Website Idea: Online Press Conference

Most businesses, these days, use technology to make their businesses more efficient and more productive. So I started to think where else could we apply technology in businesses? I happened to be reading a lot on Public Relations lately, and all I see online is the amount of (text / image) press releases.  My idea was to provide a way for companies to have a live press conference online, where the press or public could log in and watch the whole press conference streamed at the comfort of their own screens. Here’s how it works…

… just like online video chatting, a member would use a camera for streaming the video online. The video will be in real time where the press or the public could watch as it happens.

User (Business)

• Stream video from their camera or web cam
• Chose whether the stream is for private or public viewing
• Admin control on when and who to allow for questions

User (Press / Public)

• Watch press conferences online
• Ask questions during a live press conference
• Comment on recorded press conferences

System

• Stream video
• Ability for the user to chose to stream the video or record to show on latter dates or both.
• User Commenting
• Admin control for User (Business) on Press conference to chose which questions to answer.
• Separate press list and public user list

Revenue

• Per Press Conference Fee
• Advertising (Free Users)
  • Pay Per Click
  • Premium (Monthly)
• Freemium business model
• Monthly Membership fee package (X number of press conferences allowed)
• Press Database (Invite press that the website has contact of, which are members of the website).

Some unclear thoughts:

• Web hosting requirements could be high
• The system must be efficient to handle hundreds if not thousands of users viewing a online press conference.
• How much would a press conference cost to a business