How much does it cost to livestream an event?
Live streaming an event has become an increasingly popular way to reach a wider audience and engage with people who are unable to attend in person. It can also provide an additional revenue stream for event organizers by offering virtual tickets to the live stream.
One of the biggest questions that event organizers have when it comes to live streaming is how much it will cost. The cost of live streaming an event can vary greatly depending on a number of factors.
In this article, we'll outline the costs for a DIY project, a medium-cost project, and a fully professional project.
DIY Project
If you're looking to live stream an event on a budget, you can certainly take a DIY approach. This may involve using your smartphone or webcam to stream the event to a free platform like Facebook Live or YouTube. While this option can be cost-effective, it may not provide the level of quality and professionalism that you're looking for. Here are some typical costs associated with a DIY project:
Smartphone or webcam: $50-$200
Tripod or stand: $20-$50
Microphone: $20-$100
Free streaming platform: $0
Total Cost: $90-$350
Medium Cost Project
If you're looking for a higher-quality stream, you may want to invest a bit more in equipment and professional services. This could involve hiring a professional camera crew or streaming service to handle the technical aspects of the live stream.
Our mid-level livestream productions generally cost approximately $5,000 per day.
Items:
Livestream production crew & equipment: $3,000 - $4,000 per day
Streaming service provider: $100 per event
Incidental costs: $900
Total Cost: $4,000 - $5,000
Professional Project
For large events, such as conferences or concerts, you'll likely need a fully professional setup to handle the technical aspects of the live stream. Here are some typical costs associated with a large, professional project:
Livestream production crew: $5,000 per day
High-quality cameras, lighting, and sound equipment: $5,000 per day
Streaming service provider: $100
Total Cost: $10,100 per day.
It's important to note that these costs are just estimates and can vary depending on the specifics of your event. For example, the cost of a professional production company will depend on the number of cameras, crew members, and equipment needed to capture the event. Similarly, the cost of a streaming service provider will depend on the number of viewers and the level of quality required for the stream.
In conclusion, live streaming an event has a wide range of possible costs. By understanding the costs associated with a DIY project, a medium-cost project, and a fully professional project, you can make an informed decision about the level of quality and investment that's right for your event.
We’re happy to provide a free, custom quote upon request. Email us here to get started.