LiveXLive has become a go-to platform for live streaming events that combine music with pop culture of podcasting, sports, arts, fashion, culinary and comedy. LiveXLive recently raised revenue guidance for its 2021 fiscal year based on strength in its core businesses. Its model includes multiple monetization paths including subscription, advertising, sponsorship, merchandise sales and ticketing. LiveXLive's talent-centric platform is focused on providing outsized value to superfans and building long term franchises in audio music, podcasting, OTT linear channels, pay-per-view, and livestreaming. We appreciate the confidence our institutional investor has shown by making this investment in both our management team and business model.' LiveXLive CEO and Chairman, Robert Ellin, commented, 'With LiveXLive experiencing momentum across the core segments of our business, adding $15 million of cash gives us both the liquidity and the balance sheet strength to accelerate some near-term growth opportunities, namely across subscription, distribution, pay-per-view and podcasting. (Nasdaq: LIVX) ('LiveXLive'), a global platform for livestream and on-demand audio, video and podcast content in music, comedy and pop culture, announced today that it has completed a $15.0 million senior secured convertible note financing with a major existing institutional shareholder.

17, 2020 /PRNewswire/ - LiveXLive Media, Inc.

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