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Lounges.tv

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uuid0009o7g

Namestring
Lounges.tv
Legal namestring
Lounges.tv
Websiteurl
lounges.tv
Company typeenum
Private
Founded yearint
2020
Descriptiontext

Lounges.tv is a UK-headquartered, cloud-based pay-per-view live streaming and entertainment platform that enables creators and venues to monetize live performances and recorded content via integrated ticketing, payments, and interactive viewer features (chat, tips, reactions). Founded in 2020 and operating as a private company with 11-50 employees, the platform delivers content through a Next.js web application, native iOS and Android applications (app id 'tv.lounges.app'), and AWS CloudFront media infrastructure (d2v7ljyadhx8m2.cloudfront.net), supporting an on-demand library of 215+ pages alongside recurring live events.

The product portfolio centers on Live Streaming and Video On-Demand as core offerings, complemented by One-to-One virtual meet-and-greets, a 'Live from The Venue' plug-and-play hybrid event product for venue operators and promoters, a Showcase creator competition platform, and a Subscriptions feature for recurring revenue. Content verticals explicitly supported on the homepage include music, PPV sports (boxing, MMA, rugby league), comedy, podcasts, fitness, food, short films, documentaries, education, gaming, magic, handcrafts, tattoos, and charity. Named enterprise examples include Jamiroquai (O2 Arena), The Who (Royal Albert Hall, Teenage Cancer Trust), Skunk Anansie and Embrace (The Piece Hall), Sarkodie (Rapperholic London), Professor Brian Cox, Stormzy, Headie One, Purple Disco Machine, and the Staying Relevant podcast, with venue partners including O2 Arena, Royal Albert Hall, The Piece Hall, The Shard, The Forge, and the Lower Third, and promoter/sponsorship partners including Cuffe and Taylor and TK Maxx.

The business model is transaction-based: creators sign up free, set their own ticket prices (typically £3-£12, occasionally up to £15 or free), and the platform retains a 20% commission while creators keep 80% of ticket revenue, with payouts delivered within 24 hours. Revenue is also generated through one-to-one experience bookings (e.g., Marco Pierre White, Omid Djalili, Professor Green) and viewer tips. Go-to-market combines product-led self-serve creator onboarding with enterprise-style venue and promoter integrations, backed by Simon Cowell as a strategic investor and endorser. Press coverage includes Metro, The Sunday Times, The Times, Music Ally, Music Business Worldwide, Yahoo Finance, and T3, and leadership consists of CEO Scott Green and Chief Product Officer Craig Gardner.

Short descriptiontext

Lounges.tv is a UK-based pay-per-view live streaming platform enabling creators to monetize live performances through ticketed events on an 80/20 revenue split. It serves independent musicians, comedians, sports promoters, and venue partners such as O2 Arena and Royal Albert Hall.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersLondon, United Kingdom
HQ citystring
London
HQ countrystring
United Kingdom
HQ regionstring
Europe
Markets served

Serves global market

Keyword5 values
live streaming platform, pay-per-view streaming, creator monetization tools, video on-demand service, live event ticketing
Industry3 codes
1Gaming-Focused Live Streaming Platforms
CodeMPACACABPrimaryYes
2Pay-TV Value-Added Services (DVR, VOD, TV Everywhere, Apps)
CodeMPABAGAGPrimaryNo
3Performing Arts Centers & Presenters (Programming/Booking)
CodeMPAGABAMPrimaryNo
NAICS code2 codes
  • Performing Arts Companies7111
  • Arts, Entertainment, and Recreation71
SIC code3 codes
  • Cable & Other Pay Television Services4841
  • Services-Amusement & Recreation Services7900
  • Television Broadcasting Stations4833
Product category
Live Streaming Platform
Social media profiles1 record
GTM motion3 records

Each record includes

Type, Description, Source

Revenue model3 records
1Ticket Sales / Pay-Per-View
TypeTransaction Fee
Description

Creators sell tickets to live streams and on-demand content. Prices range from free to £15+. Platform takes 20% commission, creators receive 80% revenue share.

lounges.tv
2One-to-One Experiences
TypeTransaction Fee
Description

Virtual meet-and-greet experiences where fans book time with celebrities and creators. Creators set their own pricing.

lounges.tv
3Tips and Donations
TypeTransaction Fee
Description

Viewers can tip creators during live streams as additional revenue support.

lounges.tv
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels5 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Pricing details3 tiers
1Free to use platform with 80/20 revenue split
ModelTransaction based/ take rateBilling cadencePay-as-you-go
Notes

