LiveXLive Partners With Lomotif As Its Global Social Media Marketing Partner And Presenting Sponsor For Music Lives 2021

LOS ANGELES, March 25, 2021 /PRNewswire/ — LiveXLive Media (Nasdaq: LIVX) (“LiveXLive”), a world platform for live-stream and on-demand audio, video, and podcast/vodcast content material in music, comedy, and popular culture, and proprietor of PodcastOne, Slacker Radio, React Presents, and Custom Personalization Solutions, introduced right now that it’s partnering with common video sharing and social media world platform Lomotif for world distribution of LiveXLive’s content material, launching as a world distributor and sponsor of the biggest streaming music competition in “Music Lives”, which launched throughout COVID-19, benefiting MusiCares®. Music Lives will return for the second consecutive 12 months – starting Friday, March 26, 2021, at 6 pm ET/ 3 pm PT via Sunday, March 28, 2021. World class artists, rising expertise, behind the scenes footage and the sale of a restricted version NFT live performance poster will spotlight the alliance of music and artwork and attain of Music Lives.
Lomotif is a well-liked video-sharing social networking platform, and budding rival to TikTook, and Kuaishou. One of the quickest rising video-sharing social networking platforms in its class during the last three years, there are presently 225+ million installations of the Lomotif app globally in 200+ nations in 300+ languages. Over 300 million movies are watched on the platform per thirty days and over 10 billion atomic clips (User Generated Content (UGC)) have been used to create greater than 740+ million movies on the platform since its launch. ZASH Global Media and Entertainment Corporation (“ZASH”), have entered right into a definitive settlement to accumulate a majority controlling curiosity in Lomotif Private Limited (“Lomotif”), which owns the Lomotif platform. To watch Music Lives 2021 on the Lomotif platform, customers can obtain the app on the Apple Store or Google Play for Android.
The deal is designed to extend the worldwide social media distribution of Music Lives, in addition to a partnership for higher visibility of the LiveXLive model globally. The alliance will interact followers to take part with artists and transact with unique content material, NFTs, merchandise and extra inside LiveXLive’s flywheel of business- hear, watch, attend, interact and transact- and Lomotif’s huge attain world wide of particularly Brazil, Russia and Singapore
Music Lives 2021 can be streamed continuous for over 72 hours, with over 120 artists from a few of right now’s largest acts and rising expertise from world wide. Leading contributors within the competition embrace: Andra Day, Zac Brown Band, Trace Adkins, 24kGoldn, Justine Skye, Lennon Stella, Jake Owen, G Herbo and Jimmie Allen, John Mayer, Wiz Khalifa, Pitbull, Lil TJay, Nelly, Davido, PRETTYMUCH, and YBN Nahmir, in addition to the winner from LiveXLive’s latest unique present, Self Made. “We are proud to associate with ZASH and Lomotif as they bring about broad advertising and marketing and distribution infrastructure to our annual world competition, Music Lives. Lomotif has distinctive world attain, backend tech and a aggressive edge within the social video sharing area that makes them an distinctive platform to work with,” acknowledged Robert Ellin, CEO and Chairman of LiveXLive.About LiveXLive Media Inc.Headquartered in Los Angeles, California, LiveXLive Media, Inc. (NASDAQ: LIVX) (the “Company”) (pronounced Live “by” Live) is a number one world all-in-one streaming artist-first platform delivering premium music and leisure content material and live-streams from the world’s prime artists, expertly curated streaming radio stations, podcasts, and unique video and audio-on-demand content material, in addition to customized merchandise, connecting artists to thousands and thousands of followers day-after-day. The Company has streamed over 1,800 artists since January 2020 and has created a beneficial connection between bands, followers, and types by constructing long-term franchises in audio, video, podcasting, pay-per-view (PPV), live-streaming, and specialty merchandise. LiveXLive is obtainable on iOS, Android, Roku, Apple TV, and Amazon Fire, and thru OTT, Samsung TV, STIRR, Sling, and XUMO, along with its personal app, on-line web site, and social channels. The Company’s wholly-owned subsidiary PodcastOne, generates greater than 2.25 billion downloads per 12 months with 400+ episodes distributed per week throughout a steady of a whole bunch of prime podcasts. The Company’s different main wholly-owned subsidiaries are LiveXLive, Slacker Radio, React Presents, and Custom Personalization Solutions. For extra data, go to www.livexlive.com and observe us on Facebook, Instagram, TikTook, and Twitter at @livexlive.Forward-Looking Statements (LiveXLive Media)All statements apart from statements of historic info contained on this press launch are “forward-looking statements,” which can typically, however not all the time, be recognized by way of such phrases as “might,” “may,” “will,” “will possible consequence,” “would,” “ought to,” “estimate,” “plan,” “undertaking,” “forecast,” “intend,” “count on,” “anticipate,” “imagine,” “search,” “proceed,” “goal” or the destructive of such phrases or different comparable expressions. These statements contain identified and unknown dangers, uncertainties and different elements, which can trigger precise outcomes, efficiency or achievements to vary materially from these expressed or implied by such statements, together with: the Company’s reliance on one key buyer for a considerable share of its income; the Company’s capacity to consummate any proposed financing, acquisition or transaction, the timing of the closing of such proposed occasion, together with the dangers {that a} situation to closing wouldn’t be glad inside the anticipated timeframe or in any respect, or that the closing of any proposed financing, acquisition or transaction won’t happen or whether or not any such occasion will improve shareholder worth; the Company’s capacity to proceed as a going concern; the Company’s capacity to draw, preserve and enhance the variety of its customers and paid subscribers; the Company figuring out, buying, securing and growing content material; the Company’s intent to repurchase shares of its frequent inventory sometimes beneath its introduced inventory repurchase program and the timing, worth, and