WEST HOLLYWOOD, Calif.,
Sept. 5, 2018 /PRNewswire/
-- LiveXLive Media, Inc. (NASDAQ:
LIVX) ("LiveXLive"), a global digital media company
focused on live entertainment, announced today that it has signed
an exclusive global distribution and livestream content agreement
with the Rolling Loud Festival for its upcoming 2018 Bay Area and
Los Angeles Rolling Loud-branded Festivals. In addition to having
the rights to livestream these festivals, certain original content
related to these festivals will be produced and distributed by
LiveXLive, expanding its long-standing commitment to -- and success
in -- the genre.
Created by Tariq Cherif and Matt
Zingler, Rolling Loud started as a one day festival in
Miami and has since expanded to a
multi-day event organized in at least three major markets. Only
three years after its inception, Billboard wrote that the
Rolling Loud Festival had "earned the crown as the premier hip-hop
festival in the country."
"Rolling Loud is an exciting addition to our festival
portfolio," said Rob Ellin, the
Chairman and CEO of LiveXLive. "Hip-hop has become the
most-streamed genre of music, and with Rolling Loud, LiveXLive will
provide a livestreaming element at a scale that has never before
been accessible to fans. We've had significant success with
streaming artists including Travis
Scott, Chance the Rapper, T-Pain, and others, and our
partnership with Rolling Loud reaffirms our commitment to bring the
biggest names and hottest new artists in hip-hop to a global
audience. Tariq and Matt have created a festival that has garnered
tremendous acclaim and delivered explosive year-over-year growth,
and we're thrilled that our audience can now experience it from the
best seat in the house, anywhere in world."
"We are ecstatic about expanding the reach of this year's
Rolling Loud Bay Area and Los Angeles Festivals beyond the festival
grounds through LiveXLive's and Rolling Loud's media platforms and
giving the world an opportunity to witness first-hand the
high-energy performances that make Rolling Loud Festival one of the
world's premier hip-hop music festival experiences," said
Brian Oliver, General Counsel and
Director of Legal & Business Affairs of Rolling Loud.
LiveXLive's stated goal is to become the leading producer and
distributor of live music content. The company plans to
stream more than 27 music festivals and concerts across the globe
with over 350 hours of live content during its 2019 fiscal year.
The addition of the 2018 Rolling Loud Festival Bay Area and
Los Angeles editions tracks
significant progress toward LiveXLive's objective.
About LiveXLive Media, Inc.
LiveXLive Media, Inc. (NASDAQ: LIVX) (the "Company") is a global
digital media company focused on 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 West Hollywood, CA. For more information,
visit us at www.livexlive.com and follow us on Facebook, Instagram
and Twitter at @livexlive.
About Rolling Loud
Rolling Loud Festival is one of rap's premier music festival
experiences and the largest hip-hop festival brand in the world.
The festival was the brainchild of co-founders Tariq Cherif and
Matthew Zingler, who began
organizing hip-hop shows throughout the State of Florida in 2010. The two created
Rolling Loud Festival in 2015 as a one-day festival for 6,000
attendees. Four years later, the festival's Miami chapter has expanded into a successful
three-day event, drawing nearly 180,000 attendees to Miami Gardens, Florida over the festival
weekend in May of 2018, with the Festival expanding worldwide,
arriving in the Bay Area on
September 15-16, 2018 at Oakland
Coliseum in Oakland, California
and in Los Angeles on December 14-15, 2018 at a soon-to-be-announced
venue located in downtown Los Angeles.
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," "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. 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, the
Company's Quarterly Report on Form 10-Q filed with the SEC on
August 20, 2018 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.
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SOURCE LiveXLive Media, Inc.