LiveXLive Expands Beforehand Introduced Review Of Strategic Chances And Possibilities With Aid of J.P. Morgan

LOS ANGELES, Jan. 4, 2021 /PRNewswire/ — LiveXLive Media (Nasdaq: LIVX) (“LiveXLive”), a world-wide system for livestream and on-need audio, video clip and podcast articles in music, comedy and pop lifestyle, and proprietor of PodcastOne, Slacker Radio, Respond Presents and Custom Personalization Options (“CPS”), declared these days that it has expanded its not long ago introduced assessment of strategic alternatives to grow the Company’s organization and its board of directors has resolved, assisted by J.P. Morgan and its authorized advisors, to start a approach to take a look at strategic solutions in order to improve shareholder price. Prospective alternatives may well involve, among the some others, a strategic acquisition, divestiture, merger, sale or other sort of business enterprise mix.

There can be no assurance that LiveXLive’s attempts will final result in a particular transaction or any individual outcome or its timing. LiveXLive does not intend to make any long run announcements concerning this process or developments until and until its board of administrators has permitted a particular transaction or the business has otherwise determined that even more disclosure is correct or necessary by legislation.

About LiveXLive Media, Inc.
Headquartered in Los Angeles, California, LiveXLive Media, Inc. (NASDAQ: LIVX ) (the “Company”) (pronounced Stay “by” Reside) is a world-wide platform for livestream and on-desire audio, video clip and podcast written content in music, comedy, and pop society. LiveXLive, which has streamed in excess of 1,800 artists due to the fact January 2020, has develop into a go-to spouse for the world’s prime artists and celebrity voices as very well as audio festivals concerts, which includes Rock in Rio, EDC Las Vegas, and lots of many others. In April 2020, LiveXLive developed its initially 48-hour songs competition termed “Music Lives” with large achievement as it attained about 50 million sights and above 5 billion sights for #tunes life on TikTok on 100+ performances. LiveXLive’s library of world activities, video clip-audio podcasts and first shows are also readily available on Amazon, Apple Television set, Roku and Samsung TVs in addition to its possess application, vacation spot internet site and social channels. The Company’s wholly-owned subsidiary, PodcastOne, generates additional than 2.1 billion downloads per year throughout more than 300 podcasts. For more info, go to www.livexlive.com and stick to us on Fb, Instagram, TikTok, Twitter at @livexlive.

Forward-On the lookout Statements
All statements other than statements of historical points contained in this push release are “forward-seeking statements,” which may well typically, but not normally, be recognized by the use of these kinds of phrases as “may,” “might,” “will,” “will probably end result,” “would,” “should,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “continue,” “target” or the adverse of these conditions or other comparable expressions. These statements entail recognized and unidentified hazards, uncertainties and other things, which might bring about true outcomes, functionality or achievements to differ materially from those expressed or implied by these kinds of statements, including: the Company’s reliance on one important customer for a sizeable share of its income the Company’s ability to consummate any proposed financing, acquisition or transaction, the timing of the closing of these kinds of proposed party, which include the challenges that a affliction to closing would not be pleased within the envisioned timeframe or at all, or that the closing of any proposed financing, acquisition or transaction will not occur or whether or not any these types of function will enrich shareholder value the Company’s ability to proceed as a heading concern the Company’s capability to entice, sustain and boost the selection of its consumers and compensated subscribers the Corporation figuring out, buying, securing and producing articles the Company’s intent to repurchase shares of its popular inventory from time to time beneath the inventory repurchase application and the timing, value, and quantity of repurchases, if any, below the software the Company’s ability to maintain compliance with sure financial and other covenants the Business effectively applying its progress method, which includes relating to its technological know-how platforms and apps management’s relationships with industry stakeholders the effects of the world-wide Covid-19 pandemic alterations in economic disorders levels of competition hazards and uncertainties relevant to the companies of the Company’s subsidiaries and other dangers, uncertainties and factors like, but not constrained to, people explained in the Company’s Once-a-year Report on Sort 10-K for the fiscal 12 months ended March 31, 2020, filed with the U.S. Securities and Trade Fee (the “SEC”) on June 26, 2020, Quarterly Report on Type 10-Q for the quarter finished September 30, 2020, filed with the SEC on November 16, 2020, and in the Company’s other filings and submissions with the SEC. These ahead-wanting statements speak only as of the date hereof and the Business disclaims any obligations to update these statements, besides as may perhaps be expected by law. The Enterprise intends that all ahead-wanting statements be subject to the harmless-harbor provisions of the Non-public Securities Litigation Reform Act of 1995.

LiveXLive IR Get hold of:

[email protected]

310-601-2500

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