WEST HOLLYWOOD, Calif.,
March 26, 2019 /PRNewswire/
-- LiveXLive Media, Inc. (NASDAQ: LIVX) ("LiveXLive"), a
global digital media company focused on live entertainment,
announced today an exclusive multi-year agreement with iHeartMedia
that combines content, production, distribution and promotion. The
newly expanded partnership gives LiveXLive exclusive global
livestreaming rights for 17 iHeartRadio marquee events this year,
including iHeartRadio's ALTer Ego,
iHeartCountry Festival, iHeartRadio Wango Tango, Daytime Stage
at the iHeartRadio Music Festival and iHeartRadio Fiesta Latina, as
well as licensing and streaming rights for select iHeartRadio
Theater shows. Located in both New
York and Los Angeles, the
iHeartRadio Theaters bring fans intimate performances from top
recording artists as well as unique events such as exclusive
iHeartRadio Album Release Parties.
The partnership will also feature new co-produced and
co-promoted video content for fans including a co-created
iHeartRadio channel on LiveXLive built on an extensive library of
content.
"From the start, our mission has been to deliver the 'best seat
in the house' to fans of all genres of music," said Robert Ellin, CEO and Chairman of LiveXLive.
"This deal immediately allows us to expand and diversify our
programming through iHeartMedia's reach of a quarter of a billion
people across radio, digital, social and more. Our partnership with
iHeartMedia is a powerful win for fans, bands and
brands."
"We are all about connecting great artists with their fans in
every way we can," said John Sykes,
President of Entertainment Enterprises for iHeartMedia. "This
partnership with LiveXLive will expand the reach of our one of a
kind iHeartRadio events and theater shows to new audiences."
LiveXLive has streamed more than 24 music festivals, concerts
and other live music events across the globe featuring over 400
hours of live content during its 2019 fiscal year. The
company continues to expand its offering, with 50 music festivals
and concert livestreams planned for the 2020 fiscal year, in
addition to original series programming, single artist concerts,
"LiveXLive Presents," and award show content.
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 music streaming
platforms; 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. 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 iHeartMedia
iHeartMedia is the number one audio company in the United States, reaching nine out of 10
Americans every month – and with its quarter of a billion monthly
listeners, has a greater reach than any other media company in the
U.S. The company's leadership position in audio extends across
multiple platforms including 850 live broadcast stations; streaming
music, radio and on demand via its iHeartRadio digital service
available across more than 250 platforms and 2,000 devices
including smart speakers, digital auto dashes, tablets, wearables,
smartphones, virtual assistants, TVs and gaming consoles; through
its influencers; social; branded iconic live music events; and
podcasts as the #1 commercial podcast publisher globally.
iHeartMedia also leads the audio industry in analytics and
attribution technology for its marketing partners, using data from
its massive consumer base. iHeartMedia is a division of
iHeartMedia, Inc. (PINK: IHRTQ).
Visit iHeartMedia.com for more company
information.
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 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 February 13, 2019, 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.