LOS ANGELES, June 30, 2020 (GLOBE NEWSWIRE) — LiveXLive Media, Inc. (NASDAQ: LIVX) (“LiveXLive”), a worldwide platform for stay stream and on-demand audio, video and podcast content material in music, comedy and popular culture, introduced in the present day that it’ll launch a brand new streaming OTT LiveXLive-branded channel for U.S. and worldwide audiences in partnership with Cinedigm (NASDAQ: CIDM). Cinedigm will safe worldwide licensing and distribution of the channel on LiveXLive’s behalf. Because the starting of 2020, Cinedigm has entered partnerships which have dramatically elevated addressable gadget footprint to an estimated 330 million in North America, and an estimated further 365 million abroad.

LiveXLive has retained the U.S. and worldwide first gross sales rights for promoting on LiveXLive’s channel, which can function authentic exhibits like LiveZone, and has the choice to amass content material from Cinedigm’s library of greater than 30,000 digital movie and tv episodes to air on the channel. Moreover, Cinedigm will present entry to further promoting stock to LiveXLive throughout Cinedigm’s portfolio of fifteen ad-supported streaming networks.

LiveXLive, which has stay streamed over 59 occasions in 2020, has turn into a go-to accomplice for the world’s prime artists and movie star voices in addition to music festivals concert events, together with Rock in Rio, EDC Las Vegas, and lots of others. In April 2020, LiveXLive produced its first 48-hour music pageant known as “Music Lives” with large success because it earned over 50 million views and over 5 billion views for #musiclives on TikTok on 100+ performances.

“This deal will monetize our on-demand, library and future authentic productions on the planet’s prime markets like India and China, the place cell penetration and viewing is already excessive,” stated Robert Ellin, CEO and Chairman of LiveXLive. “Our partnership with Cinedigm is completely timed as we now have ramped up our authentic manufacturing and look to monetize that content material, in all markets.”

“Our world platform companions have been in search of new channels with a particular deal with stay occasions and music,” stated Erick Opeka, President of Cinedigm Networks. “We’re excited to assist develop the distribution of the world’s most enjoyable music property out there in the present day, and to additional discover methods to mutually develop our audiences and monetization.”

Cinedigm Networks supplies streaming channels, content material and know-how providers to the world’s main platforms, OEMs, telcos, and cable & broadband suppliers, equivalent to Samsung, Vizio, Roku, Xumo, DistroTV, Zeasn/Philips, Vizio WatchFree, Foxxum, Redbox, and Vewd, amongst many extra. Its distribution community extends to over 70 nations with an emphasis on North America, The European Union, Latin America, and Asia. As soon as LiveXLive’s OTT Channel launches within the second half of 2020, Cinedigm will intention to safe huge distribution for audiences worldwide.

LiveXLive at the moment operates a 24/7 linear channel by itself platform — LiveXLive TV – with a deal with concert events, festivals, occasions, artist interviews, ancillary event-related content material and short-form video content material from around the globe. LiveXLive may even add programming blocks within the coming months because it provides to its authentic content material and Vodcast manufacturing with the anticipated acquisition of PodcastOne. LiveXLive’s OTT channels have lately seen an 8% elevate in viewership additional demonstrating the viewers’s urge for food for extra LiveXLive content material.

About Cinedigm
For greater than twenty years, Cinedigm (NASDAQ: CIDM) has led the digital transformation of the leisure business. Immediately, Cinedigm entertains tons of of tens of millions of shoppers across the globe by offering premium content material, streaming channels and know-how providers to the world’s largest media, know-how and retail corporations. For extra data, go to http://www.cinedigm.com/.

About LiveXLive Media, Inc.
Headquartered in Los Angeles, California, LiveXLive Media, Inc. (NASDAQ: LIVX) (the “Firm”) (pronounced Dwell “by” Dwell) is a worldwide platform for stay stream and on-demand audio, video and podcast content material in music, comedy, and popular culture. LiveXLive, which has streamed over 1000 occasions in 2020, has turn into a go-to accomplice for the world’s prime artists and movie star voices in addition to music festivals concert events, together with Rock in Rio, EDC Las Vegas, and lots of others. In April 2020, LiveXLive produced its first 48-hour music pageant known as “Music Lives” with large success because it earned over 50 million views and over 5 billion views for #musiclives on TikTok on 100+ performances. LiveXLive’s library of world occasions, video-audio podcasts and authentic exhibits are additionally out there on Amazon, Apple TV, Roku and Samsung TVs along with its personal app, vacation spot web site and social channels. For extra data, go to www.livexlive.com and observe LiveXLive on Facebook, Instagram, TikTok, Twitter at @livexlive, and YouTube.

Ahead-Wanting Statements
All statements apart from statements of historic details contained on this press launch are “forward-looking statements,” which can typically, however not all the time, be recognized by means of such phrases as “could,” “would possibly,” “will,” “will probably end result,” “would,” “ought to,” “estimate,” “plan,” “challenge,” “forecast,” “intend,” “anticipate,” “anticipate,” “imagine,” “search,” “proceed,” “goal” or the damaging of such phrases or different comparable expressions. These statements contain identified and unknown dangers, uncertainties and different components, which can trigger precise outcomes, efficiency or achievements to vary materially from these expressed or implied by such statements, together with: the Firm’s reliance on one key buyer for a considerable proportion of its income; the Firm’s capacity to consummate the proposed acquisition of PodcastOne and the timing of the closing of the proposed transaction, together with the dangers {that a} situation to closing wouldn’t be glad throughout the anticipated timeframe or in any respect or that the closing of the proposed acquisition won’t happen; the Firm’s capacity to draw, preserve and enhance the variety of its customers and paid subscribers; the Firm figuring out, buying, securing and creating content material; the Firm’s capacity to take care of compliance with sure monetary and different covenants; the Firm efficiently implementing its progress technique, together with referring to its know-how platforms and functions; administration’s relationships with business stakeholders; the consequences of the worldwide Covid-19 pandemic; adjustments in financial situations; competitors; and different dangers, uncertainties and components together with, however not restricted to, these described within the Firm’s Annual Report on Type 10-Ok for the fiscal 12 months ended March 31, 2020, filed with the U.S. Securities and Trade Fee (the “SEC”) on June 26, 2020, and within the Firm’s different filings and submissions with the SEC. These forward-looking statements converse solely as of the date hereof and the Firm disclaims any obligations to replace these statements, besides as could also be required by legislation. The Firm intends that each one forward-looking statements be topic to the safe-harbor provisions of the Non-public Securities Litigation Reform Act of 1995.

Press Contact:
Manufacturing facility PR
212.941.9394
live@factorypr.com

LiveXLive IR Contact:
310.529.2500
ir@livexlive.com

Press Contact for CIDM:
Jill Newhouse Calcaterra
jcalcaterra@cinedigm.com
310-466-5135



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