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Business is my step

LiveXLive to Assessment Strategic Prospects to Mature the Firm’s Small business

5 min read

The MarketWatch Information Section was not included in the creation of this content material.

LOS ANGELES, Dec. 23, 2020 /PRNewswire by means of COMTEX/ —
LOS ANGELES, Dec. 23, 2020 /PRNewswire/ — LiveXLive Media (Nasdaq: LIVX) (“LiveXLive”), a world wide system for livestream and on-desire audio, online video and podcast content material in music, comedy and pop culture, and proprietor of PodcastOneSlacker Radio and Respond Offers, announced today that it has engaged J.P. Morgan as its monetary advisor to review probable strategic transactions, which includes acquisitions, strategic partnerships and other opportunities to grow the Firm’s enterprise. 

Robert Ellin, LiveXLive’s Chairman and CEO, commented, “We are enthusiastic about the potential clients of LiveXLive. Our working general performance and buyer attain are showing remarkable development across practically all significant performance metrics. We proceed to push powerful unique content material across equally LiveXLive and its wholly owned subsidiary, PodcastOne, such as stay pay out-for every-check out situations, and new artist-pushed format and tentpoles, like The Lockdown Awards (about 10 million livestream sights).”

“The chance is expanding to monetize the Firm’s articles numerous occasions and in many ways across quite a few platforms, which include carriers, vehicles, and OTT. We continue on to see huge chance for LiveXLive to leverage its audience, system and artist and entertainment marketplace associations and assistance generate additional growth via our flywheel business enterprise product.” 

Mr. Ellin concluded, “We are continuing to appear for transactions that are dependable with our acquisition technique and our Board’s determination to improving shareholder value.”

There can be no assurance that LiveXLive’s endeavours will outcome in a specific transaction or any particular consequence or its timing. The Organization does not intend to make any foreseeable future announcements concerning this procedure or developments unless and right up until the Board has accepted a precise transaction or the Company has or else decided that further disclosure is suitable or essential by law.

About LiveXLive Media, Inc.
Headquartered in Los Angeles, California, LiveXLive Media, Inc. (NASDAQ: LIVX) (the “Business”) (pronounced Dwell “by” Dwell) is a global platform for livestream and on-demand from customers audio, video clip and podcast written content in audio, comedy, and pop tradition. LiveXLive, which has streamed about 1,800 artists since January 2020, has come to be a go-to associate for the world’s best artists and superstar voices as very well as songs festivals and concert events, which include Rock in Rio, EDC Las Vegas, and a lot of other folks. In April 2020, LiveXLive developed its very first 48-hour songs competition known as “Songs Lives” with great success as it acquired about 50 million sights and about 5 billion views for #musiclives on TikTok with above 100 performances. The Company’s library of worldwide functions, video clip-audio podcasts and unique demonstrates are also readily available on Amazon, Apple Tv set, Roku and Samsung TVs in addition to its own app, location web site and social channels. The Company’s wholly-owned subsidiary, PodcastOne, generates additional than 2.1 billion downloads every year across much more than 350 podcast episodes per week.  For far more info, visit www.livexlive.com and observe us on Fb, Instagram, TikTokTwitter at @livexlive, and YouTube.

Forward-Looking Statements
All statements other than statements of historical info contained in this push launch are “forward-hunting statements,” which may normally, but not often, be recognized by the use of these kinds of phrases as “may,” “may possibly,” “will,” “will likely end result,” “would,” “really should,” “estimate,” “system,” “project,” “forecast,” “intend,” “hope,” “anticipate,” “feel,” “seek,” “carry on,” “focus on” or the destructive of such terms or other equivalent expressions. These statements involve identified and unfamiliar risks, uncertainties and other elements, which could bring about true benefits, effectiveness or achievements to vary materially from these expressed or implied by such statements, which include: the Firm’s reliance on just one critical buyer for a sizeable proportion of its revenue the Firm’s potential to consummate any proposed financing, acquisition or transaction, the timing of the closing of such proposed occasion, such as the threats that a ailment to closing would not be content inside the predicted timeframe or at all, or that the closing of any proposed funding, acquisition or transaction will not happen or no matter whether any such function will enhance shareholder benefit the Firm’s means to continue as a likely worry the Firm’s capacity to attract, preserve and improve the number of its customers and paid subscribers the Organization identifying, buying, securing and developing content the Firm’s intent to repurchase shares of its frequent stock from time to time beneath the inventory repurchase plan and the timing, selling price, and quantity of repurchases, if any, under the software the Company’s capacity to retain compliance with sure economic and other covenants the Organization correctly utilizing its expansion tactic, like relating to its technological innovation platforms and apps management’s interactions with field stakeholders the consequences of the world Covid-19 pandemic variations in financial disorders competition risks and uncertainties applicable to the corporations of the Company’s subsidiaries and other hazards, uncertainties and elements including, but not limited to, those explained in the Company’s Annual Report on Type 10-K for the fiscal 12 months ended March 31, 2020, submitted with the U.S. Securities and Trade Fee (the “SEC”) on June 26, 2020, Quarterly Report on Kind 10-Q for the quarter finished 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 converse only as of the day hereof and the Business disclaims any obligations to update these statements, besides as might be essential by legislation. The Organization intends that all ahead-looking statements be topic to the safe-harbor provisions of the Personal Securities Litigation Reform Act of 1995.

LiveXLive IR Make contact with:
310.601.2500
[email protected]

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Source LiveXLive Media, Inc.

COMTEX_376710402/2454/2020-12-23T07:00:11

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