LOS ANGELES, Dec. 23, 2020 /PRNewswire/ — LiveXLive Media (Nasdaq: LIVX) (“LiveXLive”), a world-wide platform for livestream and on-desire audio, video and podcast information in music, comedy and pop tradition, and proprietor of PodcastOne, Slacker Radio and React Offers, announced today that it has engaged J.P. Morgan as its monetary advisor to review possible strategic transactions, together with 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 working overall performance and buyer get to are showing impressive progress across nearly all meaningful effectiveness metrics. We proceed to push compelling original information throughout each LiveXLive and its wholly owned subsidiary, PodcastOne, which include stay spend-for every-view situations, and new artist-driven format and tentpoles, like The Lockdown Awards (more than 10 million livestream views).”
“The option is growing to monetize the Company’s content material various periods and in various ways throughout several platforms, such as carriers, vehicles, and OTT. We go on to see huge prospect for LiveXLive to leverage its audience, system and artist and enjoyment field associations and support travel more development through our flywheel company product.”
Mr. Ellin concluded, “We are continuing to glimpse for transactions that are steady with our acquisition strategy and our Board’s commitment to maximizing shareholder benefit.”
There can be no assurance that LiveXLive’s endeavours will end result in a unique transaction or any specific end result or its timing. The Enterprise does not intend to make any foreseeable future bulletins concerning this approach or developments except and until eventually the Board has authorised a distinct transaction or the Company has in any other case determined that more disclosure is appropriate or necessary by legislation.
About LiveXLive Media, Inc.
Headquartered in Los Angeles, California, LiveXLive Media, Inc. (NASDAQ: LIVX) (the “Firm”) (pronounced Live “by” Are living) is a worldwide platform for livestream and on-demand from customers audio, video clip and podcast written content in new music, comedy, and pop tradition. LiveXLive, which has streamed about 1,800 artists given that January 2020, has grow to be a go-to companion for the world’s prime artists and superstar voices as properly as audio festivals and concerts, together with Rock in Rio, EDC Las Vegas, and lots of other folks. In April 2020, LiveXLive produced its to start with 48-hour new music competition termed “Tunes Lives” with huge success as it acquired over 50 million views and over 5 billion sights for #musiclives on TikTok with about 100 performances. The Firm’s library of global events, online video-audio podcasts and unique displays are also available on Amazon, Apple Television set, Roku and Samsung TVs in addition to its personal app, destination internet site and social channels. The Firm’s wholly-owned subsidiary, PodcastOne, generates much more than 2.1 billion downloads each year throughout much more than 350 podcast episodes per 7 days. For far more information and facts, visit www.livexlive.com and comply with us on Fb, Instagram, TikTok, Twitter at @livexlive, and YouTube.
Forward-Seeking Statements
All statements other than statements of historic details contained in this push release are “ahead-seeking statements,” which may possibly normally, but not normally, be recognized by the use of these types of words and phrases as “could,” “might,” “will,” “will probably result,” “would,” “should really,” “estimate,” “system,” “job,” “forecast,” “intend,” “hope,” “anticipate,” “imagine,” “request,” “carry on,” “goal” or the adverse of this kind of phrases or other equivalent expressions. These statements entail regarded and mysterious hazards, uncertainties and other components, which could cause precise final results, effectiveness or achievements to vary materially from all those expressed or implied by these statements, which includes: the Company’s reliance on a person important client for a considerable percentage of its revenue the Firm’s skill to consummate any proposed funding, acquisition or transaction, the timing of the closing of these proposed celebration, including the threats that a problem to closing would not be contented within the expected timeframe or at all, or that the closing of any proposed funding, acquisition or transaction will not manifest or regardless of whether any such party will enhance shareholder value the Firm’s capacity to proceed as a likely issue the Firm’s capability to catch the attention of, keep and increase the amount of its end users and paid subscribers the Company identifying, acquiring, securing and building articles the Firm’s intent to repurchase shares of its widespread inventory from time to time under the inventory repurchase application and the timing, cost, and amount of repurchases, if any, underneath the plan the Company’s capacity to keep compliance with specific economical and other covenants the Corporation properly applying its advancement system, such as relating to its know-how platforms and applications management’s associations with business stakeholders the consequences of the world Covid-19 pandemic modifications in economic situations competition threats and uncertainties relevant to the businesses of the Firm’s subsidiaries and other challenges, uncertainties and components such as, but not confined to, people described in the Company’s Once-a-year Report on Form 10-K for the fiscal calendar year finished March 31, 2020, submitted with the U.S. Securities and Exchange Commission (the “SEC”) on June 26, 2020, Quarterly Report on Type 10-Q for the quarter ended September 30, 2020, filed with the SEC on November 16, 2020, and in the Company’s other filings and submissions with the SEC. These forward-looking statements converse only as of the day hereof and the Company disclaims any obligations to update these statements, apart from as might be required by regulation. The Business intends that all ahead-seeking statements be issue to the safe and sound-harbor provisions of the Non-public Securities Litigation Reform Act of 1995.
LiveXLive IR Contact:
310.601.2500
[email protected]
Source LiveXLive Media, Inc.
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