Live.ly for iOS the newly released live streaming app from musical.ly, has now amazingly secured the top slot in the Apple App Store. It actually puts live.ly above Facebook Messenger, Snapchat, Google Maps and Instagram.
Live.ly finished rolling out has already received over 500,000 downloads, the firm enumerates. The app effectively allows people broadcast what they are doing in real time.
They wish to thank the musical.ly community for embracing live.ly as an exciting new platform and canvas for creativity with self-expression. The fact that this comes almost one year after musical.ly hit #1 on the same chart. Actually there are a lot of heavy competitors in the live streaming space, comprising Facebook Live and Twitter’s Periscope. Most of the tech firms view this as a growing viewership category for millennial and teens.
The musical.ly app for developing music videos also quickly gained traction and has professionally seen over 100 million downloads since it launched last year. It is also enumerated that nearly half of its users are U.S. teenagers; although the firm is based in Shanghai. They had also previously reported that musical.ly, which is backed by GGV and Greylock, has been effectively working on a funding round that would value the startup at about $500 million.
Musical.ly is professionally expanding beyond music videos with the launch of live.ly, its live stream platform. The global users would be able to broadcast through the live.ly app, and the streams would be viewable on musical.ly.
This popular app is moving beyond recorded videos with the integration of live.ly. Moreover live streaming has become increasingly familiar, with the launch of Facebook Live and the continued evolution of Twitter’s Periscope. Musical.ly is also hoping that it could actively capitalize on this trend and be a force in the live video business. Eventually Musical.ly is one of the first social networks to gain significant traction.
WORTH HAVING APPLICATION: DOWNLOAD THE APP