LiveXLive Media, Inc.
Audio, video, live and on-demand social music network provides the best end-to-end music platform for fans, bands, and brands
LOS ANGELES, March 13, 2020 /PRNewswire/ -- LiveXLive Media, Inc. (NASDAQ: LIVX) ("LiveXLive"), a global digital media company focused on live entertainment, today announced that its streaming music service "LiveXLive" has been recognized by PC Magazine as "one of the most complete streaming music services on the market today," and has received its Editors' Choice Award.
Combining LiveXLive's best-in-class livestreaming capabilities with the curatorial excellence of Slacker Radio -- acquired by LiveXLive in December 2017 -- the streaming music service brings recorded audio together with live and on-demand video. The unified offering, designed to create the ultimate personalized video, audio and social destination for music fans, was launched in May 2019.
"This award is a testament to the success of combining Slacker and LiveXLive into a unified app," said Rob Ellin, Chairman and CEO of LiveXLive. "We know that our users love LiveXLive -- we see it in the length of their engagement -- so it's awesome to be acknowledged by PCMag as we hit important milestones in active subscriber numbers and add to our exclusive audio, video and original content offerings."
LiveXLive acquired Slacker Radio in December 2017 as part of a larger business strategy to become the dominant source for premium music in audio, livestreamed performances and on-demand video for a broad audience of music fans worldwide. Through its owned platform, social syndication and partnerships with companies such as Samsung, Tencent, Sinclair Media's STIRR, and Tesla, LiveXLive content reaches a diverse, global audience of active music consumers.
Accessible on the web as well as on devices from the car to the home, LiveXLive brings music fans the best seat in the house for festivals, concerts and events worldwide, a curated-by-people audio selection of millions of recorded songs, original programming segments comprised of live performances, podcasts, artist interviews, lifestyle segments, and show pilots. The company operates a live events business and offers branded entertainment, content development, advertising, merchandising, and livestreaming services. For more information about LiveXLive, please visit www.livexlive.com.
About LiveXLive Media, Inc.
Headquartered in Los Angeles, California, LiveXLive Media, Inc. (NASDAQ: LIVX) (the "Company") is a global digital media company focused on live entertainment. The Company operates LiveXLive, 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, the Montreux Jazz Festival, and many others. LiveXLive also gives audiences access to premium original content, artist exclusives and industry interviews. For more information, visit www.livexlive.com and follow us on Facebook, Instagram and Twitter at @livexlive.
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 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, successfully implementing the Company's growth strategy, including relating to its technology platforms and applications, management's relationships with industry stakeholders, changes in economic conditions, competition, 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, 2019, filed with the U.S. Securities and Exchange Commission (the "SEC") on June 24, 2019, Quarterly Report on Form 10-Q for the quarter ended December 31, 2019, filed with the SEC on February 7, 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.
LiveXLive Recognized As "Most Complete Streaming Music Service On The Market" By PC Mag