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LiveXLive to Critique Strategic Chances to Develop the Company’s Business enterprise

4 min read
LiveXLive to Critique Strategic Chances to Develop the Company’s Business enterprise
LiveXLive to Critique Strategic Chances to Develop the Company’s Business enterprise

LOS ANGELES, Dec. 23, 2020 /PRNewswire/ — LiveXLive Media (Nasdaq: LIVX) (“LiveXLive”), a world-wide system for livestream and on-need audio, video clip and podcast written content in music, comedy and pop culture, and owner of PodcastOne, Slacker Radio and React Provides, introduced these days that it has engaged J.P. Morgan as its monetary advisor to critique likely strategic transactions, which include acquisitions, strategic partnerships and other options to expand the Company’s enterprise.

Robert Ellin, LiveXLive’s Chairman and CEO, commented, “We are enthusiastic about the prospective clients of LiveXLive. Our working general performance and buyer access are showing outstanding development across virtually all significant overall performance metrics. We continue to travel persuasive primary material throughout both LiveXLive and its wholly owned subsidiary, PodcastOne, which include stay shell out-for each-perspective situations, and new artist-pushed structure and tentpoles, like The Lockdown Awards (above 10 million livestream sights).”

“The opportunity is growing to monetize the Company’s content material several situations and in numerous techniques throughout a lot of platforms, together with carriers, automobiles, and OTT. We go on to see huge option for LiveXLive to leverage its viewers, platform and artist and amusement business relationships and aid generate further more progress as a result of our flywheel organization design.”

Mr. Ellin concluded, “We are continuing to search for transactions that are dependable with our acquisition system and our Board’s commitment to enhancing shareholder value.”

There can be no assurance that LiveXLive’s endeavours will outcome in a specific transaction or any unique consequence or its timing. The Firm does not intend to make any upcoming announcements relating to this system or developments unless of course and until eventually the Board has approved a precise transaction or the Firm has in any other case decided that even further disclosure is correct or demanded by law.

About LiveXLive Media, Inc.
Headquartered in Los Angeles, California, LiveXLive Media, Inc. (NASDAQ: LIVX) (the “Company”) (pronounced Reside “by” Dwell) is a international system for livestream and on-need audio, movie and podcast content in songs, comedy, and pop tradition. LiveXLive, which has streamed above 1,800 artists given that January 2020, has turn out to be a go-to associate for the world’s prime artists and celebrity voices as well as new music festivals and live shows, including Rock in Rio, EDC Las Vegas, and a lot of some others. In April 2020, LiveXLive generated its 1st 48-hour audio pageant named “Music Lives” with remarkable accomplishment as it acquired over 50 million sights and over 5 billion sights for #musiclives on TikTok with in excess of 100 performances. The Company’s library of international occasions, movie-audio podcasts and first displays are also obtainable on Amazon, Apple Television, Roku and Samsung TVs in addition to its own application, spot internet site and social channels. The Company’s wholly-owned subsidiary, PodcastOne, generates far more than 2.1 billion downloads on a yearly basis throughout far more than 350 podcast episodes per week. For much more info, go to www.livexlive.com and follow us on Facebook, Instagram, TikTok, Twitter at @livexlive, and YouTube.

Ahead-Looking Statements
All statements other than statements of historical information contained in this press launch are “forward-hunting statements,” which may well generally, but not normally, be determined by the use of these types of words and phrases as “may,” “might,” “will,” “will most likely consequence,” “would,” “should,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “continue,” “target” or the destructive of this kind of conditions or other equivalent expressions. These statements entail identified and unidentified threats, uncertainties and other factors, which could result in genuine effects, effectiveness or achievements to differ materially from those expressed or implied by such statements, such as: the Company’s reliance on one particular vital shopper for a substantial proportion of its revenue the Company’s means to consummate any proposed financing, acquisition or transaction, the timing of the closing of these proposed celebration, which includes the dangers that a problem to closing would not be glad in the envisioned timeframe or at all, or that the closing of any proposed financing, acquisition or transaction will not happen or regardless of whether any these kinds of celebration will greatly enhance shareholder price the Company’s capacity to carry on as a likely worry the Company’s capacity to attract, manage and improve the selection of its consumers and compensated subscribers the Business pinpointing, getting, securing and establishing information the Company’s intent to repurchase shares of its frequent stock from time to time beneath the stock repurchase software and the timing, price, and amount of repurchases, if any, under the software the Company’s capacity to maintain compliance with specific monetary and other covenants the Enterprise effectively utilizing its expansion strategy, like relating to its technological innovation platforms and purposes management’s associations with marketplace stakeholders the consequences of the worldwide Covid-19 pandemic adjustments in economic circumstances competitors challenges and uncertainties relevant to the firms of the Company’s subsidiaries and other threats, uncertainties and factors including, but not limited to, individuals described in the Company’s Yearly Report on Variety 10-K for the fiscal 12 months ended 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 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-seeking statements speak only as of the day hereof and the Company disclaims any obligations to update these statements, other than as may be demanded by law. The Enterprise intends that all ahead-looking statements be issue to the secure-harbor provisions of the Non-public Securities Litigation Reform Act of 1995.

LiveXLive IR Call:
310.601.2500
[email protected]

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Resource LiveXLive Media, Inc.

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