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Live Current Media provides community and experiential solutions for businesses looking to reach their customers and fans creatively. The Live Current Exosystem helps creators manage creation, amplification, participation, and monetization.
The company has created an integrated 'Exosystem' to power independent creators, offering tools for content creation, community building, brand management, AR/VR discovery, social media amplification, and more.
Live Current Media (OTCQB:LIVC) announced the appointment of Alexander Mecl as Chief Marketing Officer on September 23, 2022. Mecl will lead the company's marketing strategy and team development amidst its growth. He has extensive experience in the media sector, having previously worked at Bruce Brown Films and Tencent Corporation. CEO Mark Ollila praised Mecl's entrepreneurial mindset and expertise in engaging communities through product innovation. Live Current operates the Kast platform, facilitating social viewing experiences and tapping into live events and gaming markets.
Live Current Media has signed a letter of intent to acquire PowerSpike in an all-stock transaction. This strategic move aims to enhance the company's Kast platform by integrating PowerSpike's innovative AI-driven influencer marketing tool, which connects brands with over 10 million creators. The acquisition aligns with Live Current's inorganic growth strategy, capitalizing on the rapidly expanding creator economy. Notably, 66% of brands reportedly increased spending on creator-driven marketing in the past year.
Live Current Media (OTCQB:LIVC) has signed a letter of intent with Cascade Live Inc. to enhance its Kast video streaming platform by integrating a web3 e-commerce and ticketing solution. The partnership aims to empower creators by enabling live transactions, facilitating monetization across various digital content types. The creator economy is booming, with around 200 million creators generating over $100 billion in 2021. This collaboration positions Kast to better serve the growing demand for digital content monetization tools, leveraging Cascade's enterprise-grade technology.
Live Current Media (OTCQB:LIVC) announced new agreements with Think Ink Marketing and Alliance Equity Capital Group to enhance public relations and brand awareness. These six-month agreements allow for a monthly budget of up to $50,000 for Think Ink's services and $7,500 for Alliance. CEO Mark Ollila emphasized the company's significant changes over the past six months and the importance of these partnerships in reaching both consumer and investor markets.
Live Current Media Inc. (OTCQB:LIVC) announced that CEO Mark Ollila will present at the Emerging Growth Conference on July 6, 2022. The presentation will focus on recent changes and future plans, highlighting the organic development of the Kast platform and upcoming strategic acquisitions. Investors will have the chance to engage with Ollila during a live Q&A session. The event starts at 1:30 PM ET. Archived access will be available for those unable to attend live.
Live Current Media (OTCQB:LIVC) has acquired the code and social media assets of the video meme platform Neverthink.TV in an all-cash deal. The platform, which attracted 15 million users and had seen investments of 6.6 million Euros, was shut down by its management last year. CEO Mark Ollila highlighted the Company's intention to revitalize Neverthink's popular aspects and integrate them with the Kast social video streaming platform, aiming to enhance user experience and value.
Live Current Media (OTCQB:LIVC) has signed a non-binding letter of intent to acquire Guru Experience Co., a leader in digital experiences for the tourism and museum industries, in an all-stock deal. The acquisition aims to enhance Live Current's media streaming application, KAST, with Guru's AR/VR technologies and NFT marketplace. The transaction, contingent on due diligence and shareholder approval, will involve the issuance of 3 million shares to Guru's shareholders. This strategic move is expected to drive growth and profitability for Live Current.
Live Current Media (OTCQB:LIVC) has announced a significant update for its Kast streaming platform. The new features include an enhanced party layout and premium functionalities such as improved party chat with GIF support. The update allows users to view video details on the party page, fostering a more interactive experience. CEO Mark Ollila emphasized a community-first approach, indicating that this is just the first of many updates planned for 2022 aimed at enhancing the user experience and supporting content creators.
Live Current Media, Inc. (OTCQB:LIVC) has successfully completed an all-share merger with Evasyst Inc., acquiring 100% of its outstanding shares. As part of the merger, the company issued 125 million common shares to Evasyst shareholders. Mark Ollila, former CEO of Evasyst, has been appointed as the new CEO and Chairman of Live Current. The merger aims to capitalize on the rapidly growing video streaming market, projected to grow at a CAGR of 21.3% from 2022-2030. The new management team brings extensive experience in media and gaming, anticipating significant product innovations in the near future.
Live Current Media (OTCQB:LIVC) has successfully closed an additional tranche of convertible debenture financing, raising $886,000 out of a total face value of $956,880. This capital boost increases the total funds raised via convertible debt to $3,386,000 in the past quarter. The finances will support the development and marketing of the Kast video streaming platform as part of a merger agreement with Evasyst, expected to finalize by April 30. The debenture has an interest rate of 4% and a conversion price of $0.34 per share.
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