LOS ANGELES, Dec. 23, 2020 /PRNewswire/ — LiveXLive Media (Nasdaq: LIVX) (“LiveXLive”), a international system for livestream and on-desire audio, video and podcast content in new music, comedy and pop culture, and operator of PodcastOne, Slacker Radio and React Offers, announced today that it has engaged J.P. Morgan as its monetary advisor to overview prospective strategic transactions, including acquisitions, strategic partnerships and other opportunities to increase the Firm’s business enterprise.
Robert Ellin, LiveXLive’s Chairman and CEO, commented, “We are enthusiastic about the potential clients of LiveXLive. Our functioning effectiveness and shopper arrive at are showing impressive progress across virtually all meaningful overall performance metrics. We continue on to generate powerful unique content material across both equally LiveXLive and its wholly owned subsidiary, PodcastOne, together with live pay out-per-perspective events, and new artist-pushed structure and tentpoles, like The Lockdown Awards (in excess of 10 million livestream sights).”
“The option is growing to monetize the Company’s articles various periods and in many means throughout a lot of platforms, which include carriers, cars, and OTT. We keep on to see huge prospect for LiveXLive to leverage its audience, platform and artist and entertainment sector associations and support travel additional expansion by means of our flywheel small business model.”
Mr. Ellin concluded, “We are continuing to glimpse for transactions that are reliable with our acquisition technique and our Board’s determination to enhancing shareholder benefit.”
There can be no assurance that LiveXLive’s efforts will result in a certain transaction or any specific result or its timing. The Company does not intend to make any long term announcements regarding this method or developments except and right until the Board has authorized a specific transaction or the Organization has normally established that further more disclosure is appropriate or demanded by law.
About LiveXLive Media, Inc.
Headquartered in Los Angeles, California, LiveXLive Media, Inc. (NASDAQ: LIVX) (the “Firm”) (pronounced Reside “by” Stay) is a world platform for livestream and on-desire audio, movie and podcast material in audio, comedy, and pop culture. LiveXLive, which has streamed more than 1,800 artists due to the fact January 2020, has turn out to be a go-to associate for the world’s leading artists and celeb voices as properly as audio festivals and concert events, which include Rock in Rio, EDC Las Vegas, and quite a few other folks. In April 2020, LiveXLive made its first 48-hour songs pageant called “Audio Lives” with incredible achievement as it attained around 50 million views and over 5 billion views for #musiclives on TikTok with in excess of 100 performances. The Firm’s library of world wide activities, video clip-audio podcasts and first exhibits are also accessible on Amazon, Apple Tv, Roku and Samsung TVs in addition to its have app, desired destination site and social channels. The Firm’s wholly-owned subsidiary, PodcastOne, generates additional than 2.1 billion downloads each year across additional than 350 podcast episodes for every 7 days. For much more data, visit www.livexlive.com and follow us on Facebook, Instagram, TikTok, Twitter at @livexlive, and YouTube.
All statements other than statements of historic facts contained in this push release are “ahead-searching statements,” which could normally, but not always, be determined by the use of such words and phrases as “may,” “could possibly,” “will,” “will probably result,” “would,” “really should,” “estimate,” “prepare,” “venture,” “forecast,” “intend,” “assume,” “foresee,” “think,” “seek out,” “go on,” “target” or the unfavorable of this sort of terms or other equivalent expressions. These statements contain known and mysterious hazards, uncertainties and other variables, which may cause actual final results, efficiency or achievements to vary materially from these expressed or implied by these types of statements, including: the Company’s reliance on a person essential shopper for a significant percentage of its profits the Firm’s means to consummate any proposed financing, acquisition or transaction, the timing of the closing of these types of proposed celebration, such as the threats that a problem 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 arise or whether or not any this kind of function will enhance shareholder worth the Company’s capacity to continue as a likely worry the Firm’s ability to entice, maintain and raise the quantity of its buyers and paid subscribers the Business figuring out, buying, securing and establishing material the Company’s intent to repurchase shares of its widespread inventory from time to time beneath the stock repurchase method and the timing, rate, and amount of repurchases, if any, less than the plan the Firm’s capacity to retain compliance with sure monetary and other covenants the Enterprise correctly employing its expansion technique, like relating to its technology platforms and apps management’s interactions with industry stakeholders the effects of the global Covid-19 pandemic improvements in financial ailments competition dangers and uncertainties relevant to the enterprises of the Company’s subsidiaries and other pitfalls, uncertainties and elements which includes, but not constrained to, individuals described in the Firm’s Annual Report on Form 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 Company’s other filings and submissions with the SEC. These ahead-hunting statements communicate only as of the day hereof and the Corporation disclaims any obligations to update these statements, besides as may possibly be demanded by legislation. The Enterprise intends that all ahead-wanting statements be issue to the protected-harbor provisions of the Personal Securities Litigation Reform Act of 1995.
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