Creators keep 80% of ticket revenue. No upfront fees. Free to create account and start streaming.

lounges.tv
2Live Streams - Price range £0 to £15+
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Free events available. Most events priced £3-£12. Premium events (major artists, large venues) command higher prices up to £15.

lounges.tv
3One-to-One Meet & Greets - Variable pricing
ModelUnit PricingBilling cadencePay-as-you-go
Notes

Celebrity one-to-ones available with various price points. Examples include Marco Pierre White, Omid Djalili, Professor Green.

lounges.tv
GTM typeB2B and B2C
B2B and B2C
Offering typeDigital Commerce or Conte…
Digital Commerce or Content
Core offering1 text field

Lounges.tv is a pay-per-view live streaming platform that enables creators to monetize live performances and on-demand video content through ticket sales. The platform retains a 20% commission while creators keep 80% of revenue, with payouts delivered within 24 hours of streaming. It supports live streams, video-on-demand, one-to-one creator-fan meet-and-greets, and a dedicated "Live from the Venue" plug-and-play product for hybrid events at concert venues.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Staying Relevant podcast event achieved 10K+ concurrent viewers during live stream from O2 Arena
+2 more records
Product overview1 text field

Lounges.tv is a live streaming and entertainment platform offering a unified product portfolio centered on live event streaming and video-on-demand. The core platform comprises Live Streaming and Video On-Demand as primary offerings, complemented by One to Ones for personalized creator-fan interactions and Live from The Venue for professional venue integrations. Content verticals span specialized categories including Boxing, MMA, Comedy, and Rugby live events. The platform supports creators with Subscriptions for recurring revenue and Showcase for competitive events. Lounges.tv operates on a free-to-use model with an 80/20 revenue split (creators receiving 80%) and offers next-day payouts to creators.

Product and service1 record
1Live Streaming
Scale indicator3 records

Each record includes

Type, Value, Description, Source

Partnership9 partners
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Major UK concert venue serving as streaming location for high-profile events including Jamiroquai's live tour and the Staying Relevant podcast live event from O2.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Prestigious London concert venue hosting The Who's Tommy live screening and Q&A for Teenage Cancer Trust.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Historic Halifax venue hosting major summer concert series including Skunk Anansie, Embrace, and Nile Rodgers & CHIC live streams.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Premium London venue location used for exclusive artist performances and streaming events.

Strategic tierCoreTypeGTM or Marketing Partner
Description

Major retailer sponsoring live concert events including Skunk Anansie and Embrace live at The Piece Hall.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Independent London music venue hosting regular live sessions and performances for emerging artists.

7The Lower Third London
Strategic tierMinorTypeStrategic or Co-development Partner
Description

London music venue and recording studio hosting live streams and performances from artists like Nate James.

lounges.tv
Strategic tierCoreTypeChannel Partner/ Reseller/ Distributor
Description

Concert promoter producing major venue events including TK Maxx presents series at The Piece Hall.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Sports organization streaming regular matches including internationals against England and student fixtures.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Moment House provides ticketed live-stream events for artists and creators across music, wellness, and culture — a near-twin of Lounges.tv's PPV creator-event model.

TypeRegional player
Description

Eventbrite is primarily a ticketing platform with some live-stream capability; relevant as a competitor for ticketed live events and creator-led ticketing use cases also served by Lounges.tv.

TypeBroad incumbent
Description

Twitch is the largest dedicated live streaming platform, offering creators revenue share on subscriptions, ads, and bits. While broader in scope (and gaming-rooted), Twitch competes directly for live-streaming creator mindshare and viewer attention with Lounges.tv.

TypeDirect peer
Description

Uscreen is a video monetization platform for creators offering subscriptions, PPV, and live streaming — direct functional overlap with Lounges.tv's ticketing and 80/20 revenue split model.

TypeBroad incumbent
Description

YouTube Live streams concerts, sports, and creator events, including premium ticketed live content, with unmatched distribution and creator payouts — competing with Lounges.tv for both creators and live-audience share.

TypeDirect peer
Description

Veeps is a live concert streaming PPV platform enabling artists to sell tickets to virtual shows, directly competing with Lounges.tv's ticket-priced live music streaming model.

7DICE
TypeDirect peer
Description

DICE combines live event ticketing with streaming for music, comedy, and nightlife, and serves the same UK creator/fan audience that Lounges.tv targets, including venue integrations.

TypeDirect peer
Description

Vimeo OTT / Livestream offers live event streaming and monetization tools for creators and enterprises — directly comparable to Lounges.tv's live streaming and ticketing SaaS features.

