SRAX Partners with LiveXLive to Offer First Music Rewards on BIGtoken

Date : 07/24/2019 @ 1:25PM
Source : PR Newswire (US)
Stock : SRAX Inc (SRAX)
Quote : 1.6  0.0 (0.00%) @ 8:59AM

SRAX Partners with LiveXLive to Offer First Music Rewards on BIGtoken

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LOS ANGELES, July 24, 2019 /PRNewswire/ -- SRAX (NASDAQ: SRAX), a digital marketing and consumer data management technology company, and LiveXLive Media, Inc. (NASDAQ: LIVX) ("LiveXLive"), a global digital media company focused on live entertainment, today announced they have entered into a strategic partnership designed to increase each platform's user base while generating data-based insight.  

SRAX (PRNewsfoto/SRAX)

SRAX's BIGtoken, a platform for people to own and earn from their personal data, will enable its 16 million users to exchange their points, which are earned by sharing data, for LiveXLive premium subscriptions. BIGtoken will also reward points for users who refer family and friends to LiveXLive. Correspondingly, as BIGtoken drives users to LiveXLive, LiveXLive will drive users to BIGtoken by introducing its 30 million addressable users to BIGtoken opportunities. Existing users of LiveXLive and BIGtoken who join the BIGtoken platform will earn BIGtoken reward points for connecting their accounts.

In addition to bringing new users to both platforms, data related to music choices and listening habits will be used to enhance and personalize the LiveXLive experience. The permission-first, transparent data transactions offered by BIGtoken will also provide advertisers additional tools to identify and target specific audiences.

"We're proud to give people more ways to earn from their data while holding to our promise of transparency and security," said Christopher Miglino, CEO and founder of SRAX. "We anticipate that this partnership will drive a significant number of new subscribers to LiveXLive while driving many new users to BIGtoken. Your data is valuable, and we are proving that this can translate to amazing services like LiveXLive."

"SRAX will introduce LiveXLive to millions of users, and we expect a commensurate growth in subscribers. We have consistently seen that when people discover LiveXLive, they quickly become a part of our global community. In addition, the data generated through BIGtoken will elevate the LiveXLive experience for subscribers, artists, and advertisers, further strengthening our mission of connecting bands, brands, and fans," said Robert Ellin, CEO and chairman of LiveXLive.     

A next generation live social music platform, LiveXLive has globally live streamed premiere music festivals from all over the world, producing in excess of 360 hours of original content, featuring more than 440 artists. In addition, the company has developed a slate of original programming that includes more than 300 pieces of short-form content comprised of live performances, podcasts, artist interviews, lifestyle segments, and show pilots since May of 2018.

About SRAX
SRAX (NASDAQ: SRAX) is a digital marketing and consumer data management technology company. SRAX's technology unlocks data to reveal brands' core consumers and their characteristics across marketing channels. Through its blockchain identification graph technology platform, BIGtoken, SRAX has developed a consumer-managed data marketplace where people can own and earn from their data thereby providing everyone in the Internet ecosystem choice, transparency, and compensation. SRAX's tools deliver a digital competitive advantage for brands in the CPG, automotive, investor relations, luxury, and lifestyle verticals by integrating all aspects of the advertising experience, including verified consumer participation, into one platform. For more information on SRAX, visit www.srax.com.    

About LiveXLive Media, Inc.
Headquartered in West Hollywood, 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. 

Safe Harbor Statement
This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words or expressions such as "anticipate," "plan," "will," "intend," "believe" or "expect'" or variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including, without limitation, statements made with respect to expectations of our ability to increase our revenues, satisfy our obligations as they become due, report profitable operations and other risks and uncertainties, as set forth in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, as filed with the Securities and Exchange Commission. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, many of which are generally outside the control of Social Reality and are difficult to predict. Social Reality undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACTS 
Kirsten Chapman, LHA Investor Relations, 415-433-3777, srax@lhai.com 
Nicole Rodrigues, NRPR Group, 650-815–5069, Nicole@nrprgroup.com  

 

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SOURCE SRAX

Copyright 2019 PR Newswire

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