amount of repurchases, if any, beneath this system; the Company’s capacity to take care of compliance with sure monetary and different covenants; the Company efficiently implementing its development technique, together with referring to its know-how platforms and functions; administration’s relationships with trade stakeholders; the results of the worldwide Covid-19 pandemic; adjustments in financial situations; competitors; dangers and uncertainties relevant to the companies of the Company’s subsidiaries; and different dangers, uncertainties and elements together with, however not restricted to, these described within the Company’s Annual Report on Form 10-Ok for the fiscal 12 months 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 within the Company’s different filings and submissions with the SEC. These forward-looking statements converse solely as of the date hereof and the Company disclaims any obligations to replace these statements, besides as could also be required by regulation. The Company intends that every one forward-looking statements be topic to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.About LomotifLomotif is the main video-sharing social networking platform that’s democratizing video creation. Since the corporate was co-founded by video fanatic Paul Yang in 2014, Lomotif has been granted three know-how patents uniquely targeted on empowering creators to share and watch quick movies with ease via remix and collaboration. Yang’s daring imaginative and prescient is to construct the world’s largest video vocabulary to speed up the world’s transition to video-first expression. Lomotif, obtainable within the Apple and Google shops, is a breakthrough downloadable app for hip hop, rap, and concrete tradition throughout the United States and Latin America. Lomotif is one in every of 5 companions chosen by Snapchat for a bi-directional integration for posting tales between the 2 platforms.  For further details about Lomotif Private Limited, please go to Lomotif’s web site at www.lomotif.com.The closing of the Lomotif acquisition by ZASH is scheduled to happen concurrently with the closing of ZASH’s merger and enterprise mixture with Vinco Ventures, Inc. (“Vinco”), which was beforehand introduced in a joint press launch in January 2021. The closing of the Lomotif acquisition is topic to sure customary situations to closing as described within the definitive acquisition settlement. Upon completion of the merger between ZASH and Vinco, ZASH will change into a public firm and controlling shareholder of Vinco, making Lomotif one of many prime world, pure play video-sharing social networking platforms to be owned by a US publicly traded firm.  About ZASH Global Media and Entertainment CorporationZASH Global Media and Entertainment Corporation is an evolving community of synergetic firms working collectively to disrupt the media and leisure trade as we all know it right now. The ZASH staff is managed by a bunch of sensible, if not considerably brazen, consummate disruptors. ZASH believes its administration staff has an distinctive and unparalleled capacity to pivot as a result of their data and expertise is steadfast and unyielding. For further details about ZASH Global Media and Entertainment Corporation, please go to ZASH’s web site at www.zash.world.About Vinco Ventures, Inc.Vinco Ventures, Inc. is a mergers and acquisition firm targeted on digital commerce and shopper manufacturers. Vinco’s B.I.G. (Buy. Innovate. Grow.) technique will search out acquisition alternatives which are poised for scale and develop stated acquisitions via focused site visitors and content material campaigns. For extra data, please view Vinco’s investor presentation or go to Investors.vincoventures.com.Forward-Looking Statements and Disclaimers (ZASH)This press launch incorporates “forward-looking” statements inside the that means of federal securities legal guidelines. Forward-looking statements embrace, amongst others, statements regarding or implying future monetary efficiency, anticipated product efficiency and performance of ZASH’s merchandise or merchandise incorporating ZASH’s merchandise, and trade tendencies and development alternatives affecting ZASH.  Such data are primarily based upon beliefs of, and data presently obtainable to, ZASH administration in addition to estimates and assumptions made by ZASH’s administration.  These statements may be recognized by the truth that they don’t relate strictly to historic or present info. When used on this presentation the phrases “estimate,” “count on,” intend,” imagine,” plan,” “anticipate,” “projected” and different phrases or the destructive of those phrases and comparable expressions as they relate to ZASH or ZASH’s administration determine forward-looking statements. These forward-looking statements embrace statements concerning the potential enterprise synergies ensuing from ZASH’s acquisition of Lomotif and ZASH’s proposed merger with Vinco, the potential marketplace for ZASH’s and Lomotif’s product choices, buyer adoption and use of the Lomotif platform, and the power of ZASH to monetize product choices, together with the Lomotif platform.  Such statements and the opposite forward-looking statements on this press launch mirror the present view of ZASH with respect to future occasions and are topic to dangers, uncertainties, assumptions and different elements referring to ZASH and Lomotif’s industries, operations and outcomes of operations and any companies which may be acquired by ZASH. Should a number of of those dangers or uncertainties materialize, or the underlying assumptions show incorrect, precise outcomes might differ considerably from these anticipated, believed, estimated, anticipated, meant, or deliberate. Although ZASH believes that the expectations mirrored within the forward-looking statements are cheap, it can not assure future outcomes, efficiency, or achievements. All forward-looking statements are certified of their entirety by this cautionary assertion. ZASH is offering this data as of the date of this launch and doesn’t undertake any obligation to replace any forward-looking statements contained on this launch because of new data, future occasions, or in any other case.Press Contacts:For LiveXLiveThe Rose Group [email protected]424.645.4620[email protected]614.226.9542LiveXLive IR Contact:[email protected]310.601.2505For ZASH and LomotifDennis Dembia[email protected]R&CPMK310-709-6193SOURCE LiveXLive Media, Inc.