Concert Webcasting Startup Rallies $3 Million

A number of investors are wary of music-related startups, thanks to an incredibly high level of industry disruptiveness.

Others see opportunity in that murkiness, and that is fueling a number of adventurous startups.

Just recently, a number of investors chipped $3 million into DeepRockDrive, a startup specialized in live concert streaming.  The platform allows bands to perform in a studio, and webcast the action to a globally-diverse audience.  The virtual performance concept enhances the immense fan-building opportunities that the internet offers, and lowers costs related to extensive tours.  “We’re definitely pushing the envelope of what live content can feel like on the internet, while beaming community feedback instantly into our live high-definition studio in Las Vegas,” said company CTO Jeff Henshaw.

Other investors in the circle include Launch founder David Goldberg, Danny Socolof, and Bill Curbishley.

Story by publisher Paul Resnikoff in Las Vegas.