LiveXLive Media, Inc. announced its intention to spin-off an unknown stake in Pay-Per-View business.
September 14, 2021
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LiveXLive Media, Inc. (NasdaqCM:LIVX) announced its intention to spin-off an unknown stake in Pay-Per-View business on September 15, 2021. Under the Spin-off, LiveXLive plan to distribute a portion of the Pay-Per-View business to LiveXLive's stockholders. Pay-Per-View business will become a separate public company under "PPVOne" name. Transaction is subject to obtaining applicable approvals and consents and compliance with applicable rules and regulations and public market trading and listing requirements and approval of board of directors of LiveXLive Media, Inc. Spin-off is anticipated to take place by March 31, 2022.
LiveOne, Inc. offers a creator-first, music, entertainment, and technology platform, which is focused on delivering premium experiences and content worldwide through memberships and live and virtual events. The Company is engaged in the acquisition, distribution and monetization of live music, Internet radio, podcasting and music-related streaming and video content. It is also engaged in packaging, producing, and broadcasting its live music content across its music platform. In addition, the Company has a distribution relationship with a variety of platforms, including Roku, AppleTV, Amazon Fire, linear over-the-top (OTT) platforms, such as STIRR and XUMO. The Company's subsidiaries include Slacker Radio, PodcastOne, PPVOne, Palm Beach Records, CPS, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind.
LIVEONE, INC. 
