BurudaConcert Takes to SXSW to Turn Music Fans into Concert Producers

BurudaConcert is a profit-sharing concert planning platform that allows fans to bring their favorite bands to town and take home a cut of the profits.
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Indie Music
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Profit Sharing


Seoul - Seoul - Korea, South


SEOUL, South Korea - March 6, 2014 - PRLog -- The profit-sharing concert platform BurudaConcert (http://burudaconcert.com), tailored for music fans, will be on display at this year's SXSW Trade Show, March 9-12. They will be in booth #1109 as part of the Korean start-up delegation "Geeks from Gangnam".

BurudaConcert is a web-based platform that solves the problem of overly expensive concert tickets by implementing a two-stage ticket system, allowing fans to invest in the production of their favorite bands' concerts. The first stage of tickets, Buruda tickets, are sold at a higher initial cost, but entitle holders to a cut of concert profits once second-stage tickets sell out, along with other enticing perks. These perks range from meeting the band to having a say in tailoring the concert experience to their own personal liking. Second-stage tickets, called Ganda tickets, gain access to the concert and are sold at a reduced cost.

Buruda ticket sales fund the planning and production costs of a concert, while the Ganda tickets cover other post-concert expenses and contribute toward profit. This two-stage ticketing system significantly reduces pressure on bands and concert promoters, as many of the concertgoers stand to gain from a sold out concert and will do their part to promote sales. It allows bands to stage concerts they otherwise would not and connect with their fans like never before to give them exactly what they crave.

About Geeks from Gangnam:

"Geeks from Gangnam" is a group of 10 start-ups from Korea participating in the SXSW 2104 Trade Show and Interactive Festival. They are sponsored by the Banks Foundation for Young Entrepreneurs (http://dcamp.kr/) and KOCCA (Korea Creative Content Agency - http://eng.kocca.kr/en/main.do). Join them at the Geeks from Gangnam After-Party on March 10th at Brass House, featuring live K-Pop bands straight from Seoul! RSVP at http://techranchaustin.com/event/geeks-gangnam-party/

Lois Eiler
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