LiveXLive's React Presents Announces Its First-Ever Spring Awakening Music Festival (SAMF) Virtual Experience, Presented By Corona Electric Beach Benefiting MusiCares

Rhea-AI Summary

LiveXLive Media, a live-streaming platform, announced the launch of the first-ever digital Spring Awakening Music Festival on July 4-5, 2020. This festival, in partnership with Corona Electric Beach, aims to unify virtual and real-life concert experiences, featuring renowned artists like Krewella and Claude VonStroke. With 22 performers, the event will include exclusive merchandise, artist interviews, and meet-and-greets. The festival also supports the MusiCares Covid-19 Relief Fund. LiveXLive sees this as a significant opportunity to enhance its business model and expand its audience nationwide.

Positive

• Launch of Virtual Spring Awakening Music Festival on July 4-5, 2020.
• Event features 22 artists, enhancing LiveXLive's content library.
• Potential to innovate and expand LiveXLive's business model to a national audience.
• Supports charity through MusiCares Covid-19 Relief Fund.

Negative

• No significant financial metrics or projections provided to assess impact on revenue.
• Possible reliance on event success for future growth amidst competition.

CHICAGO, June 30, 2020 /PRNewswire/ -- React Presents, LLC, a subsidiary of -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-1%26h%3D3776556477%26u%3Dhttp%253A%252F%252Fwww.livexlive.com%252F%26a%3DLiveXLive%2BMedia%252C%2BInc.&a=." rel="nofollow">. (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 the Midwest's largest all-electronic music festival, Spring Awakening Music Festival ("SAMF"), is going digital with a new virtual experience on July 4^th and 5^th, 2020 streaming on LiveXLive, in partnership with Corona Electric Beach benefiting MusiCares. React Presents also announced the festival's lineup including Claude VonStroke, Bear Grillz, Krewella and Shiba San confirmed for the two-day event.

Virtual Spring Awakening Music Festival will be featuring 22 artists performing across the country as the world practices social distancing. Additional talent slated to perform include Chicago's own Birthdayy Partyy,  DJ Yula, Gene Farris, Goodsex, Manic Focus, Porn and Chicken and Win and Woo joined by Destructo, Dr. Fresch, Goldroom, Justin Jay, Kaivon, Ookay, Regard, Shiba San, Slooze b2b Krilla, SNBRN, Vicetone and Westend.

The event will air starting at 3 p.m. CT / 4 p.m. ET on July 4th and end on July 5th at 11:30 p.m. CT / 12:30 a.m. ET. For full schedule and tune-in information visit http://livexlive.com/springawakening. Stock up for Spring Awakening Music Festival 2020 and get Corona delivered to your door. Use code CORONA and save $5, courtesy of Drizly*.

"This is a massive opportunity for us to pilot a new business model for Spring Awakening that unifies a digital and in-real-life concert-viewing experience, and takes it from being a regional event to being truly national," said Dermot McCormack, president of LiveXLive. "This year's lineup and digital ticketing paired with additional perks for subscribers is just the beginning of the vision for the 10th Anniversary Spring Awakening in 2021."

In addition to an eclectic artist lineup, Virtual SAMF 2020 will feature exclusive merch, talent meet-and-greets, interviews with many of the artists, and look-backs at previous years' SAMF festivals -- all available as part of LiveXLive's music news and interview show LiveZone. React Presents will also give away tickets to the 10-year anniversary SAMF in 2021.

Virtual Spring Awakening Music Festival will be encouraging donations to MusiCares Covid-19 Relief Fund supporting various music charity organizations. For more information on each organization visit grammy.com/musicares.

*Drizly code disclaimer: "*21+ New Users Only. Void Where Prohibited. Drizly T&C apply".

About React Presents, LLC
Founded in 2008, React Presents, a subsidiary of LiveXLive Media,  was born out of a passion for curating top-tier live music events that has helped propel Chicago to the forefront of the US music scene. Over the past decade, React Presents has grown into one of the premier largest concert promoters in the Midwest, producing several major music festivals and over 400 concerts annually in Chicago, Milwaukee, Detroit and more. It was acquired by LiveXLive in early 2020 to extend LiveXLive's live event production and festival business and scale its live streamed content library. 

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 1000 events in 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. 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=%C2%A0" rel="nofollow"> -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=%C2%A0" rel="nofollow"> -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=%C2%A0" rel="nofollow"> -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=%C2%A0" rel="nofollow"> -1%26h%3D1850915586%26u%3Dhttps%253A%252F%252Fbit.ly%252Flivexlive-yt%26a%3DYouTube&a=YouTube" rel="nofollow">YouTube.

About Corona Electric Beach
Featuring world-renowned DJs traveling across the US and partnering with festival pioneers, Corona Electric Beach (CEB) is where "Beats meet the beach," Follow Corona Electric Beach on Instagram, Twitter, & Facebook.

About Constellation Brands
At Constellation Brands, our mission is to build brands that people love because we believe sharing a toast, unwinding after a day, celebrating milestones, and helping people connect, are Worth Reaching For. Today, we are a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Every day, people reach for our high-end, iconic imported beer brands such as Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra, and Pacifico, and our high-quality premium wine and spirits brands, including the Robert Mondavi brand family, Kim Crawford, Meiomi, The Prisoner brand family, SVEDKA Vodka, Casa Noble Tequila, and High West Whiskey. To learn more, follow us on Twitter @cbrands and visit www.cbrands.com.

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 the proposed acquisition of PodcastOne and the timing of the closing of the proposed transaction, including the risks that a condition to closing would not be satisfied within the expected timeframe or at all or that the closing of the proposed 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
212.941.9934
live@factorypr.com

LiveXLive IR Contact:
310.529.2500
ir@livexlive.com

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SOURCE LiveXLive Media, Inc.

FAQ

What is the Spring Awakening Music Festival 2020 event date?

The Spring Awakening Music Festival is scheduled for July 4-5, 2020.

Who are the headliners for the Spring Awakening Music Festival?

The festival will feature artists like Krewella, Claude VonStroke, and Bear Grillz.

How can I watch the Spring Awakening Music Festival?

The festival will be streamed on LiveXLive starting at 3 p.m. CT on July 4.

What partnerships does LiveXLive have for the virtual festival?

LiveXLive partnered with Corona Electric Beach for the Spring Awakening Music Festival.

What is the purpose of the MusiCares Covid-19 Relief Fund?

The fund supports various music charity organizations affected by the Covid-19 pandemic.