LiveXLive Signs Exclusive Multi-Platform Livestreaming And Content Agreement With Synergy Global Entertainment
LiveXLive acquires worldwide rights to livestream and distribute diverse slate of artist-driven SGE music festivals
May 02, 2019, 14:08 ET
WEST HOLLYWOOD, Calif., May 2, 2019 /PRNewswire/ -- LiveXLive Media, Inc. (NASDAQ: LIVX) ("LiveXLive"), a global digital media company focused on live entertainment, today announced that it had signed an exclusive global livestreaming and multi-platform distribution agreement with Synergy Global Entertainment (SGE). Under the terms of the agreement, LiveXLive will livestream select performances and related original content as well as episodic programming from 11 upcoming SGE festivals and events.
Founded in 2009 by John Reese, SGE has created and produced over 50 multi-genre lifestyle and music festivals, often in partnership with, or curated by, artists. SGE will produce 20+ immersive music festivals in 2019, selling 1MM plus tickets to Back to the Beach, curated with Travis Barker and John Feldmann, Diplo Presents The Super, Ultra, Giant Mega Mad Decent Block Party Festival, and Real Street Festival curated with iHeartMedia and many more. SGE also adds immersed lifestyle elements to the events they produce, uniting audiences around communities such as surfers (who attend Back at the Beach); punk rock fans who buy tickets for Camp Anarchy; and bikers who show up for Lost Highway, a festival that combines music and motorcycles.
"Our partnership with SGE is perfect for LiveXLive because we both share the same core belief that artists are the driving force of both companies," said Rob Ellin, Chairman and CEO of LiveXLive. "SGE builds festivals around artists, and in many ways, partnering with SGE is partnering with artists themselves."
"LiveXLive envisions the future of visual and audio experiences in sync with our future as a Live Event/Digital Media enterprise," said John Reese, Founder and CEO of SGE. "LiveXLive is focused on artist discovery, and we're excited about our partnership and our mutual goal of expanding the beautiful experience of live music through organic, immersive discovery augmented by artist engagement."
In addition to performances, artist interviews, behind-the-scenes exclusives, and start-to-finish commentary will air on LiveZone, LiveXLive's on-site studio activation. The content will be available across all LiveXLive platforms.
LiveXLive and SGE will kick off the new partnership on May 31 with Camp Anarchy, a three-day Punk Rock Music Festival and Campout in Thornville, Ohio. An anticipated 35,000 music fans will attend Camp Anarchy over three days.
About LiveXLive Media, Inc.
LiveXLive Media, Inc. (NASDAQ: LIVX) (the "Company") is a global digital media company focused on music. The Company operates LiveXLive Powered by Slacker, one of the industry's leading music streaming platforms; 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. 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 Synergy Global Entertainment, Inc.
Orange County, California-based Synergy Global Entertainment, Inc. (SGE) is one of the world's premier immersive music festival production companies. SGE events include music and lifestyle festivals across a wide variety of genres and interests, with over 100 major festival dates planned for 2019. SGE produces, produced or co-produces Back To The Beach; Big Adventure; Driftwood; Real Street Fest, Diplo Presents The Super, Mega Ultra Giant Mad Decent Block Party Festival; Knotfest; Lost Lands (Your EDM Best Festival of 2017 and Noiseporn 2017 Festival Of The Year); Moonrise Festival; MUSINK; Ohana Dana Point; Sabroso Taco, Craft Beer & Music Festival; Surf City Blitz, 92.3 WCOL Country Jam + Campout; Scallywag!, and many more. In addition, SGE co-produced the Rockstar Energy Drink Mayhem Festival and the worldwide Rockstar Taste of Chaos, and created and produced the Identity Festival, Oddball Comedy and Curiosity Festival. This year's SGE-affiliated events are projected to sell over 1.2 million tickets. In addition to festival production and promotion, SGE's in-house sponsorship agency procures and executes a multitude of partnerships in varying forms for global brands, top-tier artists, international booking agencies and more. For more information, visit www.sgeworldwide.com.
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 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 February 13, 2019, 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.
SOURCE LiveXLive Media, Inc.
