Live Company Group PLC Update on Madrid and on report and accounts (6012H)
28 Julio 2023 - 7:20AM
UK Regulatory
TIDMLVCG
RNS Number : 6012H
Live Company Group PLC
28 July 2023
28 July 2023
LIVE COMPANY GROUP PLC
("LVCG", the "Company" or the "Group")
KPOPLUX SBS SUPER CONCERT IN MADRID
UPDATE ON REPORT AND ACCOUNTS
LVCG PLC is please to provide further detail on the KPOPLUX SBS
Super Concert in Madrid that was held on Saturday 22(nd) July
2023.
Despite tickets only going on sale in April of this year the
concert was the largest K-POP concert in Spain to date .
KPOP-Lux also brought together a team that consisted of some of
the biggest names in events with SBS as producer of the show, K-POP
LUX, executive producer, LA Rock Entertainment as promotor, Samsung
as title sponsor and Veeps Ltd with streaming rights.
Revenue
LVCG (via K-POP LUX) as executive producer earns net revenue
form a share of ticket sales, merchandising, sponsorship and
streaming as well as an Executive Producer fee and Global Marketing
fee. The Company is in the process of finalising net revenue
figures noting that these are likely to increase considerably
during the next four years - the tenure for Madrid.
The Company will provide further detailed updates in due course
and points investors to the event summary on the Company's
web-site: www.livecompanygroup.com .
Update on report and accounts
The Company also informs investors that further to the RNS of 21
June 2023 that while good progress is being made with the 2022
annual accounts, these accounts will not be published by 31 July as
previously indicated. The Company will update investors in due
course as appropriate.
Enquiries:
Live Company Group Plc Tel: 020 7225 2000
David Ciclitira, Executive Chairman
Sarah Dees, Chief Operating Officer
Beaumont Cornish Limited (Nominated Adviser) Tel: 020 7628 3396
Roland Cornish/Rosalind Hill Abrahams
===================
CMC Markets UK Plc Tel: 020 3003 8255
Thomas Smith
Douglas Crippen
===================
About Live Company Group
Live Company Group Plc ("LVCG", the "Company" or the "Group") is
a live events, entertainment and sports events company, that has
been trading on AIM since 2017.
The Group is divided into four divisions:
-- BRICKLIVE - consisting of a network of partner-driven
fan-based and touring shows using BRICKLIVE created content
worldwide. The Company owns the rights to BRICKLIVE - an
interactive experience built around the creative ethos of the
world's most popular construction toy bricks. The Group is an
independent producer of BRICKLIVE and is not associated with the
LEGO Group.
-- LVCG owns the brand KPOP Lux and is the Executive Producer of
KPOP Lux in Madrid and London. Both of these shows are produced in
partnership with SBS - the Korean television network.
KPOP - the company owns the rights to the K.Flex brand is a
partner and the Executive Producer of K.Flex in Frankfurt.
-- StART Art Global (SAG) - SAG owns StART Art Fair in London
which has been staged over the last 9 years at the Saatchi Gallery.
SAG has licensed the rights to the StART brand in Korea. The
licence includes the right to create and run StART Art Fair Seoul
and various StART+ exhibitions.
-- Live Company Sports and Entertainment (LCSE) - LCSE owns LCSE
Pty in South Africa which has a long-term relationship with Pick
'n' Pay and the Ocean Race.
LVCG is a founder shareholder in E-Movement - the promoter of
the Formula E Race in Cape Town. As part of this relationship
E-Movement has retained LCSE (through E-Movement holdings) as its
implementation partner. E-Movement Holdings a 100% subsidiary of
Live Company Group has the right to sell sponsorship for the
Formula E race in Cape Town.
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END
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