LiveXLive's React Presents Announces First Wave Of 2021 Concerts With 65+ Live Performances Confirmed Spanning A Wide Array Of Genres
LiveXLive Media (NASDAQ: LIVX) announced a strong return to live events with over 65 performances confirmed for 2021, featuring more than 200 artists across genres including EDM and Hip-Hop. The events will be held in cities like Chicago and Detroit, with plans to expand to Milwaukee and Louisville. Unique fan experiences will be offered, such as exclusive video content and NFT collectibles. Following a sold-out show by Boogie T, the company also reported an increase in revenue guidance for the fiscal year, highlighting its successful adaptation in the live entertainment sector.
- Confirmed over 65 live performances for 2021 featuring over 200 artists.
- Successful first show back with Boogie T sold out, indicating strong demand for live music.
- Increased revenue guidance for the 2021 fiscal year based on core business strength.
- Introduction of unique fan experiences, including exclusive content and cryptocurrency ticket purchases.
- None.
LOS ANGELES, July 1, 2021 /PRNewswire/ -- React Presents, a subsidiary of LiveXLive Media (NASDAQ: LIVX) ("LiveXLive"), a global platform for live stream and on-demand audio, video and podcast/vodcast content in music, comedy, and pop culture, and owner of PodcastOne, Slacker Radio, Custom Personalization Solutions and React Presents, announced the first wave of a fully-stocked lineup of 65+ live shows featuring over 200 artists performing over the course of 2021. These performances will cross over a wide variety of genres including EDM, Alternative, R&B and Hip-Hop, and will take place in Chicago and Detroit, and will be expanding programming to four additional markets, including Milwaukee and Louisville. Each live event will offer unique fan experiences, including LiveXLive audio playlists, unique exclusive video content from the event to drive registration to the LiveXLive app to listen and watch at home, LiveXLive subscriptions, NFT collectibles, specialty merch to meet and greets plus the ability to purchase event tickets with cryptocurrency, all of which taps into LiveXLive's flywheel: listen, watch, attend, engage and transact. Additional live shows and talent to be announced weekly over the coming months.
Fans' desire for live music is at an all-time high, and React Presents' first show back, featuring genre blending bass mastermind Boogie T, sold out the Concord Music Hall in Chicago on June 11, 2021 for the first full capacity show of the year in Chicago. React Presents has over 25 events on sale now and counting. For tickets and full calendar of events visit: reactpresents.com.
Events announced & on-sale now include:
- Headline performances by Louis The Child, Loud Luxury, Flux Pavilion, Lane 8, Chase Atlantic, Waterparks, Toosii, Pouya, CloZee & more.
- React Presents' renowned festival, Spring Awakening, will be debuting its Autumn Equinox in August, featuring can't-miss performances by Martin Garrix, Diplo, and Excision.
"LiveXLive and React Presents integration has allowed us to quickly adapt to the return of live events," says Brian Griffin, Director of React Presents. "After over a year with no live events at full scale, I think everyone has a new appreciation of live events and excitement for tour announcements. The energy in the room for our June 11th show with Boogie T, which was the day venues returned to full capacity in Chicago, was electric."
Veteran live events and festival producer Sig Greenebaum brings his insight and experience to the LiveXLive team as Chief Advisor to the CEO with focus on Spring Awakening Music Festival, in addition to expanding LiveXLive's live events footprint globally. Greenebaum has produced and marketed marquee festivals such as Voodoo Festival in New Orleans along with leading Blizzard Entertainment's Overwatch League as Global Head of Live Events.
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 raised revenue guidance for its 2021 fiscal year based on strength in its core businesses.
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. LiveXLive Media'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 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 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 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, 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 December 31, 2020, filed with the SEC on February 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@livexlive.com
917.842.9653
LiveXLive IR Contact:
ir@LiveXLive.com
310.601.2505
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SOURCE LiveXLive Media, Inc.
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