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LiveXLive Media, Inc. (Nasdaq: LIVX) announced the full payoff of approximately $9.0 million of its senior secured debentures effective August 31, 2020. CEO Robert Ellin highlighted that the company's net current equity position increased by over $25 million since the last report on June 30, 2020, due to improved operating results. This financial milestone positions LiveXLive to continue accelerating its business initiatives towards profitability.
LiveXLive Media, Inc. (NASDAQ: LIVX), a key player in livestream and on-demand content, announced participation in several investor conferences. The LD Micro 500 Virtual Conference is set for September 1, 2020, at 11:00 am PT, followed by the D.A. Davidson Software and Internet Virtual Conference on September 9 at 6:15 am PT, and the H.C. Wainwright Global Investment Virtual Conference on September 14 at 12:00 pm PT. Webcasts will be available on their investor relations site. LiveXLive has streamed over 1200 artists and produced successful events like "Music Lives," attracting 50 million views.
LiveXLive Media (NASDAQ: LIVX) has signed a production and distribution deal with sisters Sistine and Sophia Stallone for their podcast and vodcast titled "UNWAXED," which launched on August 25, 2020. The show features discussions on adulting, pop culture, and lifestyle, often including celebrity guests. This deal expands PodcastOne's growing portfolio of audio and video content, aligning with their Vodcast Network launched in 2020. The Stallone sisters, with substantial social media followings, are expected to draw new listeners to the platform.
LiveXLive Media (NASDAQ: LIVX) has partnered with Strax Networks Inc. to integrate the StraxAR™ augmented reality platform into its services. This collaboration aims to enhance fan engagement through exclusive content and interactive experiences during livestreams and Pay-Per-View events. The technology will allow fans to enjoy behind-the-scenes access and purchase items showcased in videos. CEO Robert Ellin emphasized the potential for expanding creative opportunities for artists, while Strax Networks aims to revolutionize media engagement.
LiveXLive Media, Inc. (NASDAQ: LIVX) partners with activist Erin Brockovich to launch the podcast "Superman's Not Coming with Erin Brockovich," which aims to inspire activism and social justice. The podcast debuts on August 21, 2020, available on PodcastOne and major platforms like Apple and Spotify. It coincides with the release of Brockovich's book, also titled "Superman's Not Coming," set for August 25, 2020. This collaboration enhances PodcastOne's woman-led programming lineup, featuring notable guests such as Ellen Page and Senator Barbara Boxer.
LiveXLive Media (NASDAQ: LIVX) announced its partnership with Modern Drummer to honor late drummer Neil Peart at the 20th annual Modern Drummer Festival on September 12, 2020. The festival will be a Pay-Per-View event, with ticket sales starting at $14.99 on August 26, 2020. LiveXLive aims to celebrate drumming talent globally, featuring numerous prominent drummers and artists. The company has successfully sold tens of thousands of Pay-Per-View tickets across 96 countries, generating $850,000 in ticket sales from previous events.
LiveXLive Media (NASDAQ: LIVX) has announced a new Vodcast partnership with social media influencers Amanda Cerny and Jacqueline Fernandez. The show, titled "FEELS GOOD," will offer weekly updates on inspiring news, culture, and wellness topics. Cerny boasts over 45 million followers, while Fernandez has over 90 million on various platforms. LiveXLive aims to leverage their massive audiences, promoting the Vodcast alongside its flagship programming. This collaboration highlights efforts to amplify female voices within the podcasting space, targeting a market with over 2.1 billion annual downloads on PodcastOne.
LiveXLive Media (NASDAQ: LIVX) is set to livestream Feelin' A-Live, a virtual table read of the classic film Fast Times at Ridgemont High, featuring an all-star cast including Jennifer Aniston and Brad Pitt. The event, scheduled for August 21, 2020, at 8 PM ET, aims to raise funds for CORE and REFORM Alliance. LiveXLive's platform has seen substantial use, delivering over 81 million live stream views in 2020. The event will be accessible via LiveXLive’s platform and social channels, hyping up audience engagement during the ongoing pandemic.
LiveXLive Media (NASDAQ: LIVX) announced a partnership with 11E1even Group to live stream "VOTE READY, a Concert for Voter Registration" on August 14, 2020. The event, featuring artists like The War on Drugs and Fleet Foxes, aims to promote voter registration with tickets priced at $20. LiveXLive has hosted over 100 shows and sold thousands of PPV tickets in 96 countries, with an average ticket price of $27. Their recent PPV event sold VIP tickets in under two minutes, generating $850,000 in sales.
LiveXLive Media (NASDAQ: LIVX) reported significant early success in its Pay-Per-View (PPV) platform, selling over 32,000 tickets across 96 countries, generating more than $850,000 since May 2020. The initiative aims to provide revenue for artists during COVID-19 by offering fans unique concert experiences. LiveXLive has streamed 71 live events and over 1,200 artists in 2020, marking increases of 470% and 1,100%, respectively. The platform has attracted over 88 million views and boasts a strong subscriber base.
