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Chronicles

The story behind the story

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A look at ABBA Voyage, the hit London concert performed by 3D digital avatars of the band created from motion capture, as its producers plan a global expansion

Jenni Reid / CNBC :

CNBC Jenni Reid

Context & Ripple Effects

ABBA Voyage has quietly become one of the most valuable live-music products in Britain: the London show generated £322.6M in revenue in its first 12 months from May 2022, proving that motion-capture avatars can carry a full-scale concert without the band ever appearing. That financial proof is what turns this story from novelty into strategy — the producers are now planning to take the format beyond its single purpose-built London venue.

The move lands in a fast-crowding field. Weeks before this report, Kiss revealed digital avatars built by Pophouse and ILM that will tour as the band itself stops live performing, and Layered Reality announced Elvis Evolution, an AI- and hologram-based show slated for London in 2024 before heading to Las Vegas, Tokyo, and Berlin. The template traces back further still, to UK theater companies experimenting with AR/VR broadcasts during the pandemic.

First-order effects

  • Voyage's producers gain a proven, repeatable asset: a fixed-cost avatar production whose £322.6M first-year take makes cloning it to new cities a capital-allocation decision rather than an artistic gamble.
  • Kiss' members are affected immediately — their avatar tour becomes the band's only touring presence once live shows stop, shifting their income from performance fees to licensing and royalties on the digital likeness.

Second-order effects

  • Legacy acts and estates now face competitive pressure to license their catalogs for avatar shows before rivals claim the format's novelty premium — Pophouse and ILM are positioned to become the go-to production partners, much as Pophouse did with Kiss.
  • Cities hosting these productions compete for them as anchor attractions: Layered Reality's multi-city rollout (London, Las Vegas, Tokyo, Berlin) signals that venues and tourism boards will bid for residency-style digital concerts the way they bid for arena residencies.

Third-order effects

  • If the pattern holds, live music splits into two tiers — human tours at the top and perpetual, location-fixed avatar residencies monetizing catalog IP below — turning recording catalogs into ongoing performance businesses rather than streaming annuities.
  • The model also hardens the ethical questions raised by VR resurrections like the Notorious B.I.G. concert: who controls a deceased or retired performer's likeness, and on what terms, becomes a standing negotiation between estates, labels, and production studios.

The trend: Legacy music catalogs are being converted into avatar-driven residency entertainment, with ABBA Voyage's revenue proving the economics and Kiss and Elvis shows confirming the format's spread.