U2 bring their amazing and extravagant stage show to the Rose Bowl in Pasadena tonight, and the show will be streamed live on YouTube.
You can see it here.
So far, the quality of the stream is excellent. After the live show ends, YouTube will rebroadcast it at the U2 channel page.
Update: Apparently the show generated 10million live streams.
Tonight (Oct 30) the Foo Fighters will stream a show via Facebook. Details and links here.
These are the early days of what seems to be a groundbreaking new potential revenue model.