TypeDirect peer
Description

Mandolin (formerly Patronbase) operates a live concert and event streaming platform with ticketed experiences, an overlapping offering to Lounges.tv's music PPV streaming.

TypeBroad incumbent
Description

TikTok Live extends the social platform with creator live streaming and tipping, competing for creator monetization and audience share, particularly among music, fitness, and entertainment creators.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers12 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment9 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature5 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors2 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Lounges.tv

Live Streaming Platformlounges.tv

Lounges.tv is a UK-based pay-per-view live streaming platform enabling creators to monetize live performances through ticketed events on an 80/20 revenue split. It serves independent musicians, comedians, sports promoters, and venue partners such as O2 Arena and Royal Albert Hall.

What Lounges.tv does

Lounges.tv is a UK-headquartered, cloud-based pay-per-view live streaming and entertainment platform that enables creators and venues to monetize live performances and recorded content via integrated ticketing, payments, and interactive viewer features (chat, tips, reactions). Founded in 2020 and operating as a private company with 11-50 employees, the platform delivers content through a Next.js web application, native iOS and Android applications (app id 'tv.lounges.app'), and AWS CloudFront media infrastructure (d2v7ljyadhx8m2.cloudfront.net), supporting an on-demand library of 215+ pages alongside recurring live events.

The product portfolio centers on Live Streaming and Video On-Demand as core offerings, complemented by One-to-One virtual meet-and-greets, a 'Live from The Venue' plug-and-play hybrid event product for venue operators and promoters, a Showcase creator competition platform, and a Subscriptions feature for recurring revenue. Content verticals explicitly supported on the homepage include music, PPV sports (boxing, MMA, rugby league), comedy, podcasts, fitness, food, short films, documentaries, education, gaming, magic, handcrafts, tattoos, and charity. Named enterprise examples include Jamiroquai (O2 Arena), The Who (Royal Albert Hall, Teenage Cancer Trust), Skunk Anansie and Embrace (The Piece Hall), Sarkodie (Rapperholic London), Professor Brian Cox, Stormzy, Headie One, Purple Disco Machine, and the Staying Relevant podcast, with venue partners including O2 Arena, Royal Albert Hall, The Piece Hall, The Shard, The Forge, and the Lower Third, and promoter/sponsorship partners including Cuffe and Taylor and TK Maxx.

The business model is transaction-based: creators sign up free, set their own ticket prices (typically £3-£12, occasionally up to £15 or free), and the platform retains a 20% commission while creators keep 80% of ticket revenue, with payouts delivered within 24 hours. Revenue is also generated through one-to-one experience bookings (e.g., Marco Pierre White, Omid Djalili, Professor Green) and viewer tips. Go-to-market combines product-led self-serve creator onboarding with enterprise-style venue and promoter integrations, backed by Simon Cowell as a strategic investor and endorser. Press coverage includes Metro, The Sunday Times, The Times, Music Ally, Music Business Worldwide, Yahoo Finance, and T3, and leadership consists of CEO Scott Green and Chief Product Officer Craig Gardner.

Lounges.tv firmographics

Firmographics
Name
Lounges.tv
Legal name
Lounges.tv
Website
https://lounges.tv
Company type
Private
Founded year
2020
Operating status
Operating
Headcount range
11–50 employees
Short description
Lounges.tv is a UK-based pay-per-view live streaming platform enabling creators to monetize live performances through ticketed events on an 80/20 revenue split. It serves independent musicians, comedians, sports promoters, and venue partners such as O2 Arena and Royal Albert Hall.
Ownership category
akta.pro rank

Lounges.tv industry classification

Industry
Product category
Live Streaming Platform
NAICS
Performing Arts Companies (7111), Arts, Entertainment, and Recreation (71)
SIC
Cable & Other Pay Television Services (4841), Services-Amusement & Recreation Services (7900), Television Broadcasting Stations (4833)
akta.pro primary industry
Gaming-Focused Live Streaming Platforms (MPACACAB)
akta.pro secondary industries
Pay-TV Value-Added Services (DVR, VOD, TV Everywhere, Apps) (MPABAGAG), Performing Arts Centers & Presenters (Programming/Booking) (MPAGABAM)

Keywords

  • Live streaming platform
  • Pay-per-view streaming
  • Creator monetization tools
  • Video on-demand service
  • Live event ticketing

Where Lounges.tv is headquartered

Location

Headquarters

HQ city
London
HQ country
United Kingdom
HQ region
Europe

Markets served

Lounges.tv business model

Business model
GTM type
B2B and B2C
Offering type
Digital Commerce or Content
Cost components
Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

  1. Ticket Sales / Pay-Per-View: Creators sell tickets to live streams and on-demand content. Prices range from free to £15+. Platform takes 20% commission, creators receive 80% revenue share.
  2. One-to-One Experiences: Virtual meet-and-greet experiences where fans book time with celebrities and creators. Creators set their own pricing.
  3. Tips and Donations: Viewers can tip creators during live streams as additional revenue support.

