[Asia Economy Reporter Lim Hye-seon] Genie Music announced on the 3rd that it has launched the 'Genie Time Ticket' service, which offers premium concert benefits. Genie Time Ticket is a service that allows users to purchase offline concert tickets at special prices through Genie Music's real-time live performance platform, Stage.
The service is available every Wednesday at 4 PM for Genie Music paid subscribers. Through the 'Genie Time Ticket' service, Genie Music has expanded offline concert benefits, which were previously concentrated in the metropolitan area, to the entire country. Recently, 'Genie Time Ticket' has showcased a diverse lineup, ranging from hip-hop artist performances featuring Zion.T and Wonstein to nostalgic concerts by Jeong Dong-ha and Byun Jin-sub. Moving forward, the service plans to introduce new performances weekly, reflecting recent cultural consumption trends that enjoy both music and live performances simultaneously, while providing various cultural benefits to Genie paid customers.
Genie Music plans to continuously enhance the Stage service, including the 'Genie Time Ticket' service, and aims to increase the concert business division's revenue to 30% of its annual sales by 2025.
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