After being forced to postpone the Future Nostalgia Tour due to the COVID-19 pandemic, Lipa arranged for the livestream in order to perform songs from the album live.

Angèle, Bad Bunny, the Blessed Madonna, Buck Betty, Elton John, FKA Twigs, J Balvin, Kylie Minogue, Miley Cyrus and Tainy performed as guests.

Dua Lipa was not originally on board with the livestream since she wanted to wait until she could perform in front of fans; however, her team put forward an idea to make it like a TV show and this changed her mind.

[2][5] In the venue, custom-built sets were made that included "surreal tv shows, roller discos, ecstatic raves, trashy rocker hang outs, voguing ballrooms and diva style dressing rooms."

[34][35] In order to reach international viewers, deals were set up with demand-side platforms in areas where ticket sales did not make sense.

[47] Lipa descends the podium and goes straight into a retro-disco choreographed rendition of "Levitating",[48] which included a dance break in the middle with a bona fide guitar solo and the singer interacting with her live band.

[43][45] The singer continued into a slower number, "Pretty Please",[45] before transitioning into an extended intro of "Break My Heart" that interpolated Donna Summer's "I Feel Love" (1977).

[48] The second act saw Lipa changing outfits into a silver, custom-made Alexander Wang leotard and black boots,[47][48] and beginning a performance of "Break My Heart".

[49][50][51] FKA Twigs then joined the show to premiere her and Lipa's unreleased track, "Why Don't You Love Me",[49] wearing a black Nasir Mazhar butt-bearing bikini with knee-high boots.

[43][44][46][52] Lipa then made her way to a roller disco set where she momentarily picked up a drink from the bar before waving to the Blessed Madonna, who appeared in the center DJ Booth.

[38][44][53] The rendition of the song contained extra disco style,[51] and Lipa performed sweaty aerobics choreography with dancers dressed in neon primary-coloured workout gear.

[48][49] The third act began with Lipa walking into a bordello-themed, pink and gold boudoir where her brother Gjin is playing FIFA 21 (2020) with Kalvin Phillips, Bukayo Saka, Jeremy Lynch and AJ Tracey.

[43][50][52] Lipa continued with a performance of "Un Día (One Day)" as J Balvin, Bad Bunny, and Tainy appeared on the vintage TV set in the corner to contribute their respective parts.

[51][53] Kylie Minogue then made her way towards the DJ deck to duet with Lipa on her song "Real Groove" from her fifteenth studio album Disco (2020).

[39][41] For the final act, Elton John opened with a pre-recorded solo performance of his song "Rocket Man" that was projected on a wall, with dancers watching motionlessly, similar to an In Memoriam service.

[44] Writing for The Times, Dan Cairns praised the "slick, polished" production values and thought that the show re-birthed Studio 54, excluding the drugs and "dodgy accounting."

"[39] The Observer writer Kitty Empire agreed with McCormick in terms of Minogue and John's performance and noted the nod to disco, the 1980s, Europop, and club culture.

Giving the show four stars out of five, she praised the "executes tunes, choreography and [flawless] costume changes" and how it is a "retro-futurist dance-party.

[58] Studio 2054 was given three stars by The Guardian's Alexis Petridis, who commended Lipa's "spangly outfits" and her vocals that "never [miss] a note or [sound] breathless."

[38] NME's Rhian Daly awarded the show four stars; he thought that it completed Lipa's "evolution from good to great," as well as praising her performance and stage presence.

[46] Chris Willman of Variety named the show a "happy dispatch from another galaxy, where dancing and dopamine both still occur, and joy is a thing of the present," and complimented it for being FX-free.

[60][61][62] On 9 November 2020, tickets for Hungary, Czech Republic, Greece, Croatia, Slovenia, Kosovo, Albania, North Macedonia, Montenegro, Serbia, Bosnia and Herzegovina, Slovakia and Bulgaria went on sale.

[3][66] The show was awarded the Guinness World Record for most tickets sold for a livestreamed concert by a solo female artist (current year).

[67] Lipa's team estimated that the actual viewership was closer to 8 or 9 million, as they presumed more than one person watched the show per ticket sold.

The official revenue numbers for the show were not published, but Lipa's team stated it was a "profitable venture" and that she will probably do another livestream in the future regardless due to this.