Pricing tiers

ModelBillingPrice
Transaction based/ take ratePay-as-you-goFree to use platform with 80/20 revenue split
Unit PricingPay-as-you-goLive Streams - Price range £0 to £15+
Unit PricingPay-as-you-goOne-to-One Meet & Greets - Variable pricing

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Lounges.tv product offering

Product offering

Core offering

Lounges.tv is a pay-per-view live streaming platform that enables creators to monetize live performances and on-demand video content through ticket sales. The platform retains a 20% commission while creators keep 80% of revenue, with payouts delivered within 24 hours of streaming. It supports live streams, video-on-demand, one-to-one creator-fan meet-and-greets, and a dedicated "Live from the Venue" plug-and-play product for hybrid events at concert venues.

Product overview

Lounges.tv is a live streaming and entertainment platform offering a unified product portfolio centered on live event streaming and video-on-demand. The core platform comprises Live Streaming and Video On-Demand as primary offerings, complemented by One to Ones for personalized creator-fan interactions and Live from The Venue for professional venue integrations. Content verticals span specialized categories including Boxing, MMA, Comedy, and Rugby live events. The platform supports creators with Subscriptions for recurring revenue and Showcase for competitive events. Lounges.tv operates on a free-to-use model with an 80/20 revenue split (creators receiving 80%) and offers next-day payouts to creators.

Differentiator

Problem solved

Functional benefit

Products and services

  • Live Streaming

Quantifiable outcome

  • Staying Relevant podcast event achieved 10K+ concurrent viewers during live stream from O2 Arena
  • +2 more outcomes

Companies that use Lounges.tv

Customer profile

Named customers12 records

Segments9 records

Ideal customer profiles4 records

Lounges.tv technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature5 records

Lounges.tv partnerships and signals

Strategic signal

Partnerships

Nine partnerships are on record, tiered core and minor.

  • O2 ArenacoreStrategic or Co-development PartnerMajor UK concert venue serving as streaming location for high-profile events including Jamiroquai's live tour and the Staying Relevant podcast live event from O2.
  • Royal Albert HallcoreStrategic or Co-development PartnerPrestigious London concert venue hosting The Who's Tommy live screening and Q&A for Teenage Cancer Trust.
  • The Piece HallcoreStrategic or Co-development PartnerHistoric Halifax venue hosting major summer concert series including Skunk Anansie, Embrace, and Nile Rodgers & CHIC live streams.
  • The View from The ShardminorStrategic or Co-development PartnerPremium London venue location used for exclusive artist performances and streaming events.
  • TK MaxxcoreGTM or Marketing PartnerMajor retailer sponsoring live concert events including Skunk Anansie and Embrace live at The Piece Hall.
  • The Forge (London)minorStrategic or Co-development PartnerIndependent London music venue hosting regular live sessions and performances for emerging artists.
  • The Lower Third LondonminorStrategic or Co-development PartnerLondon music venue and recording studio hosting live streams and performances from artists like Nate James.
  • Cuffe and TaylorcoreChannel Partner/ Reseller/ DistributorConcert promoter producing major venue events including TK Maxx presents series at The Piece Hall.
  • Wales Rugby LeagueminorStrategic or Co-development PartnerSports organization streaming regular matches including internationals against England and student fixtures.

Scale indicators3 records

Recent moves5 records

Expansion highlights6 records

Lounges.tv competitors and assessment

Company assessment

Direct peers

  • Moment House: Moment House provides ticketed live-stream events for artists and creators across music, wellness, and culture — a near-twin of Lounges.tv's PPV creator-event model.
  • Uscreen: Uscreen is a video monetization platform for creators offering subscriptions, PPV, and live streaming — direct functional overlap with Lounges.tv's ticketing and 80/20 revenue split model.
  • Veeps: Veeps is a live concert streaming PPV platform enabling artists to sell tickets to virtual shows, directly competing with Lounges.tv's ticket-priced live music streaming model.
  • DICE: DICE combines live event ticketing with streaming for music, comedy, and nightlife, and serves the same UK creator/fan audience that Lounges.tv targets, including venue integrations.
  • Vimeo OTT (Livestream): Vimeo OTT / Livestream offers live event streaming and monetization tools for creators and enterprises — directly comparable to Lounges.tv's live streaming and ticketing SaaS features.
  • Patronbase (Mandolin): Mandolin (formerly Patronbase) operates a live concert and event streaming platform with ticketed experiences, an overlapping offering to Lounges.tv's music PPV streaming.

