NETGIGS - Our mission is to bring live music to everyone!

NETGIGS is an online pay-per-view streaming service that makes live events available to everyone everywhere. While distribution platforms already exist such as Facebook, YouTube and others, NETGIGS offers an e-commerce platform for the live event industries. Our focus is not only on broadcasting an event, but also on the business of events, bringing efficiencies and optimising revenues. This is a fundamental change to the economics of live events and is beneficial to the people and businesses involved

Transaction Details
Total combined investment of $300k will purchase new shares in Netgigs Pty Ltd which after purchase will be 10% of the total number of shares.

Key Offer Terms
• Company Stage: Pre-Seed
• Previous Capital: $435,000
• Minimum investment: $10,000
• Maximum investment: $215,000
• ($85,000 in this round already purchased by current investors)

Parcels
• $20,000 – 20,000 shares/current 0.66%
• $30,000 – 30,000 shares/current 1%
• $60,000 - 60,000 shares/current 2%
• $90,000 - 90,000 shares/current 3%
• $150,000 - 1500,000 shares/current 5%
• $210,000 - 210,000 shares/current 7%

Use of Funds
• 40% Operating Capital
• 25% Sales/Marketing
• 20% Product Development
• 10% Fund Raising Costs
• 5% Legal/Other

Future Growth
• $2.8M growth capital early-mid 2021
• Pre-IPO yet to be determined

About NETGIGS
COVID has devastated the live music industry around the world but NETGIGS is not a knee-jerk response to it. We saw the benefits of live streaming nearly 3 years ago and since then we have been working on building NETGIGS as the most feature-rich provider of music video content in the world. NETGIGS currently operates in every country in the western world and the next part of our expansion will be entry to markets in Asia and Latin America, we are currently working on Korea, Brazil and Colombia.

Live-streaming itself is not the game-changer, it’s only a part of the digital transformation that is in play worldwide. NETGIGS exists to help the business of music, not just the broadcasting of it. This is important to understand and it’s what will make it stick, not the desperation of the moment, but better tools to connect more people with more artists, while aiming to make it super easy and hassle free.

Our new custom licensing option to support global ticket sales is just one of many features we added in 2020. In November we rolled out our DRM (Digital Rights Management) that will help to secure content on our platform and reduce piracy, we are working together with the music industry and taking every move we can to secure and deliver their content to global audiences.

We've also just been certified by ARIA in Australia as an ARIA sales outlet. This relationship allows us to offer single/album digital music sales on our platform alongside the video content/merchandise and have those sales contribute to the official ARIA charts each week. This service can be very valuable to artists who are trying to boost their album pre-sales in the critical weeks just before a release.

Within Australia, NETGIGS has the support of major TV and radio media outlets to assist in the promotion of NETGIGS shows. Specific media outlets can be selected based on the artist’s fan demographic to maximise fan engagement and to ensure the optimum effectiveness of each campaign. We believe this cross-platform reach will enhance any artists' promotional campaigns while providing additional revenue streams through pay-per-view live streaming.

NETGIGS is also in talks with international media and corporate organisations to develop further partnerships that enhance our brand, providing the broadest possible reach across multiple media platforms. All agreements with each media organisation are non-exclusive, meaning the most appropriate channel can be selected based on each artist’s fanbase.

NETGIGS don’t just support live-streaming, we monetise all forms of video content be it live streamed or on demand archived footage. We navigate the international songwriter royalties, implement DRM, support merch sales, make sure the artists, managers, promoters etc get their cuts and support localised content availability and pricing/taxing in each country around the globe. NETGIGS is a one stop shop to serve the emerging new industry. And the amazing thing is that fans get the best experience and artists have a hugely superior way to focus on what they do best, create and perform. NETGIGS helps them to reach their fans wherever they are while also maximising their revenue.

NETGIGS has activity based contracts with international PRO collection societies and a corporate structure across Australia, USA and Europe. We are currently licensed to operate in 74 countries around the world including the USA, Canada, Australia, New Zealand, Europe, the Middle East, Africa and Japan.

Investment opportunity

Equity Finance

Gallery images

Investor information

Documents

Project status update

Investment Highlights
• Dec 2017 - Founder Joe Ward Bootstrapped $230,000
• Jan 2018 - MVP/Market Test - 6 online concerts from a custom built home studio in Adelaide's northern suburbs
• Aug 2018 - External Live Venue Testing- Fowler's Live & The Gov
• Sep 2018 - Australian Music Industry Showcase - BIGSOUND conference in Brisbane
• Dec 2018- Streamed Australian National Live Music Awards to thousands of viewers
• Jan 2019 - Partnership with international a/v organisation giving NETGIGS access to event production teams in over 100 countries
• Feb2019 - Streamed Irish Pilot LiR via pay-per-view to fans around the world
• Aug2019 - Rebranding and new platform development
• Feb2020 - Platform improvements to enable business through COVID restrictions
• Mar 2020 - Executive hire - Board Chairman Elect - Philip Vafiadis.
• Mar 2020 - NETGIGS Artist mobile app developed.
• Apr 2020 - PRO licensing in Germany added to Australia, New Zealand, USA, Canada, UK and Ireland.
• Jun 2020 - Late stage negotiations with major record labels & major artist locked in for Australian launch mid-August
• Jul 2020 - PRO Licenses secured for Europe, Middle East and Africa. Global Licensing options added for artists.
• Aug 2020 - NETGIGS Australian Commercial Launch - Very large revenues
• Sep 2020 - NETGIGS adds licensing in Japan
• Oct 2020 - NETGIGS streams a multi-day festival - Wangaratta Festival Of Jazz & Blues
• Nov 2020 - Interest from major international corporates in partnering with NETGIGS
• Nov 2020 - NETGIGS completes technical due diligence with one of the three major record labels and has progressed to discussions with their global business development team
• Nov 2020 - NETGIGS starts work on new digital tools to assist labels/content owners with digitising their existing content/DVD's including the revision of publishing contracts to include online delivery

