How Much Does it Cost to Livestream an Event?
Event live streaming is a major task that many businesses are now getting involved in post-COVID, but how much does it cost to Livestream an event? This question comes up a lot at Beverly Boy Productions and we’re trying to provide as detailed an answer as possible for our audience. Livestream event production costs can range from under $1,000 to over $5,000 per day based on individual needs.
Webcast pricing typically starts at $1,000 and can go up to $6,500 or more. It really depends on a few different variables. Webcast production cost can sometimes be figured with a live streaming cost calculator, or simply by speaking directly with an expert as no two projects are the same.
If you are wondering how much does a webcast cost? The first step is to know what your event requirements are. Is it a 1 camera live stream, or a multi camera livestream? what streaming platform are you considering? Are you charging for the event? Will you need a paywall? Will you need polling for audience engagement? These are all questions to consider when figuring your live stream production costs.
What goes into Livestreaming?
When live streaming an event, you’re paying for an entire production crew to capture the event.
Event live streaming video costs may include:
Director – >$250 per hour
Cameraman – >$400 per hour
Equipment – up to 100s per hour
Narrator – >$400 per hour
Switcher – > $200 per hour
Streaming Platform – > $50-$1000 depending on the platform and usage.
B-Roll – expect to pay a percentage between 10 and 50% of your total cost
Miscellaneous Fees – can cost very little up to 1000s extra
Additionally, depending on the kind of Livestream you’re looking to accomplish you may also require a broadcast engineer. Call Team Beverly Boy today for specific pricing for your streaming project.
Livestream Cost Factors
If you’re wondering how much does it cost to set up a live stream, rates can vary based on the technical skills required of the streaming crew. How many crew members are involved, and the length of time they are required for the live stream. A multi-day Livestream event can have costs in excess of several thousand dollars per day to produce.
Livestream Crew member costs
Livestream Crew member costs range from about $100-$200 per crew member, per hour. Additionally, you’ll need to rent certain video equipment to produce the live stream if you or your hired camera crew do not have it. Equipment rental costs can quickly skyrocket if you’re not careful so make sure that, if you’re on a tight budget, you keep equipment rental fees in check — minimize the number of days you rent to keep costs low.
What About Free LiveStreaming?
While you may think you can Livestream an event for free it’s important to know that free doesn’t always equal good! Live streaming on social media platforms like YouTube Live or Facebook Live will leave you susceptible to the risk that the event is cut off, that you can only stream for a set amount of time without having to restart, and you may find that ads are hosted during your Livestream for direct competitors of yours — oh no!
Why Pay for a LiveStream Producer?
Paying for a live stream producer ensures the quality of your live stream event. Instead of streaming an event via free, social platform, consider hiring a professional. This comes with the added advantage of having bandwidth, hardware, software, and equipment components on your side for a professional quality Livestream. Your event will be guaranteed live, you won’t have sloppy camera angles or poor footage, and your audio will be top-notch. These are just a few of the reasons to pay for a Livestream event production crew!