We expect an increase in revenue from the return of live events in nearly every aspect of our flywheel of associated businesses – live ticket sales, livestream, pay-per-view, advertising, sponsorship, NFTs, and specialty merchandise." Robert Ellin, CEO and Chairman of LiveXLive, commented, "There is an enormous pent-up demand for live music events, and we are extremely well positioned for the expected near-term return of live music. Continued growth in subscriptions, advertising, and sponsorship, as LiveXLive now has 1.1 million paid subscribers**.
The expected return of live music events owned and produced by LiveXLive's wholly-owned subsidiary, React Presents, including the annual Spring Awakening Festival scheduled for October 2021 in Chicago.Ticket sales, sponsorships, NFTs, and merchandise revenue from the upcoming live and pay-per-view pop culture boxing and music event Social Gloves : Battle of the Platforms on June 12th at the Hard Rock Stadium in Miami Gardens, FL - when the world's biggest social media stars from YouTube and TikTok will face off, plus live music performances from DJ Khaled, Lil Baby, Migos, and Trippie Redd.
The increase in guidance is primarily driven by: LOS ANGELES, /PRNewswire/ - LiveXLive Media (Nasdaq: LIVX) ("LiveXLive"), a global platform for livestream and on-demand audio, video and podcast/vodcast content in music, comedy and pop culture, and owner of PodcastOne, Slacker Radio, React Presents and Custom Personalization Solutions, announced today that it is increasing its revenue guidance for the fiscal year ending Mato between $107 million to $115 million with Adjusted Operating Income* of between $5 million to $10 million from its core operations.
Paid Subscribers Grow to 1.1 Million**.
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