LiveXLive Media, Inc.
Over 8% of Ticket Bundles Purchase LiveXLive Annual Plus Subscriptions
LOS ANGELES, Oct. 12, 2020 /PRNewswire/ -- LiveXLive Media (NASDAQ: LIVX) ("LiveXLive"), a global platform for livestream and on-demand audio, video and podcast content in music, comedy, and pop culture, announced today that it has generated over $2.0 million in total sales from Pay-Per-View ("PPV") livestream concerts and vodcast/podcasts including ticket sales, merchandise, advertising and sponsorships since launch in May 2020. Over 8% of all PPV ticket buyers also became LiveXLive Annual Plus subscribers.
Recent PPV events include Pitbull, Wonho, Monsta X, Modern Drummer, , Twiddle, and Live From Out There, which has resulted in over 120 PPV shows livestreamed on LiveXLive, including, The Wood Brothers, Goose Bingo Tour, Twiddle Roots Tour, Ani DiFranco's "Prison Sessions", and Virtual Summer Camp Festival. Future exclusive LiveXLive PPV events include top artists such as Pitbull, Nelly, Jeremih, Swae Lee and many more.
"Our livestream pay-per-view and podcast/vodcast offering combines the best of LiveXLive and PodcastOne for artists and superfans to connect through audio and video content," said Dermot McCormack, president of LiveXLive. "The platform provides artists the ability to create, produce, distribute, market and monetize with one company and one team."
On October 17th, LiveXLive will showcase Pitbull's second unique PPV concert. A new VIP limited Timeless Bundle will be revealed this week, featuring a ticket to the October 17th concert and his brand new Timeless sunglasses available on LiveXLive.com for $45.00.
Pitbull's first concert on October 10th was sponsored by Pepsi for its "Unmute Your Voice" campaign. Pitbull 'unmuted' his voice during multiple 'segments' in the performance and encouraged music fans to unmute their voices by registering to vote. Pepsi also shared a post-show sizzle highlighting the show reminding everyone to register to vote. Pepsi is also on board as a brand partner for the launch of Pitbull's new vodcast (podcast and vodcast) "From Negative to Positive", along with StateFarm, which debuted on October 8, 2020 on LiveXLive subsidiary PodcastOne.
LiveXLive's livestream PPV initiative was created as a revenue-share model to support artists during a time when concerts and touring are at a standstill. LiveXLive's PPV platform allows artists to go direct-to-consumer and perform full-length concerts and shows with unique behind the scenes footage, docu-reality-style coverage coupled with premium tiered pricing with tickets that include VIP experiences, exclusive merchandise, digital meet-and-greets, and other event-exclusive perks.
LiveXLive has become a go-to platform for livestreaming events that combine music with pop culture of podcasting, sports, arts, fashion, culinary and comedy. So far in calendar year 2020, LiveXLive content has been viewed over 83 million times. From emerging to established artists, LiveXLive has streamed a variety of artists and celebrities in 2020 alone: Pitbull, Kygo, Jimmy Buffett, OneRepublic, Zac Brown, Sofi Tukker, Darius Rucker, Graham Parker, John Hiatt, John Butler, Michael Franti, Nahko, Trevor Hall, FINK, Mike Love, Rising Appalachia, Krishna Das, Big Gigantic, Hot Chelle Rae, Lauren Jauregui, Billy Joel, Bon Jovi, Chris Rock, Idina Menzel, Jennifer Lopez, Sullivan King, Quix, Nitti Gritti, Dr. Fresch, Champagne Drip, and Pegboard Nerds.
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 1200 artists since January 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. The Company's wholly-owned subsidiary, PodcastOne, generates more than 2.1 billion downloads annually across more than 300 podcasts. For more information, visit www.livexlive.com and follow us on Facebook, Instagram, TikTok, Twitter at @livexlive, and YouTube.
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 or acquisition and the timing of the closing of such proposed transactions, 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 transaction will not occur; 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 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 June 30, 2020, filed with the SEC on August 14, 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.
For LiveXLive: The Rose Group
LiveXLive IR Contact:
LiveXLive Exceeds $2.0 Million In Total Pay-Per-View Sales