LiveXLive Media (LIVX) Announces Record 55K Quarterly Increase In Paid Subscribers

LiveXLive Media (Nasdaq: LIVX) ("LiveXLive"), a global platform for livestream and on-demand audio, video and podcast content in music, comedy and pop culture, announced today select year-to-date operational metrics as follows:

• Paid subscribers increased a record 55K in the quarter ended September 30, 2020, to a new record high of 932K. Paid subscribers increased 157K in the past 12 months.
• Over 50K Pay-Per-View ("PPV") tickets sold in 121 countries since LiveXLive's launch of PPV events in May, at an average ticket price of approximately $27, generating more than $1.35 million in ticket sales to date in 2020.
• Over the past six months, LiveXLive livestreamed 74 events featuring 1,351 artists generating content which has been viewed over 83 million times, as compared to 19 events featuring 198 artists generating content which was viewed over 49 million times for the same period a year ago.
• LiveXLive's database of unique users reaches 38 million while its distribution network now reaches over 300 million people annually, including Amazon Fire, Roku, Apple TV, Samsung Smart TVs, Xumo, ReachTV, Consumable TV and other distribution partners.
• Engagements within LiveXLive's social media channels garnered a double digit increase with total engagements up over 63% and average engagements per post up 122%.
• Growing subscribers and viewership drive record sponsorship deals with Fortune 1000 companies, including Pepsi, Corona, Hyundai, Mike's Hard Lemonade, Mentos Pure Fresh Gum, obé Fitness – and through LiveXLive's multi-year livestream partnership with iHeartRadio - Progressive Insurance, Capital One, Ally Financial, Goya, Country Crock, St. Jude and OGX.
• LiveXLive's owned content franchises, LiveZone, MusicLives ON and LiveXLive Presents, earned over 9.3 million views with over 144 artists over the last 6 months.
• PodcastOne's franchise of exclusive shows has grown to 234, while the total social media reach across the exclusive talent roster of PodcastOne exceeds 261 million.
• During COVID-19, LiveXLive has supported over 17 charities, including MusiCares, Global Citizen, St. Jude Children's Research Hospital, Camp Southern Ground, Robin Hood Relief Benefit, Brain Tumor Research at Cedars-Sinai, Project C.U.R.E., Sister Hearts Re-entry Program, and the Center for Life Without Parole Studies.
• LiveXLive's's employee headcount has grown to 117 from 78 one year ago.

LiveXLive's CEO and Chairman, Robert Ellin, commented, "Our operating performance and consumer reach are showing impressive growth across virtually all meaningful performance metrics. We continue to drive compelling original content through our franchises, including pay-per-view events, across both LiveXLive and PodcastOne. Our opportunity is expanding to monetize our content multiple times and in multiple ways across numerous platforms including carriers, automobiles, and OTT."

LiveXLive has the first talent-centric platform focused on superfans and building long-term franchises in audio music, video on-demand, podcasting, OTT linear channels, PPV, and livestreaming. Its model includes multiple monetization paths including subscription, advertising, sponsorship, merchandise sales and ticketing. LiveXLive recently raised its revenue guidance for its 2021 fiscal year based on strength in its core businesses.

LiveXLive has become a go-to platform for live streaming events that combine music with pop culture of podcasting, sports, arts, fashion, culinary and comedy. So far in calendar year 2020, LiveXLive's content has been viewed over 89 million times. From emerging to established artists, LiveXLive has streamed a variety of artists and celebrities in 2020 alone, including Billie Eilish, Kygo, Billy Joel, Bon Jovi, Chris Rock, Idina Menzel, Jennifer Lopez, Jimmy Buffett, OneRepublic, Zac Brown, Sofi Tukker, and Darius Rucker. Future scheduled PPV events include top artists such as Pitbull, Nelly, Jeremih and many more.

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