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LiveOne (Nasdaq: LVO) has officially changed its corporate name from LiveXLive Media, Inc. and its common stock will trade under the ticker symbol 'LVO' starting October 6, 2021. CEO Robert Ellin emphasized the strategic rebranding aimed at enhancing shareholder value, coinciding with the conclusion of consolidation efforts across its subsidiaries. LiveOne's rebranding includes renaming its subsidiaries under the 'ONE' brand, while its pay-per-view business is set for a spin-off as a separate public entity called 'PPVOne.'
LiveXLive Media (NASDAQ: LIVX) announced significant growth in ticket sales, subscriptions, and livestreams, following a successful event in Chicago. The company reported over 60,000 tickets sold, 25,000 new subscribers, and 1 million livestream views. Their latest event featured K-Pop star B.I., trending worldwide, and highlighted LiveXLive's innovative approach to livestreaming through StudioOne, reducing production costs by 50%. Since May 2020, LiveXLive has generated approximately $21.5 million from pay-per-view offerings. With a focus on hybrid experiences, LiveXLive aims for exponential growth in the streaming sector.
LiveXLive Media (NASDAQ: LIVX) has announced the Spring Awakening Music Festival: Autumn Equinox, taking place on October 2-3, 2021, in Chicago. This exclusive event will feature renowned artists including Common, Twista, Mario, and many more. The festival aims to blend in-person experiences with global streaming, promoting fan engagement through unique subscription benefits. LiveXLive is also undergoing a rebranding to LiveOne, focusing on a talent-centric platform for music and entertainment, enhancing its reach and monetization avenues.
LiveXLive Media (NASDAQ: LIVX) announced the incorporation of Corona's Electric Beach day club into the Spring Awakening Music Festival (SAMF): Autumn Equinox, taking place on October 2-3, 2021, in Chicago. This year's festival will enhance the fan experience with over $100,000 in exclusive perks for LiveXLive Plus subscribers, including VIP upgrades and meet-and-greets. Notable artists like Cray and Nitti Gritti will perform, featuring a bigger stage than previous years. The festival promises increased engagement and interaction for fans.
LiveXLive Media (NASDAQ: LIVX) announced a multi-year agreement with Kailyn Lowry and Vee Rivera to produce and distribute their podcast, Baby Mamas No Drama. The podcast, launched in 2020, has gained popularity through its relatable take on co-parenting and lifestyle discussions. PodcastOne's President, Kit Gray, emphasized the show's appeal to millennials and Gen Xers, highlighting its potential for attracting advertisers. This marks an expansion in PodcastOne's offerings, contributing to its collection of over 300 shows aimed at diverse audiences.
LiveXLive Media (NASDAQ: LIVX) announces a new audio competition, Self Made Podcast Edition, to discover the next podcast star. An esteemed panel, including podcasting notables like Adam Carolla and Kaitlyn Bristowe, will judge entries based on sound quality, host relatability, and download metrics. The winner will receive a podcasting contract with PodcastOne and a prize package valued over $100,000. The competition culminates with the announcement of the winner on September 30, 2021, which coincides with International Podcast Day.
LiveXLive Media (NASDAQ: LIVX) announced the launch of the Mettaphorically Speaking podcast featuring NBA champion Metta World Peace on September 21, 2021, coinciding with International World Peace Day. The podcast aims to inspire and empower listeners through in-depth discussions on sports, business, and mental health. Boost Mobile serves as the title sponsor. Metta will interview various guests, including former NBA players and influencers. This addition bolsters PodcastOne's portfolio, which has seen substantial growth since its acquisition by LiveXLive.
PodcastOne, a subsidiary of LiveXLive Media (NASDAQ: LIVX), launched a new episode of Mea Culpa with Michael Cohen featuring Stormy Daniels. The episode, airing on September 20, 2021, marks Daniels' return since her interview about Donald Trump. Cohen shares insights on ongoing legal matters involving Trump while promoting an upcoming NFT series related to the case. Since joining PodcastOne, Cohen's podcast has grown its audience by 30% and achieved 12 million downloads. LiveXLive's CEO noted the growth potential for cross-promotion within their platforms.
LiveXLive Media (NASDAQ: LIVX) has announced its role as the exclusive livestream and on-site coverage partner for the iHeartRadio Music Festival's DayTime Stage, taking place on September 18. The event will feature performances from top artists like Olivia Rodrigo and Saweetie, with extensive livestreaming coverage provided through LiveZone. This partnership aims to enhance fan interaction and provide exclusive behind-the-scenes content. LiveXLive is also set to rename itself to LiveOne, unifying its subsidiaries under a single brand. The company focuses on diverse monetization strategies, including subscriptions, advertising, and ticketing.
