LiveXLive Expands Earlier Announced Evaluation Of Strategic Prospects And Alternatives With Aid of J.P. Morgan

LOS ANGELES, Jan. 4, 2021 /PRNewswire/ — LiveXLive Media (Nasdaq: LIVX) (“LiveXLive”), a worldwide system for livestream and on-need audio, movie and podcast content in music, comedy and pop society, and operator of PodcastOne, Slacker Radio, Respond Offers and Custom Personalization Alternatives (“CPS”), introduced right now that it has expanded its not too long ago announced critique of strategic opportunities to improve the Company’s business enterprise and its board of directors has decided, assisted by J.P. Morgan and its legal advisors, to commence a course of action to investigate strategic options in get to increase shareholder benefit. Probable solutions may perhaps contain, amongst other people, a strategic acquisition, divestiture, merger, sale or other type of organization blend.  

There can be no assurance that LiveXLive’s attempts will outcome in a specific transaction or any specific end result or its timing. LiveXLive does not intend to make any potential announcements regarding this system or developments unless of course and till its board of directors has accredited a unique transaction or the business has normally identified that further disclosure is ideal or demanded by law.

About LiveXLive Media, Inc.
Headquartered in Los Angeles, California, LiveXLive Media, Inc. (NASDAQ: LIVX) (the “Organization”) (pronounced Reside “by” Reside) is a world-wide platform for livestream and on-desire audio, video and podcast information in tunes, comedy, and pop tradition. LiveXLive, which has streamed over 1,800 artists considering that January 2020, has come to be a go-to associate for the world’s prime artists and celebrity voices as well as audio festivals concert events, which includes Rock in Rio, EDC Las Vegas, and several others. In April 2020, LiveXLive made its initial 48-hour tunes competition referred to as “Music Life” with tremendous success as it attained above 50 million sights and around 5 billion views for #tunes life on TikTok on 100+ performances. LiveXLive’s library of world-wide events, video clip-audio podcasts and initial demonstrates are also accessible on Amazon, Apple Tv, Roku and Samsung TVs in addition to its own app, destination web-site and social channels. The Company’s wholly-owned subsidiary, PodcastOne, generates extra than 2.1 billion downloads on a yearly basis across more than 300 podcasts. For additional data, stop by www.livexlive.com and abide by us on Facebook, Instagram, TikTok, Twitter at @livexlive.

Forward-Searching Statements
All statements other than statements of historical specifics contained in this press release are “forward-on the lookout statements,” which may well often, but not constantly, be identified by the use of this kind of text as “may well,” “could,” “will,” “will probable result,” “would,” “must,” “estimate,” “system,” “job,” “forecast,” “intend,” “assume,” “anticipate,” “think,” “search for,” “continue on,” “focus on” or the adverse of this kind of terms or other identical expressions. These statements include recognised and unidentified challenges, uncertainties and other aspects, which may perhaps result in precise benefits, overall performance or achievements to vary materially from those people expressed or implied by such statements, including: the Company’s reliance on 1 key client for a substantial percentage of its profits the Company’s capacity to consummate any proposed funding, acquisition or transaction, the timing of the closing of these proposed party, such as the dangers that a condition to closing would not be contented inside the expected timeframe or at all, or that the closing of any proposed funding, acquisition or transaction will not come about or irrespective of whether any such occasion will enhance shareholder benefit the Firm’s potential to go on as a going worry the Company’s capacity to draw in, sustain and enhance the amount of its people and paid subscribers the Firm identifying, buying, securing and producing content material the Company’s intent to repurchase shares of its widespread inventory from time to time underneath the inventory repurchase system and the timing, selling price, and quantity of repurchases, if any, beneath the program the Company’s capability to manage compliance with specific money and other covenants the Corporation productively applying its development method, including relating to its technological know-how platforms and applications management’s associations with business stakeholders the results of the worldwide Covid-19 pandemic alterations in financial situations competitors hazards and uncertainties applicable to the firms of the Firm’s subsidiaries and other dangers, uncertainties and things together with, but not constrained to, all those explained in the Firm’s Yearly Report on Sort 10-K for the fiscal year finished March 31, 2020, submitted with the U.S. Securities and Exchange Commission (the “SEC”) on June 26, 2020, Quarterly Report on Sort 10-Q for the quarter ended September 30, 2020, submitted with the SEC on November 16, 2020, and in the Firm’s other filings and submissions with the SEC. These forward-looking statements talk only as of the date hereof and the Company disclaims any obligations to update these statements, besides as could be needed by law. The Business intends that all forward-on the lookout statements be subject matter to the harmless-harbor provisions of the Non-public Securities Litigation Reform Act of 1995.

LiveXLive IR Get in touch with:

[email protected] 
310-601-2500

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Source LiveXLive Media, Inc.