LOS ANGELES, Oct. 1, 2021 /PRNewswire/ -- LiveXLive
Media (NASDAQ: LIVX) ("LiveXLive"), a global platform for
livestream and on-demand audio, video, and podcast/vodcast content
in music, comedy and pop culture, and owner of PodcastOne, Slacker
Radio, React Presents and Custom Personalization Solutions,
announced today the newest installment of its LiveXLive
Presents: Rooftop Series franchise, in anticipation of React
Presents' Spring Awakening Music Festival: Autumn
Equinox.
This intimate, invite-only event will be held at the ROOF at
theWit hotel in Chicago, and will
include a variety of performances across genres and featuring some
of the biggest names in music: Common, Twista, Mario,
Chloe Moriondo, Baynk, KOH, DJ
Godfather, and more special guests and surprise
performances.
LiveXLive Presents is an original franchise that
blends together music, entertainment, sports, culinary, and
eSports. Starting with the "My Home To Yours'' at-home shows during
peak COVID-19 featuring performances by Marc E. Bassy and Tinashe, and carrying through
to the return of live events with artists like Wiz Khalifa, LiveXLive Presents
broadcasts the full potential for fan interaction and
entertainment. Along with franchises such as Music Lives On,
as well as selections of pay-per-view concerts, sporting events,
and social media competitions across any and all genres,
LiveXLive's pension for providing unique digital and in-person
entertainment remains on full-display at all times.
Spring Awakening serves as the ultimate showing of
these capabilities, offering in-person fans the full festival
experience, and bringing the globe together through streaming to
fully immerse itself in the action, through unique subscription
activations and benefits totally catered to the modern fan. Options
to watch, listen, attend, engage, and transact, in line with
LiveXLive's flywheel, are fully present across the board.
"We are thrilled that Spring Awakening Music Festival: Autumn
Equinox is back live in Chicago. This event is employing
thousands of people who are back doing what they love in an
industry bouncing back from 18 months of hardship," says
Rob Ellin, Chairman and CEO,
LiveXLive. "This weekend, LiveXLive is the only platform
combining a festival and global pay-per-view concert together for
an engaging, all-encompassing listening and viewing experience,"
says Rob Ellin, CEO of
LiveXLive.
Spring Awakening Music Festival: Autumn Equinox will
be October 2nd and 3rd in
Chicago's Addams-Medill Park. More information on the
festival can be found at www.springawakeningfestival.com.
LiveXLive has the first talent-centric platform focused on
superfans and building long-term franchises in on-demand audio and
video, podcasting, vodcasting, OTT linear channels, pay-per-view,
NFTs, and livestreaming. Its unique model includes multiple
monetization paths including subscription, advertising,
sponsorship, merchandise sales, licensing, and ticketing. LiveXLive
recently announced it will be changing its name to LiveOne. As part
of its rebrand, LiveXLive's plans to rebrand its subsidiaries and
businesses as the "ONE" brand - PodcastOne, SlackerOne, PPVOne,
ReactOne, StudioOne and PersonalizedMerchOne.
About LiveXLive Media, Inc.
Headquartered in
Los Angeles, California, LiveXLive
Media, Inc. (NASDAQ: LIVX) (the "Company") (pronounced Live
"by ''Live) is a global talent-first, interactive music, sports,
and entertainment subscription platform delivering premium content
and livestreams from the world's top artists. The Company has
streamed over 1,800 artists since January
2020, a library featuring close to 30 million songs, 500
expertly curated radio stations, 235 podcasts/vodcasts, hundreds of
pay-per-views, personalized merchandise, an NFT business, and has
created a valuable connection between brands, fans, and bands. The
Company's other major wholly-owned subsidiaries are LiveXLive,
Slacker Radio, React Presents, Custom Personalization Solutions,
and PodcastOne, which generates more than 2.27 billion downloads
per year and 300+ episodes distributed per week across a stable of
hundreds of top podcasts. The combination of acquisitions and the
expansion of products and franchises have secured LiveXLive as a
top-rated music, entertainment, and media services company.
LiveXLive is available on iOS, Android, Roku, Apple TV, and Amazon
Fire, and through OTT, STIRR, Sling, and XUMO, in addition to its
app, online website, and social channels. For more information,
visit www.livexlive.com and follow us on Facebook, Instagram,
TikTok, and Twitter at @livexlive.
Forward-Looking Statements
All statements other
than statements of historical facts contained in this press release
are "forward-looking statements," which may often, but not always,
be identified by the use of such words as "may," "might," "will,"
"will likely result," "would," "should," "estimate," "plan,"
"project," "forecast," "intend," "expect," "anticipate," "believe,"
"seek," "continue," "target" or the negative of such terms or other
similar expressions. These statements involve known and unknown
risks, uncertainties and other factors, which may cause actual
results, performance or achievements to differ materially from
those expressed or implied by such statements, including: the
Company's reliance on one key customer for a substantial percentage
of its revenue; the Company's ability to consummate any proposed
financing, acquisition, spin-off, distribution or transaction, the
timing of the closing of such proposed event, including the risks
that a condition to closing would not be satisfied within the
expected timeframe or at all, or that the closing of any proposed
financing, acquisition, spin-off, distribution or transaction will
not occur or whether any such event will enhance shareholder value;
the Company's ability to continue as a going concern; the Company's
ability to attract, maintain and increase the number of its users
and paid subscribers; the Company identifying, acquiring, securing
and developing content; the Company's intent to repurchase shares
of its common stock from time to time under its announced stock
repurchase program and the timing, price, and quantity of
repurchases, if any, under the program; the Company's ability to
maintain compliance with certain financial and other covenants; the
Company successfully implementing its growth strategy, including
relating to its technology platforms and applications; management's
relationships with industry stakeholders; the effects of the global
Covid-19 pandemic; changes in economic conditions; competition;
risks and uncertainties applicable to the businesses of the
Company's subsidiaries; and other risks, uncertainties and factors
including, but not limited to, those described in the Company's
Annual Report on Form 10-K for the fiscal year ended March 31, 2021, filed with the U.S. Securities
and Exchange Commission (the "SEC") on July
14, 2021, Quarterly Report on Form 10-Q for the quarter
ended June 30, 2021, filed with the
SEC on August 16, 2021, and in the
Company's other filings and submissions with the SEC. These
forward-looking statements speak only as of the date hereof, and
the Company disclaims any obligations to update these statements,
except as may be required by law. The Company intends that all
forward-looking statements be subject to the safe-harbor provisions
of the Private Securities Litigation Reform Act of 1995.
Press Contact:
LiveXLive
Aileen Budow
aileen@livexlive.com
917.842.9653
Aaron Avidon
aavidon@livexlive.com
516.522.1349
LiveXLive IR Contact:
ir@LiveXLive.com
310.601.2505
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SOURCE LiveXLive Media, Inc.