LiveXLive Media Expands Review of Strategic Opportunities
January 04, 2021 at 06:06 pm IST
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LiveXLive Media, Inc. (NasdaqCM:LIVX) announced that it has expanded its recently announced review of strategic opportunities to grow the company's business and its board of directors has decided, assisted by JPMorgan Chase & Co. (NYSE:JPM) and its legal advisors, to commence a process to explore strategic alternatives in order to enhance shareholder value. Potential alternatives may include, among others, a strategic acquisition, divestiture, merger, sale or other form of business combination.
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. It operates through three segments: PodcastOne, Slacker, and Media Group. It provides services through an over-the-top application powered by Slacker (LiveOne App) called LiveOne. 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. 
