Austin-based company festivalPass is proud to officially launch the world's first live events subscription marketplace providing access to tens of thousands of music, film, food and wine, art, sports, lifestyle, and tech and innovation experiences around the globe for one monthly fee with no added ticket fees. The company was founded on the mission to inspire people to lead active and engaging lives through passion-connected member experiences. Members of festivalPass can enjoy 80,000 plus live events from the most notable festivals like Coachella and ACL Music Festival, to live shows with GRAMMY-winning artists like Dua Lipa, John Mayer, Billie Eillish and more with a unique credit system. Members can also use their credits to book rooms at over 600,000 hotels at reduced rates.
festivalPass is embracing the evolution of entertainment into Web 3. In addition to adopting various blockchain technologies to drive its business, the company shares the philosophical belief that community is the core of any business and should participate in its future. In addition to accepting cryptocurrency for subscription and ticket payments, festivalPass will be launching the first ever Lifetime Founder NFT for live events in June 2022 with incomparable access and utility.
When we founded festivalPass, it was under the belief that live entertainment should not be transactional,
said festivalPass Founder & CEO Ed Vincent. We envisioned a community in which members could interact and share around the entertainment passions they hold and where their participation is rewarded. As Web 3 became more mainstream throughout 2021 it became apparent that not only the technology of Web 3 but the philosophy of Web 3 supports our mission and goals to bring participation and ownership to the live event world.
The company's mission is to inspire people to lead active and engaging lives through passion-connected member experiences. Members access, discover, and attend live events in the most user friendly, frictionless, and affordable ticketing experience. Instead of buying tickets with high transaction fees for concerts, festivals, and events, festivalPass provides members access to tickets for thousands of events and festivals with a unique credit system. The membership includes credits to use for any event or festival, which means they can try as many experiences as they like. festivalPass members pay a subscription ranging from $19 to $99 a month and receive credits to access tens of thousands of events nationwide. Members have the ability to redeem credits for tickets across the US, and hotel rooms globally.
Accessing tickets to live events has been a transactional, nonsocial, inefficient experience for decades,
says festivalPass Founder & CEO Ed Vincent. Live events fans can now discover, access, and get no-fee tickets to over 80,000 live events of all types and sizes through their subscription membership in a community driven, social, frictionless, single source platform that rewards them for their loyalty and participation in the community. The higher tier a subscriber signs up for the lower the cost of the tickets.
While members of all generations will find value in being a member of festivalPass across their range of entertainment interests, the company is targeting Millennials and Gen Z's initially to enable young generations to engage in live events via an interactive digital platform and gamified way they demand to engage.
The team at festivalPass spans the globe from Austin, New York, Aspen, and Detroit to as far away as Lisbon and Bali. Founded by CEO Ed Vincent, a 20+ year proven entrepreneur and product leader with multiple exits, the unique marketplace model has attracted high profile investors and a growing team of executives determined to allow fans to consume live events. Stephan de Bernede, a 10+ year HomeAway-VRBO executive and partner in a blockchain venture fund, recently joined festivalPass as its Chief Business Officer.
Notable local and national investors include Brian Sharples, co-founder HomeAway (sold to Expedia), Shelli Taylor, CEO of Alamo Drafthouse, Jason Dorsey, Millennial and Gen Z Expert, Jacob Trouba, NHL Hockey Player for the NY Rangers, Tom Chavez (sold Krux to Salesforce and Rapt to Microsoft), Townsquare Media, America's third largest radio network, Raj Doshi, Google Fiber, Chief Growth Officer, Bluecora (Nasdaq: BCOR), Peter Gibson, Sold Knowledgent to Accenture, Kevin Segalla, Founder/CEO of Tilting Point and several more.
In addition to an impressive investor backing in which several investors are on the festivalPass Advisory Board including Brian Sharples, Sheli Taylor, and Jason Dorsey, the company has attracted additional powerful advisory board members including Lisa Licht, Former CMO of Live Nation Concerts, Lou Schwartz, CEO of publicly traded Engine Media, Geoff Cottrill, Former SVP Marketing CocaCola, Starbucks Entertainment, CMO Converse and current CMO of Top Golf and Vincent Sarafa, Chief Strategy Officer of Augeo, a global leader in loyalty and engagement platform solutions among others.
What is really exciting to me about festivalPass is that it offers access to so much more than music and a subscription model that is ideally suited for emerging consumers,
said Jason Dorsey, Global Millennial and Gen Z expert, and an investor and advisor to festivalPass. festivalPass is an innovative concept for audiences that love live events including music, film, sports, theater, food and wine, and more.
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