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LiveXLive Expands Earlier Introduced Assessment Of Strategic Chances And Possibilities With Guidance of J.P. Morgan

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LiveXLive Expands Earlier Introduced Assessment Of Strategic Chances And Possibilities With Guidance of J.P. Morgan
LiveXLive Expands Earlier Introduced Assessment Of Strategic Chances And Possibilities With Guidance of J.P. Morgan

LOS ANGELES, Jan. 4, 2021 /PRNewswire/ — LiveXLive Media (Nasdaq: LIVX) (“LiveXLive”), a worldwide system for livestream and on-demand from customers audio, video and podcast written content in songs, comedy and pop lifestyle, and owner of PodcastOne, Slacker Radio, Respond Presents and Customized Personalization Methods (“CPS”), introduced nowadays that it has expanded its recently announced evaluation of strategic opportunities to improve the Company’s enterprise and its board of administrators has resolved, assisted by J.P. Morgan and its legal advisors, to begin a procedure to check out strategic solutions in buy to increase shareholder benefit. Probable possibilities may possibly consist of, among some others, a strategic acquisition, divestiture, merger, sale or other form of business combination.  

There can be no assurance that LiveXLive’s initiatives will end result in a particular transaction or any individual result or its timing. LiveXLive does not intend to make any foreseeable future bulletins concerning this system or developments except and until eventually its board of administrators has approved a specific transaction or the corporation has usually identified that further disclosure is appropriate or required by regulation.

About LiveXLive Media, Inc.
Headquartered in Los Angeles, California, LiveXLive Media, Inc. (NASDAQ: LIVX) (the “Enterprise”) (pronounced Are living “by” Stay) is a global system for livestream and on-demand from customers audio, video clip and podcast articles in new music, comedy, and pop lifestyle. LiveXLive, which has streamed around 1,800 artists considering that January 2020, has grow to be a go-to associate for the world’s top rated artists and celebrity voices as effectively as audio festivals live shows, which include Rock in Rio, EDC Las Vegas, and several other people. In April 2020, LiveXLive developed its first 48-hour tunes competition called “Audio Life” with large success as it gained above 50 million views and around 5 billion views for #songs lives on TikTok on 100+ performances. LiveXLive’s library of worldwide situations, video clip-audio podcasts and unique exhibits are also readily available on Amazon, Apple Television set, Roku and Samsung TVs in addition to its possess app, desired destination web-site and social channels. The Firm’s wholly-owned subsidiary, PodcastOne, generates much more than 2.1 billion downloads every year throughout far more than 300 podcasts. For much more facts, take a look at www.livexlive.com and abide by us on Facebook, Instagram, TikTok, Twitter at @livexlive.

Ahead-Seeking Statements
All statements other than statements of historic facts contained in this press launch are “forward-on the lookout statements,” which may normally, but not generally, be discovered by the use of such words as “may perhaps,” “may,” “will,” “will most likely result,” “would,” “really should,” “estimate,” “prepare,” “venture,” “forecast,” “intend,” “expect,” “foresee,” “think,” “request,” “proceed,” “goal” or the destructive of these phrases or other very similar expressions. These statements require known and unknown dangers, uncertainties and other elements, which may well result in genuine success, general performance or achievements to differ materially from those people expressed or implied by this kind of statements, like: the Company’s reliance on one particular vital shopper for a sizeable share of its profits the Company’s capability to consummate any proposed financing, acquisition or transaction, the timing of the closing of this sort of proposed function, which include the hazards that a ailment to closing would not be happy within just the predicted timeframe or at all, or that the closing of any proposed funding, acquisition or transaction will not occur or no matter whether any these occasion will enrich shareholder value the Firm’s capability to continue on as a heading issue the Firm’s skill to appeal to, keep and enhance the amount of its people and compensated subscribers the Organization pinpointing, acquiring, securing and building written content the Firm’s intent to repurchase shares of its common inventory from time to time less than the stock repurchase program and the timing, selling price, and quantity of repurchases, if any, under the method the Firm’s means to preserve compliance with specific economic and other covenants the Business productively employing its development tactic, like relating to its technological know-how platforms and purposes management’s relationships with marketplace stakeholders the outcomes of the global Covid-19 pandemic modifications in economic problems competition challenges and uncertainties relevant to the enterprises of the Company’s subsidiaries and other dangers, uncertainties and things which includes, but not limited to, all those explained in the Firm’s Yearly Report on Sort 10-K for the fiscal 12 months finished March 31, 2020, filed with the U.S. Securities and Exchange Fee (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 Company’s other filings and submissions with the SEC. These ahead-seeking statements discuss only as of the day hereof and the Company disclaims any obligations to update these statements, except as may well be necessary by legislation. The Organization intends that all forward-on the lookout statements be subject matter to the risk-free-harbor provisions of the Personal Securities Litigation Reform Act of 1995.&#13

LiveXLive IR Get in touch with:

[email protected] 


Cision Check out first material to obtain multimedia:https://www.prnewswire.com/information-releases/livexlive-expands-earlier-announced-overview-of-strategic-chances-and-alternate options-with-help-of-jp-morgan-301200024.html

Source LiveXLive Media, Inc.

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