Agreement Includes Livestreaming, On-site Brand Activation and Original Content Creation
WEST HOLLYWOOD, Calif., Sept. 11, 2018 /PRNewswire/ -- LiveXLive Media, Inc. (LIVX) ("LiveXLive"), a global digital media company focused on live entertainment, and the Life is Beautiful Music & Art Festival have signed a multi-year agreement that establishes LiveXLive as the exclusive global livestreaming platform and original content partner for the festival outside of the United States.
The Life is Beautiful Music & Art Festival, founded in 2013, is one of the fastest-growing music festivals in North America. It brings together music, art, comedy, speakers, influencers and culinary talent to create an event at which "music and art transform, positivity prevails, imagination overwhelms, and creativity thrives." Named "Music Festival of the Year" by Pollstar, the festival is acclaimed for presenting diverse musical lineups featuring superstar headliners alongside emerging and legacy artists. It drew more than 175,000 music fans in 2017.
"The Life is Beautiful Festival is an extraordinary demonstration of music as a unifying lifestyle, perfectly matched to the goals of our platform," said Rob Ellin, Chairman and CEO of LiveXLive. "This festival, as augmented and amplified by LiveXLive, will connect people all over the world to the music they love, and allow them to engage in real-time with our global community of live music fans."
The 2018 Life is Beautiful Music & Art Festival takes place in Downtown Las Vegas on September 21-23. This year's lineup includes The Weeknd, Florence + The Machine, Arcade Fire, Travis Scott, DJ Snake, Odessa, N.E.R.D, Death Cab for Cutie, Tyler, the Creator, and many more. For more information, visit www.lifeisbeautiful.com.
LiveXLive content can be accessed globally on the LiveXLive apps for iOS, Android, Roku, Amazon Fire TV and Apple TV as well as on desktop and mobile at www.livexlive.com. In addition to Life is Beautiful, LiveXLive's livestreaming portfolio includes marquee festivals such as Rock in Rio, Montreux Jazz Festival, EDC Las Vegas, Hangout Music Festival, Bumbershoot, Paleo Festival de Nyon, and many others.
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 live music streaming platforms; 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.
About Life is Beautiful
Life is Beautiful is rooted in positivity, unity, inspiration and empowerment. Every September, thousands of inspired "creators" from all over the world come together for the three-day festival centered in music, art, taste and ideas. Eighteen blocks in Downtown Las Vegas are transformed into an open-air art gallery and a place of discovery, cementing imagination and initiative into our DNA. That gathering, by its very nature, becomes a platform in which positivity prevails, culture and creativity thrive and transformation occurs.
Now in its sixth year, Life is Beautiful Music & Art Festival (September 21–23, 2018) features marquee musicians, chefs, artists and speakers. Named "Music Festival of the Year" by Pollstar in 2017, Life is Beautiful attracted more than 175,000 attendees at last year's sold out event. Past performers include Kanye West, Muse, J. Cole, Stevie Wonder, Foo Fighters, Major Lazer, Lionel Richie, Chance the Rapper, Gorillaz, Lorde, Blink-182 and many more, along with inspiring talks from powerful thought leaders such as Bill Nye, RuPaul and Pussy Riot. Globally recognized artists including Shepard Fairey, Banksy, Fafi and D*Face, to name a few, have permanently revolutionized the streets of Downtown Las Vegas. For the latest festival news, visit www.lifeisbeautiful.com, or connect with Life is Beautiful on Facebook, Twitter, Instagram, Snapchat (@LIBeautifulFest) and YouTube.
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 August 20, 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.
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