LOS ANGELES, Feb. 25, 2016 /PRNewswire/ -- Loton, Corp. (OTC: LIVX) announced that music and entertainment industry veteran David Schulhof has joined the Loton, Corp. Advisory Board.
Mr. Schulhof is currently President of IM Global Music. He previously served as the Managing Director of G2 Investment Group (a spin-off of Guggenheim Partners), as well as performing as Founder and CEO of Evergreen Copyrights, a company he built into one of the leading independent publishers of music copyrights worldwide, culminating in a sale to KKR/BMG Rights Management in 2010. Prior to that, Mr. Schulhof oversaw the motion picture music divisions of both Miramax and Dimension Films.
Mr. Schulhof is renown as a champion of artists' rights, and his creative abilities allowed him to sign and work with world class acts, such as Tupac Shakur, Dr. Dre, Snoop Dogg, the Ramones, Teddy Riley, J.J. Cale, Warren Zevon, and Third Eye Blind. He has also been the music supervisor for over 100 music soundtracks, including many award winning films. His unique combination of creative and financial backgrounds has allowed him to monetize the various aspects of media in which he has been involved.
Mr. Schulhof is patron of the Solomon R. Guggenheim Museum and Museum of Modern Art, 92 Street Y, UJA, Robin Hood Foundation, MusiCares and Henry Street Settlement, and is an attorney admitted to the New York State Bar Association.
"David's diverse background and success in building media companies will enhance and expedite our ability to launch LXL Studios, secure content partners (from festivals to venues to artists), all while being able to leverage his huge success in acquiring music companies," commented Robert Ellin, Chairman of Loton, Corp.
"I am proud to join the Advisory Board of this exciting company which is rapidly becoming a 24/7 hub for live music and other live shows around the world. Fans of live music can now begin to enjoy in real time any festival from around the world at any time on any device. If you love live music as much as I do this is a dream come true," said Schulhof.
About Loton, Corp.
In April, 2014, Loton, Corp. acquired a fifty percent interest in KOKO, a premier multimedia and lifestyle brand and one of London's iconic live music venues. KOKO is internationally renowned for delivering over 250 live music events per annum for the past ten years. Loton is backed by Trinad Capital, a micro-cap and small-cap activist hedge fund based in Los Angeles, California. The fund is led by Robert Ellin, a seasoned portfolio manager with 25 years of investment experience. Mr. Ellin spearheaded investments in several publicly traded companies including ThQ, Grand Toys, Forward Industries (FORD), Majesco Entertainment (COOL), Command Security (MOC), Mandalay Digital Group (MNDL), iVillage (IVIL), Points International (PCOM), as well as private companies including iWon.com and SS industries.
Forward Looking Statement
Statements in this news release concerning future results from operations, financial position, economic conditions, product releases and any other statement that may be construed as a prediction of future performance or events are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements. These factors include uncertainties as to levels of orders, ability to record revenues, release schedules, market acceptance of new products, changes in economic conditions and market demand, pricing and other activities by competitors, and other risks including those described from time to time in the Company's filings on Forms 10K and 10Q with the Securities and Exchange Commission (SEC), press releases and other communications.
SOURCE Loton, Corp.