Any thoughts on avoiding the pitfalls of MoviePass?

Hi Kevin. Thank you for your question. I have many thoughts on avoiding the pitfalls of MoviePass. festivalPass is a much different underlying business model than MoviePass. The first very important differentiation is the credit based currency model that festivalPass has from the beginning. A proven way to ensure a gross margin positive business when building a marketplace of inventory (tickets in our example) is to manage the value of the underlying currency (credits) to be able to apply a d...

Thanks for the detailed response on the MoviePass question. Credit sounds cool. A couple more questions or comments. On your website your “search festivals” functionality is buried in a link at the bottom of the page. Also, I noticed you have some pretty nice festivals and eve...

Kevin - Thanks for your additional comments. Clicking events in the main navigation will bring you to the events search. The credit price will be listed directly on the events pages and does so for the live events we have known dates for. As we more live events come back you will see thousands with credit price and the ability to immediately redeem your credits and get a bar code for entry. We also have new designs coming soon across event, venue, organizer and talent pages that are very intu...

Hello Mr. Vincent, has Covid-19 drastically affected turnouts for potential festival Pass customers? Also how is festivalPass dealing with Covid-19?

Tony - Great question. It is true that during COVID-19 there have been very few live events in the way we all have been used to going. During this time, festivalPass has been building tech infrastructure, partnerships and awareness to scale into 2021 and beyond. We see a huge pent up demand from consumers and potential members to be able to get out and connect with others at live events on the other side of COVID-19. We have also seen many event partners begin the process of reimagining event...

festivalPass Updates, Team, and Funding Progress | Wefunder, Home of the Community Round

Own equity in the reimagined $200B live entertainment industry that will come roaring back in 2021.

Members can enjoy thousands of events for one monthly fee. 20,000+ members 300+ new members daily.

$1.2MM of digital, social and radio media available from investor TownSquare Media (TSM).

TSM is 3rd largest US radio network with 327 stations and digital properties reaching over 60 million fans monthly.

Data driven founder with extensive experience in consumer entertainment data. Data set for member acquisition of over 20MM US consumers.

Investors include NHL Hockey Star Jacob Trouba, Entrepreneur Tom Chavez with $1.2B in exits to Microsoft & Salesforce.

Credit based gross margin positive business model on every transaction.

Recurring revenue with expected $500+ Annual Recurring Revenue / Member.

festivalPass

Live event subscription marketplace across music, film, food & wine and more

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