RON CREEVEY’S STRATEGY FOR KINGS CROSS PROVED RIGHT AS X STUDIO SEES 400% GROWTH
Announcement posted by Markson Sparks! 11 Jul 2016
RON CREEVEY’S STRATEGY FOR KINGS CROSS PROVED RIGHT AS X STUDIO SEES 400% GROWTH
Ron Creevey, the tech entrepreneur who brought the internet to Australia, spent 7 million dollars on a venue in Kings Cross at the start of the lockout laws. A seemingly crazy decision that has paid off – and will see his company expand to the London market. Creevey stated pre lock outs Kings Cross will become the Times Square and Soho of Sydney and that is exactly what is happening.
“It has been a tough 24 months for venues in Sydney, and with the unfair lock out laws I have been fighting a battle that is not on equal playing levels,” Says Ron Creevey. “It's not in me to give up. I see the future of live music in Sydney very clearly right now.”
Ron Creevey has always been marching ahead of the pack when it comes to monetising technology trends. He was a co-founder of Australia’s first internet company, and in his early 20s he built the website for the Sydney Morning Herald, one of the first websites in Australia. He went on to sell his first business NTT for more than $100 Million dollars. He also created Yuuzoo which floated on the Singapore Stock Exchange in 2013 for $400 million dollars.
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He now runs Moment Media, a company he founded in 2013 which recently announced plans to list in London. The company owns the rights for many digital media assets such as TheXCast.com, The X Studio, Heath Ledgers’ The Masses in LA and a new record label named Helipad with over 40 artists already signed.
The X Studio is his Australian investment that is about to pay off and go global. The X Studio in Kings Cross is billed as a social broadcasting studio, and it’s clients are the most powerful companies in the world: Amazon, Twitter, Spotify, Sony, Universal, MTV, Redbull, iHeartRadio and Disney to name a few.
The X Studio gets used to broadcast live performances by big name recording stars, record audio books and podcasts as well as music videos and TV shows such as The Voice and The Bachelor. The space also doubles as a private live music venue and event space with multiple extravagant green rooms and plush bars. It is the last live music venue standing in Kings Cross.
The studio space is available to anyone and everyone, and uses XCast, an innovative broadcasting platform invented by Creevey that allows brands and users to create channels to broadcast either live television or live radio content. XCast also allows users to stream the content globally or have it accessed as video-on-demand or pay-per-view.
The X Studio employs 100 casual and part-time staff which makes the X Studio the largest employer in Kings Cross, even before the lock out laws squashed other local bars and clubs like so many limes into vodka sodas. The X Studio bucks Sydney’s trend of closed doors and is heading towards a 400% growth in 2016.
The X Studio is ready to become a global venture. Ron Creevey is now finalising contracts for two more studios in London and one in LA and is connecting a powerful distribution platform behind it called XCast that he has designed with his team that will create the world’s first global social broadcasting platform with social broadcast studios. Creevey hopes to float in London by the last quarter of 2016.
Ron Creevey is now is in a joint venture that will see the release of Michael Hutchence’s unreleased music under his music label, Helipad. Creevey is globally expanding the label with new artists signing on monthly under the guidance of veteran music producer Danny Saber, who has worked with Madonna, David Bowie, U2 and The Rolling Stones – as well as Michael Hutchence who spent the last weeks of his life in Los Angeles with Danny, writing and performing for his last time at the Viper room.
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