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LiveXLive Media (NASDAQ: LIVX), a leading platform for livestream and on-demand audio and video content, announced that CEO Robert Ellin will present at The Wall Street Conference on May 5, 2021, at 12:55 pm EDT in Palm Beach, Florida. The company focuses on creating a talent-centric experience for superfans and has recently raised its revenue guidance for the 2021 fiscal year, reflecting strength in its core businesses. LiveXLive's diverse monetization strategies include subscription, advertising, and pay-per-view models, helping build long-term franchises in the entertainment space.
LiveXLive Media (NASDAQ: LIVX) announced a Letter of Intent to acquire Modern Drummer Publications, a leading drum magazine with extensive digital reach. The deal, set to close by June 30, 2021, aims to bolster LiveXLive's content offerings, including Modern Drummer's podcasts and events. CEO Robert Ellin emphasized the acquisition's synergy with LiveXLive's business model, providing unique content and experiences to audiences. Modern Drummer's team, including CEO David Frangioni, will continue under LiveXLive as a subsidiary, enhancing the brand's market presence.
LiveXLive Media (NASDAQ: LIVX) announced the appointment of Kris Wright to its Board of Directors, increasing board members to nine. Wright brings over 20 years of experience in the Consumer Products Industry, most recently as Vice President at Nike. His expertise in global marketing and branding is expected to support LiveXLive's growth. The company is known for its talent-centric platform focused on on-demand audio, video, and livestreaming, having recently raised its revenue guidance for the fiscal year 2021.
LiveXLive (Nasdaq: LIVX) has partnered with Cybertino to enhance its position in the NFT market, creating digital collectibles for its events and talent. This multi-year partnership includes a groundbreaking NFT pay-per-view package for the upcoming event, Social Gloves: Battle of the Platforms, on June 12, 2021. Fans attending the event can purchase unique NFTs alongside their PPV livestream. CEO Robert Ellin emphasized innovation in fan experiences through this partnership, while Cybertino's CEO noted the historical significance of this venture.
LiveXLive Media (Nasdaq: LIVX) reported a 29% increase in global livestream views for its franchise The Snubbys: Oscars® Edition, aired on April 23, 2021, compared to the premiere of The Snubbys: Grammy Edition. Hosted by Jeff Ross, the event featured tributes to stars like Tom Hanks and Jodi Foster. LiveXLive aims to expand the franchise to include other award shows, focusing on audience engagement in alternative entertainment content. The platform boasts over 150 million views across its offerings, affirming its growing presence in the digital entertainment industry.
LiveXLive Media (LIVX) has partnered with Queens Gaming Collective, a leading women-driven gaming organization. This collaboration marks LiveXLive's entry into the growing $172 billion gaming industry, projected to reach $190 billion by year-end. The partnership aims to create original content targeting female gamers, capitalizing on their 46% representation in gaming. LiveXLive plans to distribute content across its platforms, including Twitch and YouTube, enhancing visibility for women in gaming while developing new franchises and IP.
LiveXLive Media (NASDAQ: LIVX) announced the expansion of its popular franchise, The Snubbys, with a special Oscars® Edition event. Hosted by comedian Jeff Ross, the show will celebrate deserving talent like Tom Hanks and Spike Lee who did not receive nominations. Scheduled to premiere on April 23, 2021, at 8 PM ET, the event aims to highlight industry snubs in a comedic format, performing on a double-decker bus. The inaugural Snubbys event attracted over 1.3 million global streams, indicating a strong appetite for this unique content.
LiveXLive Media's PodcastOne is set to launch the true crime podcast Final Days on Earth, hosted by CBS News journalist Claire St. Amant, on April 20, 2021. This podcast will delve into the mysterious death of Texas state champion wrestler Dammion Heard, featuring in-depth investigations and interviews. PodcastOne aims to expand its true crime offerings, which already include popular series like Cold Case and American Nightmare. With over 2.25 billion downloads yearly, PodcastOne continues to grow its listener base across various platforms.
On April 12, 2021, LiveXLive Media (Nasdaq: LIVX) announced key executive appointments to enhance strategic growth. Nikki Hart Caldeira joins as Senior VP of Strategic Development, focusing on global partnerships and business development. Ari Molovinsky becomes Senior VP Corporate Development and Strategy, tasked with content acquisition and revenue growth. Jonathan Flax takes on the role of VP of Social Media and Marketing, aiming to boost brand presence. These additions reflect the company's ongoing expansion in the streaming and entertainment sectors.
LiveXLive Media (NASDAQ: LIVX) announced a new partnership with Samsung to offer PodcastOne content on the Samsung Free app. This marks the first time PodcastOne's programming will be accessible on Samsung devices such as the Galaxy S21 and S20 series. PodcastOne boasts over 2.25 billion annual downloads, featuring popular shows like The Adam Carolla Show. With the rise in podcast listenership, this collaboration aims to enhance content accessibility and promote industry growth.
