Short Summary
YouBeNow is a digital media entertainment company based in Montreal, Quebec. We provide a multi-service content production and delivery solution for broadcasting true live virtual events in high-definition video and sound.
Our platform enables collaboration among artists, producers, and venues to create, promote, produce, and monetize live digital content globally and merchandise it.
We at YouBeNow have developed three integrated solutions: an Event Production Platform, an Event Management Hub, and an interactive audience Access Portal.
Our platform is unique in that it provides fully integrated different-level monetization (difference-level ticket sales and marketing), audience engagement, live interaction, and end-to-end streaming security. In addition, we have implemented unique transmitting technology to ensure the highest content quilt.
Our business model is democratic, ensuring revenue is shared equally among three key partners. The venue provides the production facility at no cost, the artist or manager offers live content at no cost, and YouBeNow delivers the platform for broadcasting, marketing, and monetizing tickets at no cost. After covering payment processing fees, we divide the gross revenue equally among the three parties.
Business
In today's TikTok and YouTube worlds, every artist has an opportunity to showcase their talents, generate revenue, and build their follower base. While many artists are utilizing these platforms, only a handful are achieving significant success. Why? The primary reasons include the need for consistent, high-quality content, effective engagement with their audience, strategic use of platform algorithms, and access to resources for professional production and marketing. Additionally, successful artists often leverage collaborations, cross-promotions, and data-driven insights to maximize their reach and impact.
YouBeNow is dedicated to revolutionizing the performing arts community by offering tools and services for community building, affordable marketing, and producing and broadcasting live virtual events. Our platform engages audiences in real-time, fostering a larger, more connected community and supporting artists in similar groups. This is especially beneficial for emerging virtual performers, providing them with valuable exposure and experience before transitioning to location-based events.
Market and Market Size
YouBeNow targets several market segments:
- Audiences: Young adults (18-24), adults (25-37), middle-aged individuals (38-45) and old aged over (Over 45) who participate in virtual concerts.
- Venue Owners: Small-to-medium-sized venues looking to monetize their spaces through virtual events, attracting the above audience segments.
- Artists/Promoters: Mid-tier artists and promoters with a social media following of 1,000 to 50,000 followers.
The live virtual events market has grown significantly, driven by the increased need for remote engagement during the global pandemic. This has resulted in a substantial market size, offering ample opportunities for growth and revenue generation.
Progress/Proof
YouBeNow has made significant progress since its inception in early 2020 to 2023:
- Injected over $80K in initial capital and 8,000 person-hours of sweat equity.
- Developed and launched a proprietary broadcast platform.
- Successfully launched YouBeNow.com.
- Broadcasted more than 12 live virtual events with live chats.
- Broadcasted more than 2 live virtual events with live chats from multiple locations. Where MC was in a different city while the band was in another city
- Demonstrated effective event monetization and settlement processes.
YouBeNow is currently working on
· setting up permanent YBN studio locations in CUBA and NASHVILLE
· We are building a Video-to-Video AI platform for artists to leverage AI for marketing and promotional content creation. This AI tool will enable bands and artists to produce short promotional videos tailored for YouTube, TikTok, Instagram, and Facebook. A demo of this innovative platform will be ready by the end of next week.
· Lastly, we are developing a professional network dedicated to the entertainment industry. This network will feature dedicated sub-communities for specific careers and roles within the sector, such as artists, producers, venues, investors, technical staff, and more. These sub-communities will provide opportunities for members to connect, collaborate, and engage in various professional activities, fostering a vibrant and supportive ecosystem.
What We Are Asking
USD 500K for Studio Setup and Artist Engagement: We seek USD 500K in investment or long-term financing to establish 10 YBN studios and engage well-known artists to perform in these studios. The first two studios will be set up in Cuba and Nashville, followed by locations in Florida, LA, Montreal, New York, and other key cities.
USD 500K for AI Development: We request USD 500K to support the research and development of an AI model and tool that will enable bands and artists to produce short promotional videos for YouTube, TikTok, Instagram, and Facebook. We have been working on the proof of concept, and a demo will be ready by July 20, 2024.
USD 300K for Entertainment Professional Network: Finally, we are looking for USD 300K to implement a professional network dedicated to the entertainment industry. This network will feature dedicated sub-communities for specific careers and roles within the sector, such as artists, producers, venues, investors, technical staff, and more. These sub-communities will provide opportunities for members to connect, collaborate, and engage in various professional activities, fostering a vibrant and supportive ecosystem.