Media Industry Veteran Tim Spengler Joins LiveXLive Media's Board Of Directors

BEVERLY HILLS, Calif., Oct. 23, 2017 /PRNewswire/ -- LiveXLive Media, Inc. (OTC: LIVX) ("LiveXLive"), one of the only premium networks devoted to live music and music-related video content, announced today the appointment of Tim Spengler to LiveXLive's Board of Directors, effective September 27, 2017. Mr. Spengler has more than 25 years of experience working directly with marketers to drive business results through innovative approaches to media and has served on LiveXLive's advisory board since 2014.

"We are excited to welcome a recognized media industry leader to our team," said Robert Ellin, Chairman and Chief Executive Officer of LiveXLive. "Following our success in attracting more than four million viewers and eight million views to the recent Outside Lands and Rock In Rio festivals, Tim's substantial expertise in advertising and sponsorships will be very valuable in helping us to capitalize on our rapid audience growth, and I know he will be a tremendous addition to our Board of Directors," continued Mr. Ellin.

"LiveXLive is at the intersection of streaming video, audio and enhanced technology at the perfect time," said Tim Spengler. "I am honored to be working with the impressive management team that Rob has built. LiveXLive is a leader in the evolving music ecosystem and I look forward to contributing to the Company's evolution as a member of the Board of Directors," continued Mr. Spengler.

Mr. Spengler has served in senior leadership positions at media and advertising technology firms and in the music industry. Most recently Mr. Spengler served as the President and Chief Revenue Officer of Simulmedia, a company focused on data-optimized audience targeting for national TV advertising. Prior to that, he was President of Content Marketing and Revenue Strategy for iHeart Media, a leading multiplatform music company.

Earlier in his career, Mr. Spengler served as a senior executive at IPG for nearly two decades, holding positions of increasing responsibility, including President, North America for Initiative from 2008 to 2012 and Worldwide Chief Executive Officer for MAGNA GLOBAL from 2012 to 2013. Mr. Spengler currently sits on the Board of Directors of the Hollywood Radio & Television Society and National Association of Television Program Executives. He is also on the advisory board of emerging media companies Influential Social and IgnitionOne. Mr. Spengler received his Bachelor of Arts from Washington University in St. Louis, Missouri.

Mr. Spengler is the fourth member of LiveXLive's Board of Directors and will serve with Chairman Robert Ellin and directors Jay Krigsman and Craig Foster. LiveXLive's Board of Directors now includes three independent directors.

About LiveXLive Media, Inc.

LiveXLive Media, Inc. ("LiveXLive Media") is home to premier video and audio media brands and technology assets that create a social media ecosystem for music, including the LiveXLive platform ("LiveXLive"). LiveXLive is one of the world's only premium streaming services devoted to live music and music-related video content, delivering live streamed and premium, on demand original content to nearly any internet-connected screen. Since its launch in 2015, LiveXLive has streamed performances from more than 200 of the world's most popular artists from some of music's most popular festivals, including Rock In Rio, Outside Lands Music and Arts Festival, and Hangout Music Festival. LiveXLive Media's businesses also include event marketing and ticketing platform Wantickets and social media influencer venture LiveXLive Influencers. LiveXLive Media is headquartered in Beverly Hills, CA.

Forward-Looking Statements

All statements other than statements of historical facts contained in this press release are "forward-looking statements." 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 the consummation of the proposed public offering and the proposed acquisitions of Slacker and Snap Interactive, identifying, acquiring, securing and developing content, ability to attract and retain users, successfully implementing LiveXLive Media's growth strategy, including relating to its 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 LiveXLive Media's Registration Statement on Form S-1, as amended, and its other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof and LiveXLive Media disclaims any obligations to update these statements except as may be required by law.

SOURCE LiveXLive Media, Inc.

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