LiveXLive CEO And Chairman Robert Ellin And An International Grammy Award-Winning Artist Scheduled To Appear On CNBC'S Closing Bell Today At 4:30 PM ET

Rhea-AI Summary

LiveXLive Media, Inc. (NASDAQ: LIVX) has announced that CEO Robert Ellin will appear on CNBC's Closing Bell today at 4:30 PM ET, joined by a Grammy-winning artist. This engagement underscores the company's focus on enhancing its market presence. Additionally, LiveXLive recently launched a new revenue-share model for live streaming and Pay-Per-View events, encompassing various avenues such as ticket sales and advertising. This initiative aims to strengthen revenue generation amidst increasing competition in the streaming industry.

Positive

• Launch of a new revenue-share model for live streaming and Pay-Per-View events.
• Company's engagement with a Grammy-winning artist, enhancing brand visibility.

Negative

• Dependence on a key customer for a substantial percentage of revenue poses financial risk.
• Challenges in user acquisition and retention could impact growth.

LOS ANGELES, July 13, 2020 /PRNewswire/ -- -1%26h%3D3776556477%26u%3Dhttp%253A%252F%252Fwww.livexlive.com%252F%26a%3DLiveXLive%2BMedia%252C%2BInc.&a=LiveXLive+Media%2C+Inc." rel="nofollow">LiveXLive Media, Inc. (NASDAQ: LIVX) ("LiveXLive"), a global platform for live stream and on-demand audio, video and podcast content in music, comedy, and pop culture, announced today that its CEO and Chairman, Robert Ellin, is scheduled to be a guest on CNBC Closing Bell with anchors Sara Eisen and Wilfred Frost today at 4:30 PM ET. Mr. Ellin will be joined by an International Grammy Award-winning artist.

LiveXLive recently announced an addition to its robust streaming platform with a new revenue-share model for live streaming and Pay-Per-View events, including ticket sales, advertising, sponsorships, podcasting, merchandise and subscriptions.

About LiveXLive Media, Inc.
Headquartered in Los Angeles, California, LiveXLive Media, Inc. (NASDAQ: LIVX) (the "Company") (pronounced Live "by" Live) is a global platform for live stream and on-demand audio, video and podcast content in music, comedy, and pop culture. LiveXLive, which has streamed over 1100 artists in 2020, has become a go-to partner for the world's top artists and celebrity voices as well as music festival concerts, including Rock in Rio, EDC Las Vegas, and many others. In April 2020, LiveXLive produced its first 48-hour music festival called "Music Lives" with tremendous success as it earned over 50 million views and over 5 billion views for #musiclives on TikTok on 100+ performances. LiveXLive's library of global events, video-audio podcasts and original shows are also available on Amazon, Apple TV, Roku and Samsung TVs in addition to its own app, destination site and social channels. For more information, visit www.livexlive.com and follow LiveXLive on -1%26h%3D1258280452%26u%3Dhttps%253A%252F%252Fbit.ly%252Flivexlive-fb%26a%3DFacebook&a=Facebook" rel="nofollow">Facebook, -1%26h%3D165905277%26u%3Dhttp%253A%252F%252Fbit.ly%252Flivexlive-ig%26a%3DInstagram&a=Instagram" rel="nofollow">Instagram, TikTok, -1%26h%3D3287494368%26u%3Dhttps%253A%252F%252Fbit.ly%252Flivexlive-tw%26a%3DTwitter&a=Twitter" rel="nofollow">Twitter at @livexlive, and -1%26h%3D1850915586%26u%3Dhttps%253A%252F%252Fbit.ly%252Flivexlive-yt%26a%3DYouTube&a=YouTube" rel="nofollow">YouTube.

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 or acquisitions and the timing of the closing of such proposed transactions, 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 or acquisition will not occur; 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 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; 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, 2020, filed with the U.S. Securities and Exchange Commission (the "SEC") on June 26, 2020, 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:
Factory PR
212.941.9394
live@factorypr.com

LiveXLive IR Contact:
310.529.2500
ir@livexlive.com

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SOURCE LiveXLive Media, Inc.

FAQ

What is LiveXLive's new revenue model announced in July 2020?

LiveXLive introduced a new revenue-share model for live streaming and Pay-Per-View events, which includes ticket sales, sponsorships, and merchandise.

When will LiveXLive CEO Robert Ellin appear on CNBC?

Robert Ellin is scheduled to appear on CNBC's Closing Bell at 4:30 PM ET on July 13, 2020.

What impact does the new revenue model have on LIVX stock?

The new revenue-share model could potentially enhance revenue generation for LiveXLive, positively impacting LIVX stock.

Who will join Robert Ellin on CNBC's Closing Bell?

Robert Ellin will be joined by an International Grammy Award-winning artist.

How many artists has LiveXLive streamed in 2020?

LiveXLive has streamed over 1100 artists in 2020.