LOS ANGELES, June 4, 2021 /PRNewswire/ -- LiveXLive Media (Nasdaq: LIVX) ("LiveXLive"), a global platform for livestream and on-demand audio, video, and podcast/vodcast content in music, comedy, and pop culture, and owner of PodcastOne, Slacker Radio, React Presents, and Custom Personalization Solutions, announced today that FIGHT SPORTS Network, the global leader in broadcasting premium live world CY championship boxing, MMA, kickboxing and martial arts, will launch on LiveXLive with the live broadcast of the Mayweather vs Paul fight on Sunday, June 6, 2021, starting at 8 PM ET. The partnership will span widely across territories in Europe and Asia.
As part of the deal, LiveXLive's subscribers of FIGHT SPORTS Network within the partnership territories will have ongoing access to live premium championship events and original programming, including FIGHT SPORTS Network's extensive library of legendary fights featuring Tyson, Foreman, De La Hoya, Pacquiao, Mayweather, and others and additionally the Mayweather vs McGregor event to promote Mayweather vs Paul, and many more.
"We are thrilled to partner with FIGHT SPORTS to expand the global footprint of our live premium sports content. Launching with the Mayweather vs Paul live broadcast on FIGHT SPORTS will allow us to connect with influential and passionate sports audiences globally," stated Dermot McCormack, President of LiveXLive.
"We are excited to be launching FIGHT SPORTS on the LiveXLive platform and creating a strong partnership to enhance their premium content offering with some of the most high profile LIVE fight events, starting with Mayweather vs. Paul, along with new releases of on-going original programming while continuing to expand our global distribution," said Richard Miele and Craig Miele, Co-CEOs of CSI Sports, owner of FIGHT SPORTS.
LiveXLive has the first talent-centric platform focused on superfans and building long-term franchises in on-demand audio and video, podcasting, vodcasting, OTT linear channels, pay-per-view, and livestreaming. Its model includes multiple monetization paths including subscription, advertising, sponsorship, merchandise sales, licensing, and ticketing. LiveXLive recently raised revenue guidance for its 2021 fiscal year based on strength in its core businesses.
About FIGHT SPORTS™ FIGHT SPORTS™, CSI Sports' first global channel, broadcasts a range of live events and in-depth fight programming covering every aspect of the sport. With multimedia and other ancillary rights, FIGHT SPORTS™ produces a variety of entertainment programs including original programming, reality series, documentaries, highlight/magazine shows, and hand selected events/ tournaments from around the world. Launched in December 2012, the channel has already secured over 200+ carriage agreements in over 50 countries across Europe, Asia, and the Caribbean with more announcements coming soon. www.fightsports.tv
About LiveXLive Media, Inc. Headquartered in Los Angeles, California, LiveXLive Media, Inc. (NASDAQ: LIVX) (the "Company") (pronounced Live "by" Live) is a leading global all-in-one streaming artist-first platform delivering premium music and entertainment content and live-streams from the world's top artists, expertly curated streaming radio stations, podcasts, and original video and audio-on-demand content, as well as personalized merchandise, connecting artists to millions of fans every day. The Company has streamed over 1,800 artists since January 2020 and has created a valuable connection between bands, fans, and brands by building long-term franchises in audio, video, podcasting, pay-per-view (PPV), live-streaming, and specialty merchandise. LiveXLive is available on iOS, Android, Roku, Apple TV, and Amazon Fire, and through OTT, Samsung TV, STIRR, Sling, and XUMO, in addition to its own app, online website, and social channels. The Company's wholly-owned subsidiaryPodcastOne, generates more than 2.25 billion downloads per year with 400+ episodes distributed per week across a stable of hundreds of top podcasts. The Company's other major wholly-owned subsidiaries are LiveXLive, Slacker Radio, React Presents, and Custom Personalization Solutions. For more information, visit www.livexlive.com and follow us on Facebook, Instagram, TikTok, 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, including: the Company's reliance on one key customer for a substantial percentage of its revenue; the Company's ability to consummate any proposed financing, acquisition or transaction, the timing of the closing of such proposed event, including the risks that a condition to closing would not be satisfied within the expected timeframe or at all, or that the closing of any proposed financing, acquisition or transaction will not occur or whether any such event will enhance shareholder value; the Company's ability to continue as a going concern; the Company's ability to attract, maintain and increase the number of its users and paid subscribers; the Company identifying, acquiring, securing and developing content; the Company's intent to repurchase shares of its common stock from time to time under the stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; the Company's ability to maintain compliance with certain financial and other covenants; the Company successfully implementing its growth strategy, including relating to its technology platforms and applications; management's relationships with industry stakeholders; the effects of the global Covid-19 pandemic; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of the Company's subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2020, filed with the U.S. Securities and Exchange Commission (the "SEC") on June 26, 2020, Quarterly Report on Form 10-Q for the quarter ended December 31, 2020, filed with the SEC on February 16, 2021, 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. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.