The technology has already been proven through several Big Hit concerts last year. VenewLive aims to use cutting-edge technology to deliver artists’ unique content in the best way possible, and to provide a revolutionary concert experience for fans. VenewLive offers some of the most creative and memorable opportunities for today’s artists to globalize their art and performances, tailored to enhance the community and fan-experience.” “This past year has shown that the need for reliable and innovative live-streaming has never been greater.
“We are delighted to join Big Hit, YG and Kiswe as partners in KBYK as we look to help further evolve the opportunities and live streaming experiences for UMG artists and their fans today, and into the future,” said UMG Chief Financial Officer and President of Operations Boyd Muir. “We are excited about this investment as our company with many artists competitive on the global stage has secured a high quality platform with leading technologies,” said YG Entertainment Chief Operating Officer Choi Sung-jun. Universal Music Group is one of the three biggest music companies in the world, with top artists such as Lady Gaga, Taylor Swift and Maroon 5. With YG and UMG joining VenewLive, the platform now has both high-quality content - performances by top artists - and cutting-edge technology such as multi-view livestreaming. KBYK Live created digital livestreaming concert service platform VenewLive last year, to much success, emphasizing the use of cutting-edge technology.
YG Entertainment and Universal Music Group announced Wednesday that they had invested an undisclosed amount in KBYK Live, a joint venture founded last year by Big Hit Entertainment and Kiswe. YG Entertainment and Universal Music Group have joined hands with Big Hit Entertainment and Kiswe to grow VenewLive into a global-scale digital livestreaming platform.
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