Experienced Commercialisation Team
• Joe Ward – Founder and Managing Director - https://www.linkedin.com/in/wardjoe
• Philip Vafiadis – Chair Elect - https://www.linkedin.com/in/philipvafiadis
• Peter Attard – Media Director - https://www.linkedin.com/in/peter-attard-45495211/

Project dependencies

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Technology utilised

Highlights of our Features, Technology & Scalability
• Auto-scaling platform with unlimited users hosted on Amazon Web Services.
• NETGIGS is one of the few companies licensed by Public Performance Royalty (PRO) agencies in 74 countries - the USA, Canada, Australia, New Zealand, Europe, the Middle East, Africa and Japan. It will soon be licensed and available in Latin America (Colombia) and Korea.
• We support adaptive-bitrate streaming, dynamically delivering the best possible video quality at any moment.
• We allow for direct marketing to fans including reminders before live shows start.
• We support free (sponsor-supported), temporary rental and permanent purchases of content.
• Discount/coupon codes can be issued to track partner/referral marketing campaigns.
• Live feeds - pause, rewind and resume watch.
• AI- Driven Content Recommendation Engine.
• Partner Portal – record labels and artists can:
o add and edit their own content
o view analytics and revenue reports on how their content is performing.
• Hollywood approved DRM (Digital Rights Management):
o videos are encrypted and cannot be removed or exported from the platform or apps.
• PCI (Payment Card Industry) Compliance for payment security with global payment gateways.
• Geo-blocking - individual shows can be restricted to chosen countries to accommodate each performer's global strategy and legal obligations should they have any.
• VPN (Virtual Private Network) blocking to prevent users spoofing their location to watch geo- blocked content.
• Shopping cart for physical and digital products – including pop ups during a show.
• Mobile Apps:
o Audiences can click a button to cast or airplay content from mobile devices to a larger screen.
o Audiences can download performances within the app for viewing at a later date or time (for a window of time determined by the performer).
o Capability to support Virtual Reality performances.
o Performers can stream live content via our web portal or their mobile device.
• Apple TV App in development.

Financial information

Investment sought: A$20K - A$100K

Project highlights

  • NETGIGS don’t just support live-streaming, we monetise all forms of video content be it live streamed or on demand archived footage. We navigate the international songwriter royalties, implement DRM, support merch sales, make sure the artists, managers, promoters etc get their cuts and support localised content availability and pricing/taxing in each country around the globe. NETGIGS is a one stop shop to serve the emerging new industry. And the amazing thing is that fans get the best experience and artists have a hugely superior way to focus on what they do best, create and perform. NETGIGS helps them to reach their fans wherever they are while also maximising their revenue. NETGIGS has activity based contracts with international PRO collection societies and a corporate structure across Australia, USA and Europe. We are currently licensed to operate in 74 countries around the world including the USA, Canada, Australia, New Zealand, Europe, the Middle East, Africa and Japan.
  • Within Australia, NETGIGS has the support of major TV and radio media outlets to assist in the promotion of NETGIGS shows. Specific media outlets can be selected based on the artist’s fan demographic to maximise fan engagement and to ensure the optimum effectiveness of each campaign. We believe this cross-platform reach will enhance any artists' promotional campaigns while providing additional revenue streams through pay-per-view live streaming. NETGIGS is also in talks with international media and corporate organisations to develop further partnerships that enhance our brand, providing the broadest possible reach across multiple media platforms. All agreements with each media organisation are non-exclusive, meaning the most appropriate channel can be selected based on each artist’s fanbase.
  • Our new custom licensing option to support global ticket sales is just one of many features we added in 2020. In November we rolled out our DRM (Digital Rights Management) that will help to secure content on our platform and reduce piracy, we are working together with the music industry and taking every move we can to secure and deliver their content to global audiences. We've also been certified by ARIA in Australia as an ARIA sales outlet. This relationship allows us to offer single/album digital music sales on our platform alongside the video content/merchandise and have those sales contribute to the official ARIA charts each week. This service can be very valuable to artists who are trying to boost their album pre-sales in the critical weeks just before a release.

Project timelines

Expected start date
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Expected end date
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Funding round finish date
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Website

netgigs.com

Location

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