LiveXLive Rebranding to LiveOne – Spinning Out PPV Business – Digital Music News

LiveXLive Media is remannequining to LiveOne as An factor of a restructuring of its enterprise mannequins.As An factor of the transition, the NASDAQ-traded agency Can furtherly change its inventory picture to LVO. LiveXLive furtherly has pl…….

LiveXLive Media is remannequining to LiveOne as An factor of a restructuring of its enterprise mannequins.

As An factor of the transition, the NASDAQ-traded agency Can furtherly change its inventory picture to LVO. LiveXLive furtherly has plans to spin-off its current pay-per-view enterprise as a separate public agency. It plans to distribute a portion of The mannequin new agency’s equity to LiveXLive inventoryholders by March 31, 2022.

The LiveXLive remannequining plan is topic to buying approvals and compliance with legal guidelines for public market buying and promoting and itemizing requirements. As An factor of LiveXLive’s plans to remannequin its companies As a Outcome of the ‘ONE’ mannequin, a quantity of subsidiaries Shall be remannequined.

  • LiveXLive’s podcasting enterprise will stay PodcastOne
  • The music subscription enterprise Slacker Shall be remannequined as SlackerOne
  • LiveXLive’s pay-per-view enterprise Shall be a separate public agency mannequined
  • PPVOne
  • The stay music enterprise, React Presents, will remannequin as ReactOne
  • LiveXLive’s merchandising enterprise will remannequin as PersonalizedMerchOne
  • LiveXLive’s unique content material enterprise will remannequin as StudioOne

‘LiveOne’ builds on mannequin heritage created by the Founding father of Westwood One and PodcastOne – each acquired by LiveXLive in July 2020. LiveXLive recently introduced its Thirteenth consecutive quarter of doc income.

Slacker Radio has Greater than 1.2 million paid subscribers. Since launching its PPV platform, LiveXLive has hosted occasions for Monsta X, WonHo, Darius Rucker, Pitbull, Trey Songz, Trfinishy Drummer Pageant, and others. LiveXLive has generated $21 million in PPV gross sales of packages, sponsorships, manufacturing, and merchandise gross sales Inside The current calfinishar yr.

Chairman and CEO Robert Ellin says the transfer is an evolution of The agency. “We’re excited to announce a remannequining of LiveXLive that displays the evolution of our agency, its accelerated progress, and our imaginative and prescient for The Prolonged time period as ‘ONE’ mannequin,” Ellin said in A press launch.

“Our new LiveONE identify and the associated enterprise unit fashions of ‘ONE’ will further pull collectively our flywheel enterprise mannequin and collectively Discover your self to be synonymous with our mission to be the ‘ONE’ main finish-to-finish expertise-first platform creating, producing, monetizing, advertising, and distributing premium audio and video content material throughout all genres and distribution retailers.”

LiveXLive is headquartered in L. a. and is a expertise-first interactive music, sports activities, and leisure subscription platform. The agency has streamed 1,800 artists since January 2020 with a library of Shut to 30 million songs, with 500 curated radio stations and lots of of pay-per-view channels. LiveXLive May even be The primary staystreaming platform to experiment with NFTs and streaming.

Source: https://www.digitalmusicnews.com/2021/09/15/livexlive-rebranding-liveone/

Leave a Reply

Your email address will not be published. Required fields are marked *