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David Schulhof Named Chief Development Officer by LiveXLive Media

LiveXLive Expands Management Team with Hire of Veteran Media, Finance and Music Executive

WEST HOLLYWOOD, Calif., Jan. 22, 2019 /PRNewswire/ -- LiveXLive Media, Inc. (LIVX) ("LiveXLive"), a global digital media company focused on live entertainment, today announced that music industry veteran David Schulhof has joined the company as Chief Development Officer.  In this role, Mr. Schulhof will identify and develop M&A and strategic partnership opportunities, and augment the company's profile in the banking, investment, advisory and capital communities.

David Schulhof, Chief Development Officer, LiveXLive

"Through his unique experience with media and music, David has earned sterling relationships with artists, labels, managers, and agents," said Robert Ellin, Chairman and Chief Executive Officer of LiveXLive.  "In addition to his accomplishments as an entrepreneur, David has had remarkable success as a curator, financier, and producer of original programming such as documentaries, television shows, and music-related films.  His expertise will be of tremendous benefit to LiveXLive as we continue to move forward."

"I have watched Robert and his team quickly build LiveXLive into a premium destination for live music, and I am incredibly excited to be joining the company at a time when more fans are engaged with the live music experience than ever before," said Mr. Schulhof.  "I look forward to working with Robert and his team to help deliver compelling live and original music content to audiences worldwide."

Mr. Schulhof has held senior executive positions in finance at companies including G2 Investment Group, an offshoot of New York private equity firm Guggenheim Partners, where he focused on the firm's media investments. He is also the co-founder and CEO of Evergreen Copyrights, a leading independent global music publishing company which was sold to BMG Rights Management. Mr. Schulhof recently served as a Managing Director and Board Member of MI Acquisitions Inc., which successfully completed a merger with Priority Technology Holdings, Inc. He received a B.A. from Georgetown University and a J.D. from the NYU School of Law.  

About LiveXLive Media, Inc.
LiveXLive Media, Inc. (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 video streaming platforms; and 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.

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 November 14, 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.


LiveXLive (PRNewsFoto/Loton, Corp.) (PRNewsfoto/LiveXLive Media, Inc.)

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