and New Zealand music markets (Iâm hoping Tash Sultana will have one!).Â
Driift states on their website (below) that they have generated over 100,000 ticket sales from 92 different countries which, in my opinion, is unbelievable, considering they only launched earlier this year! (I believe that their first streamed performance was in June 2020!)Â
On July 30th 2020, Kennedy, streamed from The Natural History Museum. Billboard states in an article about Driift (below) that Dermot Kennedy played to around 30,200 people and generated â$511,000 gross income.â Furthermore, some interesting data that the Billboard article presents is that Dermotâs âglobal livestream grosses were between 3.5-4.5 the average gross from their most recent tours, while the livestream attendance tally was 6.8 x5 the average count.â That is insane! They go on to say that from eight live shows Kennedy did last year he only generated 32,000 tickets... one show he did online gave him 30,000.Â
After looking at this data it leaves me with many new and unanswered questions about the future of the live music industry.Â
Will live performances permanently move into the digital world because it seems the most efficient way of maximising profit? Also it is an effective way to deal with environmental issues that live performances create through touring.Â
I guess will have to wait and see.Â
1. Driift Website:Â https://driift.live/Â
2. Driift Launches Ticketed Livestreams With Career-High Grosses for Dermot Kennedy, Lianne La Havas, and More:Â