Regional players

  • Eventbrite: Eventbrite is primarily a ticketing platform with some live-stream capability; relevant as a competitor for ticketed live events and creator-led ticketing use cases also served by Lounges.tv.

Broad incumbents

  • Twitch: Twitch is the largest dedicated live streaming platform, offering creators revenue share on subscriptions, ads, and bits. While broader in scope (and gaming-rooted), Twitch competes directly for live-streaming creator mindshare and viewer attention with Lounges.tv.
  • YouTube Live: YouTube Live streams concerts, sports, and creator events, including premium ticketed live content, with unmatched distribution and creator payouts — competing with Lounges.tv for both creators and live-audience share.
  • TikTok Live: TikTok Live extends the social platform with creator live streaming and tipping, competing for creator monetization and audience share, particularly among music, fitness, and entertainment creators.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Lounges.tv social profiles

Digital presence

Lounges.tv financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Lounges.tv leadership team

Management profile

Number of profiles

Profiles2 records

Lounges.tv funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Lounges.tv M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lounges.tv

What does Lounges.tv do?

Lounges.tv is a pay-per-view live streaming platform that enables creators to monetize live performances and on-demand video content through ticket sales. The platform retains a 20% commission while creators keep 80% of revenue, with payouts delivered within 24 hours of streaming. It supports live streams, video-on-demand, one-to-one creator-fan meet-and-greets, and a dedicated "Live from the Venue" plug-and-play product for hybrid events at concert venues.

Is Lounges.tv a public or private company?

Lounges.tv is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Lounges.tv founded?

Lounges.tv was founded in 2020. It employs 11 to 50 people.

Where is Lounges.tv based?

Lounges.tv is headquartered in London, United Kingdom, in the Europe region.

How does Lounges.tv make money?

Three revenue lines are on record. Ticket Sales / Pay-Per-View is the primary driver. The others are one-to-One Experiences and tips and Donations.

Who are Lounges.tv's main competitors?

Direct peers on record are Moment House, Uscreen, Veeps, DICE, Vimeo OTT (Livestream) and Patronbase (Mandolin). Eventbrite is listed as a regional player. Broad incumbents are Twitch, YouTube Live and TikTok Live.

Does Lounges.tv have an API?

No public API is recorded for Lounges.tv.

What industry is Lounges.tv in?

Lounges.tv's product category is Live Streaming Platform. Its primary akta.pro industry code is MPACACAB, Gaming-Focused Live Streaming Platforms, with a secondary code of MPABAGAG, Pay-TV Value-Added Services (DVR, VOD, TV Everywhere, Apps). Its NAICS code is 7111 and its SIC code is 4841.

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Live signals
Music Business WorldwideRARE Entity, the venture group co-founded by Eurythmics’ Dave Stewart, takes stake in Simon Cowell-backedRARE Entity, co-founded by Dave Stewart, acquired a strategic stake in livestreaming platform Lounges.tv, announced June 10. Financial terms were not disclosed. The partnership aims to expand access to live entertainment and direct-to-fan monetization.LoungesRARE Entity, the venture group co-founded by Eurythmics’ Dave Stewart Joins Lounges.tv to Help Build a Fairer Future for Live EntertainmentRARE Entity, co-founded by Dave Stewart, joined Lounges.tv as an active partner and shareholder alongside Simon Cowell. The partnership aims to expand live entertainment access and give creators 80% of revenue with payments within 24 hours. They will explore new creator-led formats and premium live experiences.UKTNPay-per-view Lounges.tv surpasses crowdfunding target of £950K in 48 hoursLondon-based startup Lounges.tv exceeded its £950,000 crowdfunding target on the Crowdcube platform within 48 hours of launch, achieving a pre-money valuation of £7.9 million. The pay-per-view streaming platform aims to disrupt industry norms by paying content creators 80% of revenue, addressing dissatisfaction with current models from major streaming giants. The company plans to officially launch in early 2022 after the campaign closes on October 20, 2021.CrowdcubeLounges.tv raised investmentLounges.tv has raised investment to launch a new streaming platform designed to disrupt the $70 billion market. The platform's model rewards creators with 80% of stream revenue, aiming to facilitate pay-per-view live streams.