Lazar Entertainment Inc.

Lazar Entertainment Inc. operates a live social shopping platform that connects creators and brands with consumers, offering interactive experiences through live streaming and e-commerce integration. Founded in 2014, Lazar Entertainment Inc. is based in Toronto, Canada.

The company specializes in live social shopping, allowing creators to engage audiences in real-time. The CEO, Rick Suk, has a background that supports his entrepreneurial capabilities. The company has completed one deal, securing seed funding in February 2019, led by Next 10 Ventures. Stage TEN offers a comprehensive live social shopping platform designed to empower creators and brands in the e-commerce space.

The core product is an interactive platform that combines live streaming with shopping capabilities, allowing creators to showcase products from across the Shopify universe in a curated show format. This service enables creators to engage with their audiences in real-time, facilitating a community-driven shopping experience where consumers can ask questions and receive instant feedback on products. The AI Stage Manager enhances this offering by acting as a personal assistant, assisting users in preparing, producing, and delivering high-quality live shows. Stage TEN primarily serves creators, brands, and consumers in key markets including North America and Europe, targeting a demographic that values interactive and engaging shopping experiences.

Stage TEN generates revenue through a combination of subscription models and partnerships with brands and creators. Clients, including e-commerce businesses and individual creators, typically engage with the platform to host live shopping events, where they can promote and sell products directly to consumers. The transaction structure involves a fee for accessing premium features of the platform, such as the AI Stage Manager, as well as potential revenue shares from sales made during live shows. Pricing plans for services vary based on the level of features and functionalities provided, focusing on delivering tailored experiences for different user needs.

The platform supports a B2B framework for brands while also catering directly to consumers through its interactive live shopping events. In 2019, Lazar Entertainment Inc. raised an undisclosed amount of seed funding to support its growth initiatives. The company is focused on expanding its product offerings and enhancing its platform's capabilities.

Future plans include the launch of new features designed to improve user experience and increase engagement. The company aims to penetrate additional markets within North America and Europe, targeting expansion by 2024. Recent funding will be utilized to invest in product development and enhance marketing efforts to support this growth.