Patreon has acquired livestreaming set-up Moment with the aim of making it easier for creators who use the memberships platform to run ticketed livestreamed events.
Moment - formerly known as Moment House - was founded in 2019, the year before interest in livestreaming spiked during the COVID-19 pandemic. It has since worked with artists, podcasters and comedians on livestreamed events - or “moments” - and received financial backing from music industry veterans Scooter Braun and Troy Carter.
Patreon says it plans to integrate “foundational elements” of Moment into its platform. While creators can use Patreon to manage fan membership schemes, offering superfans access to premium content and experiences, it's currently quite common for that content and those experiences to actually be delivered via other platforms.
Patreon CEO Jack Conte says of the acquisition: “Patreon’s mission has always been to help creators take control over their work, deepen connections with their most passionate fans, and build successful, sustainable businesses. On the heels of releasing our new brand identity, mobile app, and a suite of creator tools, joining forces with Moment will further strengthen Patreon’s offerings for creators".
Moment co-founder Arjun Mehta adds: “We built Moment to help artists and creators gather their global communities for premium live experiences while providing them complete control over creative and monetisation. We are excited to join the Patreon team and deliver an even better, integrated experience to many more creators and their communities".