LiveXLive's 70th Version Of Its Original Franchise LiveXLive Presents To Feature Performances By Common, Twista, Mario, Chloe Moriondo, Baynk, KOH, DJ Godfather, And Special Guests; Combined Social Media Following Over 30 Million
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.
- The festival is expected to attract considerable viewership and fan engagement, enhancing brand visibility.
- LiveXLive is rebranding to LiveOne, aiming to unify its subsidiaries under a single brand for stronger market presence.
- The ability to combine a live event with a global pay-per-view model could drive increased revenue.
- The company relies on large events for revenue generation, which may be impacted by public health concerns.
- Potential risks associated with executing large-scale events could affect financial performance.
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.
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