Livestream Views Reached 118 Million in CY 2020 While the Number of Virtual Events Increased to 125 Featuring Over 1800 Artists – Increased Traffic on LiveXLive’s Digital Platform is Creating Multiple Avenues to Drive Revenue Growth
LOS ANGELES, Dec. 29, 2020 — LiveXLive Media (Nasdaq: LIVX) (“LiveXLive”), a global platform for livestream and on-demand audio, video and podcast content in music, comedy and pop culture, and owner of PodcastOne, Slacker Radio, React Presents and Custom Personalization Solutions (“CPS”), announced today that it has surpassed over 1 million paid subscribers for its LiveXLive streaming platform.
LiveXLive has experienced record growth across nearly all of its digital traffic metrics including premium pay-per-view virtual concerts, expert curated radio stations, video on-demand, podcasting/vodcasting, as well as VIP fan experiences, all of which have been a hallmark of LiveXLive’s original and exclusive content offerings.
Since January of 2020:
- Livestreamed over 1,800 artists across the entire LiveXLive music platform
- LiveXLive’s 24-hour linear OTT streaming channel now reaches over 300 million people
- Over 2 billion audio listens
- PodcastOne – 2.2 billion downloads and 32 new podcasts
- 23 new national brand advertisers and sponsors, including Pepsi, McDonald’s, KFC, Hyundai, Corona, Porsche, Chipotle, State Farm, and Kia
Robert Ellin, CEO and Chairman of LiveXLive, commented, “Reaching one million paid subscribers is an enormous milestone for LiveXLive. Together with record numbers of livestream views, audio listens, and podcast downloads, our growing digital traffic presents a significant opportunity to grow revenue through our flywheel model – including subscription, advertising, sponsorship, pay-per-view tickets, and merchandise.”
With the recent acquisition of CPS, LiveXLive plans to partner with artists and talent to exclusively own and distribute unique proprietary products to be marketed during livestream events and podcasts/vodcasts.
LiveXLive has become a go-to platform for live streaming events that combine music with pop culture of podcasting, sports, arts, fashion, culinary, comedy and wellness. From emerging to established artists, LiveXLive has streamed a variety of artists and celebrities since the COVID pandemic including: Pitbull, Billy Joel, Wiz Khalifa, Bon Jovi, Chris Rock, Jennifer Lopez, Jimmy Buffett, Kygo, OneRepublic, Sofi Tukker, Wonho and the Zac Brown Band.
About LiveXLive Media, Inc.
Headquartered in Los Angeles, California, LiveXLive Media, Inc. (NASDAQ: LIVX) (the “Company”) (pronounced Live “by” Live) is a global platform for live stream and on-demand audio, video and podcast content in music, comedy, and pop culture. LiveXLive, which has streamed over 1,800 artists since January 2020, has become a go-to partner for the world’s top artists and celebrity voices as well as music festivals concerts, including Rock in Rio, EDC Las Vegas, and many others. In April 2020, LiveXLive produced its first 48-hour music festival called “Music Lives” with tremendous success as it earned over 50 million views and over 5 billion views for #music lives on TikTok on 100+ performances. LiveXLive’s library of global events, video-audio podcasts and original shows are also available on Amazon, Apple TV, Roku and Samsung TVs in addition to its own app, destination site and social channels. The Company’s wholly-owned subsidiary, PodcastOne, generates more than 2.1 billion downloads annually across more than 300 podcasts. For more information, visit www.livexlive.com and follow us on Facebook, Instagram, TikTok, Twitter at @livexlive.