Loton, Corp's LiveXLive Subsidiary Enters Agreement with Tao Group LLC

Subsidiary Obtains Exclusive Multi-Year Digital Streaming Rights for Tao Group, the Premier restaurant and nightlife group in New York, Las Vegas and Sydney.

Dec 23, 2015, 16:04 ET from Loton, Corp

LOS ANGELES, Dec. 23, 2015 /PRNewswire/ -- Loton, Corp's (OTC: LIVX) LiveXLive subsidiary has entered into an agreement securing the worldwide multi-year streaming rights for Tao Group, the Premier restaurant and nightlife group.  LiveXLive will produce and distribute HD digital broadcast experiences of the world's leading performers to any connected device. 

LiveXLive will create and curate ongoing branded Tao Group content including live streamed concerts, DJ shows, backstage content, artist interviews and other lifestyle events from their venues.  Furthermore, Tao will stream from their tents at major global events including Coachella, South by Southwest, and the Sundance Film Festival.

Tao has hosted live performances from leading artists including Jay-Z, Usher, Kanye West, Drake, Bruno Mars, Calvin Harris, Skrillex, Diplo, and Madonna. The five-year agreement includes exclusive rights to stream all Tao Events live across the globe on the LiveXLive website and mobile app in addition to select distribution partner platforms including web, mobile, radio, audio, television, virtual reality and other devices.

"With the recent Rock in Rio and Tao partnerships, LiveXLive is well on its way to realizing  the company's vision to aggregate thousands of hours of premium live music and other exclusive curated content across the globe," said Robert Ellin, LiveXLive Founder and Chairman. "LiveXLive is building the world's first continuously live music platform and lifestyle network providing fans access to experience music around the world like never before and all from the palm of their hand. We are the next generation MTV for millennial with proprietary mobile centric over the top content."

In advance of the formal launch of LiveXLive, the company will continue to acquire rights to top music festivals in addition to nightlife performances and other live music.  The company is in discussions with content partners, venues and artists from around the world.

About Tao Group
The TAO GROUP is a leading restaurant and nightlife company that develops, owns and operates many of the most successful food, beverage and nightlife entertainment venues in the United States. Currently TAO Group boasts operations in New York City, Las Vegas and Sydney, Australia. In New York City, the collection includes Arlington Club, Avenue, Avra, Beauty & Essex, LAVO Italian Restaurant and Nightclub, Marquee Nightclub, Rue 57, The Stanton Social, TAO Asian Bistro Uptown and TAO Asian Bistro Downtown. Additionally they operate all of the food and beverage outlets of the Dream Downtown hotel including room service, Ph-D Rooftop, Electric Room Lounge, Melvin's Juice Box and Bodega Negra. Las Vegas operations include TAO Asian Bistro, Nightclub & Beach at The Venetian, LAVO Italian Restaurant & Lounge at The Palazzo and Marquee Nightclub & Dayclub at The Cosmopolitan. Marquee Nightclub at The Star – Sydney represents the company's first international offering. TAO Group regularly brings the brands to additional markets via pop-up venues at noted events such as the Sundance Film Festival and The Olympics, among others.

About Loton, Corp (OTC: LIVX)
Loton, Corp (LIVX.OB) is a parent company in the emerging live / digital music space. The company's LiveXLive subsidiary intends to be the world's first continuously live music network that will deliver around the clock live music to viewers on any connected device as an authentic and experiential platform. The platform plans to offer the world's leading music festivals with multiday and multistage coverage, unique concerts, intimate performances and cutting edge programming. We plan to extend the live experience to fans on desktop, laptop, mobile, tablets, consoles, connected TVs and virtual reality platforms. The LiveXLive network expects to provide compelling and curated content that showcases the entire spectrum of music to include music inspired fashion, food, and lifestyle content and showcase interviews, backstage access and both fan and artist perspectives. LiveXLive intends to feature all genres of music including rock, pop, indie, alternative, EDM, country and feature major festival headliners as well as emerging artists performing at clubs and venues around the globe.

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 10-K and 10-Q with the Securities and Exchange Commission, press releases and other communications.

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SOURCE Loton, Corp