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LiveXLive Media Announces Business Milestone Update: Exceeds 25 Million Festival Livestreams In 2018

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LiveXLive Media Announces Business Milestone Update: Exceeds 25 Million Festival Livestreams In 2018

LiveXLive shows impressive growth across key viewership and live performance metrics

PR Newswire

WEST HOLLYWOOD, Calif., July 24, 2018 /PRNewswire/ -- LiveXLive Media, Inc. (NASDAQ: LIVX) ("LiveXLive"), a global digital media company focused on live entertainment, announced today that the company has achieved significant milestones across key viewing and content KPIs, including:

  • LiveXLive achieved 25MM+ livestreams in 2018 to date.
  • These livestreams were generated from views of 8 music festivals, across 10 unique streaming events, including EDC Las Vegas, Rock On The Range, Country 500, Montreux Jazz Festival, Rock in Rio Lisbon and more.
  • More than 175 artists of nearly every music style have been streamed on the company's platform, including Katy Perry, Demi Lovato, Jesse J, the Killers, Jack White, Muse, DeadMau5 and Gucci Mane.
  • Over 120 hours of live music festival content was streamed to fans globally across mobile, connected TV and desktop platforms.
  • The Company has grown its subscriber base to over 489,000.

LiveXLive (PRNewsFoto/Loton, Corp.) (PRNewsfoto/LiveXLive Media, Inc.)

"The LixeXLive team continues to excel in execution across all areas of the business," said Rob Ellin, Chairman and CEO of LiveXLive Media. "We continue to deliver the 'best seat in the house' to the millions of global music fans who have used our platform to connect with their favorite artists, and fellow fans this festival season."

All off this tracks to significant progress toward LiveXLive's stated goals - to be the leading producer and distributor of live music programming, and LiveXLive's plan to stream more than 27 music festivals and concerts across the globe with over 350 hours of live content during its fiscal year, ending March 31, 2019.

About LiveXLive Media, Inc.
LiveXLive Media, Inc. (NASDAQ: LIVX) (the "Company") is a global digital media company dedicated to music and live entertainment. The Company operates LiveXLive, one of the industry's leading live music streaming platforms; Slacker Radio, a streaming music pioneer; and also produces original music-related content. LiveXLive is the first 'live social music network', delivering premium livestreams, digital audio and on-demand music experiences from the world's top music festivals and concerts, including Rock in Rio, EDC Las Vegas, Hangout Music Festival, and many more. LiveXLive also gives audiences access to premium original content, artist exclusives and industry interviews. Through its owned and operated Internet radio service, Slacker Radio (www.slacker.com), LiveXLive delivers its users access to millions of songs and hundreds of expert-curated stations. The Company also operates a social influencer network, LiveXLive Influencers. The Company is headquartered in Beverly Hills, CA. For more information, visit us at www.livexlive.com and follow us on Facebook, Instagram 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," "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.  These factors include uncertainties as to identifying, acquiring, securing and developing content, ability to attract and retain users, ability to maintain compliance with certain financial and other covenants, successfully implementing the Company's and Slacker's growth strategy, including relating to their technology platforms and applications, management's relationships with industry stakeholders, changes in economic conditions, competition, and other risks including, but not limited to, those described from in the Company's 2018 Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on June 29, 2018 and the numerous other factors set forth in the Company's 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.

 

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SOURCE LiveXLive Media, Inc.

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