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LiveXLive Exclusively Streams Virtual 2020 'iHeartCountry Festival Presented By Capital One'

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LiveXLive Media (NASDAQ: LIVX) announced it will exclusively stream the 2020 iHeartCountry Festival on October 23, originally scheduled for May 2. This event features performances by top artists like Dierks Bentley, Lady A, and Kane Brown. The festival is a part of LiveXLive's multi-year partnership with iHeartMedia (NASDAQ: IHRT), which includes over 25 annual events through 2022. LiveXLive has streamed over 1200 artists since January 2020 and reported over 81 million views in 2020, enhancing its position as a key platform for music content.

Positive
  • Exclusively streaming the iHeartCountry Festival enhances LiveXLive's content offerings.
  • Partnership with iHeartMedia continues to provide access to over 25 events annually.
  • LiveXLive reported over 81 million views in 2020, indicating strong audience engagement.
Negative
  • None.

LOS ANGELES, Sept. 23, 2020 /PRNewswire/ -- LiveXLive Media (NASDAQ: LIVX) ("LiveXLive"), a global platform for livestream and on-demand audio, video and podcast content in music, comedy, and pop culture, announced today that it will exclusively stream the 2020 iHeartCountry Festival Presented by Capital One, originally scheduled for May 2 at the Frank Erwin Center in Austin, Texas on October 23. The seventh annual event, recorded live on one stage in Nashville,  features performances from Dierks Bentley, Lady A, Sam Hunt, Kane Brown, Kelsea Ballerini, Dustin Lynch, Jon Pardi, Riley Green, Special Performances by Morgan Evans and Gabby Barrett and Guest Appearance by Bobby Bones.

This marquee event is part of the LiveXLive multi year partnership with iHeartMedia (NASDAQ: IHRT), which runs through 2022 and includes more than 25 iHeartRadio festivals and theater shows annually– the iHeartRadio Podcast Awards, the 98.7 ALT Summer Camp, the iHeartCountry Veteran's Day event, iHeartRadio's CES event and the iHeartRadio Music Festival and iHeartRadio Jingle Ball -- to international audiences.

"We are excited to continue our partnership with iHeart and bring amazing music content to fans at a time when people most need it" said Dermot McCormack, president of LiveXLive. "The  iHeartCountry Festival is one of our most popular events and this years lineup is stellar"

The iHeartCountry Festival is an iHeartMedia Production. Capital One will be the national presenting partner for the event. Proud partners of this year's event include Country Crock®, Jane, Progressive® Insurance, Tito's Handmade Vodka and St. Jude Children's Research Hospital as the exclusive charity partner.

The LiveXLive platform offers livestream concerts, festivals, music news, docu-reality series and interviews as well as on-demand audio and audio playlists and podcasts. In 2020, LiveXLive's library has garnered over 81 million views worldwide. LiveXLive has powered global pay-per-view and livestream hits with some of the world's most renowned talent including Monsta X, Darius Rucker, Kygo, Jimmy Buffett, OneRepublic, Zac Brown, Sofi Tukker, Darius Rucker, Graham Parker, John Hiatt, John Butler, Michael Franti, Nahko, Trevor Hall, FINK, Mike Love, Rising Appalachia, Krishna Das, Big Gigantic, Hot Chelle Rae, Lauren Jauregui, Billy Joel, Bon Jovi, Chris Rock, Idina Menzel, Jennifer Lopez, Sullivan King, Quix, Nitti Gritti, Dr. Fresch, Champagne Drip, and Pegboard Nerds.

LiveXLive's platform provides an end-to-end solution for artists and bands to go direct to consumer, monetize performances and digital touring, as well as sell merch and reach new audiences across LiveXLive's apps, site and OTT channels on Amazon, Apple TV, DISH Sling, Roku and Samsung TVs.

About iHeartMedia
iHeartMedia (NASDAQ: IHRT) is the number one audio company in the United States, reaching nine out of 10 Americans every month – and with its quarter of a billion monthly listeners, has a greater reach than any other media company in the U.S. The company's leadership position in audio extends across multiple platforms, including more than 850 live broadcast stations in over 160 markets nationwide; through its iHeartRadio digital service available across more than 250 platforms and 2,000 devices; through its influencers; social; branded iconic live music events; other digital products and newsletters; and podcasts as the #1 commercial podcast publisher. iHeartMedia also leads the audio industry in analytics, targeting and attribution for its marketing partners with its SmartAudio product, using data from its massive consumer base. Visit iHeartMedia.com for more company information.

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 1200 artists since January 2020, has become a go-to partner for the world's top artists and celebrity voices as well as music festivals 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. The Company's wholly-owned subsidiary, PodcastOne, generates more than 2.1 billion downloads annually across more than 300 podcasts. For more information, visit www.livexlive.com and follow us on Facebook, Instagram, TikTok, Twitter at @livexlive, and YouTube.

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 or acquisition 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 transaction will not occur; 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 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, 2020, filed with the U.S. Securities and Exchange Commission (the "SEC") on June 26, 2020, Quarterly Report on Form 10-Q for the quarter ended June 30, 2020, filed with the SEC on August 14, 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:
The Rose Group
Lynda@therosegrp.com 
Isabela@Therosegrp.com

LiveXLive IR Contact:
310.529.2500
ir@livexlive.com 

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SOURCE LiveXLive Media, Inc.

FAQ

What is LiveXLive streaming on October 23, 2020?

LiveXLive is streaming the 2020 iHeartCountry Festival on October 23, originally scheduled for May 2.

Which artists will perform at the iHeartCountry Festival?

Artists include Dierks Bentley, Lady A, Sam Hunt, Kane Brown, and Kelsea Ballerini.

How does the iHeartMedia partnership benefit LiveXLive?

The partnership allows LiveXLive to stream over 25 events annually, enhancing its content reach.

What stock symbols are associated with LiveXLive and iHeartMedia?

LiveXLive is traded under the symbol LIVX, and iHeartMedia is traded under IHRT.

How many views did LiveXLive achieve in 2020?

LiveXLive garnered over 81 million views worldwide in 2020.

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