LiveXLive's StudioOne Strikes Licensing Deal For Its First Original Digital Franchise; Ficto Will Distribute Competition/Trivia Series Dread For Cred
LiveXLive Media (NASDAQ: LIVX) announced a licensing deal for its first original series Dread for Cred through its new division, StudioOne, in partnership with FICTO, a mobile streaming network. The show is a competitive trivia series set for 18 episodes, starting production in June 2021, with a fall release anticipated. The collaboration aims to enhance audience engagement and leverage StudioOne's goal of diversifying content for various platforms, bolstering LiveXLive's streaming services. The company recently raised its 2021 revenue guidance due to core business performance.
- First original series Dread for Cred set to begin production, enhancing content offerings.
- Partnership with FICTO targets mobile audiences, likely increasing viewership.
- Raised revenue guidance for 2021 based on solid performance in core business.
- None.
LOS ANGELES, May 25, 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 that its recently launched original content division, StudioOne, struck a licensing deal for the studio's first original series in partnership with FICTO, the world's first free, interactive mobile streaming network/AVOD platform. The deal will tap into StudioOne's mission to deliver original content to both LiveXLive owned and operated channels, as well as third party platforms like Ficto.
Under the new deal, Ficto will distribute StudioOne's first originally-produced series titled Dread for Cred— a competitive trivia-style show in the vein of Fear Factor and throw back show Double Dare. Contestants will come from the world of social media helping drive engagement and viewership. The high energy competition is set for a season one order of 18 episodes and will begin production in June and would likely be available to audiences in the fall of 2021.
"StudioOne is focused on creating a wide array of long and short form digital content. Developing and producing Dread for Cred with Ficto is a perfect maiden project for our studio," stated Andy Vick, Head of Programming and EVP of StudioOne. "The series is an incredibly fun and slightly disturbing show that aligns perfectly for Ficto's engaged mobile audience. We are excited about our relationship with Ficto and the endless possibilities for audience reach and entertainment."
"With our focus on programming that targets specific fan bases and audiences, this series could not be more perfect for our platform," noted Ficto's Head of Marketing Marc Rashba.
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 ("PPV"), and livestreaming. Its 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 StudioOne
StudioOne is focused on developing and distributing new original programming and tentpole events across the LiveXLive platform, including LiveXLive's OTT linear channels, social media channels, and network. The StudioOne division will create and expand content through long and short form content focused on driving subscribers, sponsors, and new revenue streams across the LiveXLive flywheel - "listen, watch, attend, engage and transaction" - of audio, video, podcast/vodcasts.
About Ficto
Based in Los Angeles, Ficto is a free premium-quality, interactive streaming service optimized for mobile. Ficto offers shows and series ranging from original dramas and licensed film adaptations, to comedies, docuseries, talk shows, game shows, news, and more. Ficto is a mobile-first interactive storytelling platform optimized for vertical or horizontal viewing on any mobile device that makes audiences a part of what's happening. Unlike traditional, one-way static viewing of streaming movies and shows, Ficto puts viewers at the center of the streaming experience with an arsenal of interactive features that enable two-way engagement. Ficto's programming is centered on niche audiences and fan bases who are often underserved. For more, visit: https://www.ficto.tv/.
About LiveXLive Media, Inc.
Headquartered in Los Angeles, California, LiveXLive Media, Inc. (NASDAQ: LIVX) (the "Company") (pronounced Live "by'' Live) is a leading global all-in-one streaming artist-first platform delivering premium music and entertainment content and livestreams from the world's top artists, expertly curated streaming radio stations, podcasts, and original video and audio on-demand content, as well as personalized merchandise, connecting artists to millions of fans every day. The Company has streamed over 1,800 artists since January 2020 and has created a valuable connection between bands, fans and brands by building long-term franchises in audio, video, podcasting, pay-per-view (PPV), livestreaming, and specialty merchandise. LiveXLive is available on iOS, Android, Roku, Apple TV, and Amazon Fire, and through OTT, Samsung TV, STIRR, Sling, and XUMO, in addition to its own app, online website and social channels. The Company's wholly owned subsidiary PodcastOne, generates more than 2.25 billion downloads per year with 400+ episodes distributed per week across a stable of hundreds of top podcasts. The Company's other major wholly owned subsidiaries are LiveXLive, Slacker Radio, React Presents and Custom Personalization Solutions. 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:
aileen@livexlive.com
917.842.9653
brittany@therosegrp.com
614.226.9542
lyndadorf@therosegrp.com
424.645.4620
LiveXLive IR Contact:
ir@LiveXLive.com
310.601.2505
View original content to download multimedia:http://www.prnewswire.com/news-releases/livexlives-studioone-strikes-licensing-deal-for-its-first-original-digital-franchise-ficto-will-distribute-competitiontrivia-series-dread-for-cred-301299049.html
SOURCE LiveXLive Media, Inc.
FAQ
What is the new series launched by LiveXLive Media?
When will <i>Dread for Cred</i> be available to audiences?
What is the focus of LiveXLive's new division, StudioOne?
Who is distributing the series <i>Dread for Cred</i>?
How has LiveXLive's revenue guidance changed for 2021?
