Londons Unit1 raises 20M to take avatar concerts on tour
News Source : The Next Web
News Summary
- Unit1 Studio uses synthesized 3D models instead of holograms.
- Business model is based on theatre, not traditional touring.
- Each show is funded as its own production, and the company says it breaks even at about 70% capacity in the first year.
- The only performer Unit1 has shown publicly is KT Tunstall, a company ambassador who took part in building her own avatar in a showcase rather than a ticketed run.
- Unit1 says it will name acts when tickets go on sale.
Unit1 Studio has raised 20M to stage concerts performed by digital recreations of musicians, in an oversubscribed round led by Balderton Capital.
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