Vibes&Beats III

Co-financing the 5th edition of the North Festival.

Resumen de la inversión

Categoría de impacto

Economía verde

Tipo de inversión

Préstamo

Interés anual

6.25

Plazo

meses

Nivel de riesgo

C+

VIBES & BEATS has been a dynamic actor in Portugal's entertainment world. They are now one of the largest national concert producers and manage events in many of the country's main venues.

The funds raised through this campaign are intended to co-finance the preparation and production of the 5th edition of the North Festival on May 26, 27, and 28 at Alfândega do Porto, in Oporto.

This is the promoter's third campaign, after having raised 400,000 euros through Vibes&Beats I and II, to leverage costs before shows, which were later settled by the ticket sellers (usually 15 days after the events).

As headliners for the North Festival, we can find Robbie Williams, The Chemical Brothers and Ivete Sangalo, and renowned national artists such as Pedro Abrunhosa and The Black Mamba. The festival also features Ana Castela and Gustavo Mioto.

In the first three months of 2023, the promoter organized 7 shows: the return of Eros Ramazzotti with two dates at the Altice Arena (Lisbon); The Waterboys tour with three shows at the Coliseu of Lisbon, Coliseu of Porto and Estoril Casino; the first show in Portugal of the Barões da Pisadinha, with two dates at the Super Bock Arena and Sagres Campo Pequeno. At this moment Vibes&Beats has 11 shows for sale at the box office and has more shows to be announced by the end of this semester.

The North Festival is presented as more than a music festival. The promoter intends to create a national reference through differentiated and charismatic experiences. The festival's slogan is "The compass points North". They have an eclectic program, a privileged location by the Douro river, and offer attractive conditions to "festival-goers".

The North Festival also features:

street food food-court,
sunset stage
sunset parties aboard the rabelo boats.
lounge with barbers, tattoo artists, make-up artists and many other surprises.
clubbing space with DJs.
premium tickets, with a privileged stage view, catering, bars, bathrooms, and access to the boat rides.

With these activities, the North Festival strengthens its relationship with the public, also becoming a profitable environment for brand activation.

The promoter's goals are to create new concepts for events, concerts and festivals where music is not the only focus.

¿Cuál es el impacto?

Promotion of cultural economic activity: strengthening trade in cultural goods and services provides stimulation for local and national markets, which in turn provides employment opportunities and promotes local production. This is especially important after the cultural sector suffered serious setbacks by the Covid-19 pandemic in the last two years, and starts now to recover. The financing of Vibes&Beats enables:

Maintenance of 6 full-time formal jobs
Boost of the national cultural industry: partnering with around 80 other national companies for the realization of the events – including marketing, communication, and structures services, it encourages the cultural infrastructure.

Promotion of cultural diversity and heritage: the realization of the events promotes and recognizes national artists, cultural production, and heritage, and by bringing international artists to tour it contributes to an appreciation of cultural diversity.

Improvement in environmental responsibilities of events: the event North Music Festival produced by Vibes&Beats has begun in their 4th edition in 2022 to value measures to decrease the event’s environmental footprint, such as the exclusive use of reusable cups. However, the organization recognizes a longer way to go, and commit to more environment-friendly initiatives for the 5th edition of the event in 2023. Once these specific measures are set, the promoter plans to update investors.

Contribución a los Objetivos de Desarrollo Sostenible
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Sobre el promotor

About

Vibes&Beats, Lda

VIBES & BEATS opera en el mercado de la cultura, el entretenimiento y el mundo del espectáculo, a través de la contratación de artistas nacionales e internacionales. La empresa se encuentra entre los productores y promotores más importantes de Portugal.

Hasta el momento, han trabajado con artistas como Bush, Bastille, Franz Ferdinand, Emir Kusturica, Caetano Veloso, The Prodigy, Guano Apes, Gogol Bordello, Skunk Anansie, Natiruts, Erick Morillo, Gal Costa, Gilberto Gil, Zélia Duncan, Simone, Zeca Baleiro, Djavan, Guns N’ Roses o Moonspell, agotando las entradas en algunos de los recintos más extensos del país.

VIBES & BEATS también fue pionero en la introducción del concepto de «Back to School» en Portugal, con un importante evento celebrado en Campo Pequeno. En la actualidad, la empresa cuenta con más de 80 socios, incluidos medios de comunicación impresa, radio, blogs y otras plataformas en línea. Su objetivo es desarrollar nuevos conceptos para audiencias cada vez más diversas y exigentes.

Sitio web del promotor

https://www.vibesandbeats.pt/

Equipo

[{"id":43,"promoter_id":271,"name":"Jorge Veloso","description":"The founder and CEO, Jorge Veloso, has 27 years of experience in touring and event production. Having founded his first company at the age of 19, his professional journey includes shows in 25 countries and 4 continents. From touring and representing Portuguese artists to managing tours of international names like Caetano Veloso, Seu Jorge, The Waterboys, or Ivete Sangalo. It is also important to note the production of major productions of the Champions League, UEFA Cup, and carnivals in several European cities.","link":"https://www.linkedin.com/company/vibes-beats-music-and-sport-events/about/","role":"CEO","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/638/5e0/3de/6385e03defcc3950314516.jpg","avatar_id":70983}]

Modelo de negocio
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