Due to COVID-19, Twitch, the streaming site popular with gamers is beginning to have a new constituency: Musicians. “50% of millennial males in America use Twitch. If you want to reach millennial males (which odds are, you do) Twitch is a good place to do it.” But now that musicians are using the platform more, Twitch may draw in more than just the male/18-34 demo.
From The Verge:
Mark Rebillet is part of a fast-growing community of musicians who are migrating to digital platforms to perform “quaranstreams” during the pandemic. Many larger artists, like Charli XCX, John Legend, and Diplo are choosing Instagram, but indie artists are overwhelmingly flocking to Twitch.
There’s one likely reason: while Instagram is an easy option to reach lots of people en masse, Twitch offers an abundance of ways to make money. “It’s more financially focused,” says musician and longtime Twitch streamer Ducky. “It supports different tiers of subscriptions and donations. People can subscribe to a channel for free with their Amazon Prime account. Fans can tip in micro amounts with things like Cheers. Other platforms usually just pay out on ad revenue or number of plays.”
Will the interactivity of live-streamed performances be enough to draw a crowd comparable to what an artist might draw on tour? It might not matter, because musicians have multiple revenue streams that are compatible with the Twitch platform. The vibe of a live show will never be captured via Twitch, but live-streaming shows may be a bigger part of the future of music due to covid.
Why it’s hot:
Artists might end up making more money
1) Because they can now reach a worldwide audience all at once, and eschew the high costs of touring, including the cuts venues and ticket vendors take on ticket sales.
2) Because of the ease of “tipping” on Twitch, audiences may end up paying their favorite artists more than they would for a ticket to a concert.
Musicians streaming on Twitch may offer brands a new way-in to the platform.
Aside from going the gamer route, brands may want to get in front of viewers watching a concert in real time. What kind of interesting interactive activation could brands do that would not undermine the musicians credibility?
Source: The Verge