LiveXLive Media To Undergo Major Restructuring, Rebranding

Author: Anusuya Lahiri | September 15, 2021 07:48am

• LiveXLive Media Inc (NASDAQ:LIVX) plans to change its name to "LiveOne, Inc" and assume a new Nasdaq stock symbol "LVO" in the coming weeks.
• LiveXLive also proposes to spin out its existing pay-per-view business as a separate public company branded as "PPVOne" and distribute a portion of its equity to LiveXLive's stockholders, anticipated by March 31.
• The company plans to rebrand its businesses as the "ONE" brand. LiveXLive's podcasting business, PodcastOne, will become "PodcastOne." The music subscription business, Slacker, will become "SlackerOne." 
• The live music business, React Presents, will become "ReactOne." The merchandising business, CPS, will become "PersonalizedMerchOne." 
• The original content business will become "StudioOne."
• Price Action: LIVX shares traded higher by 2.15% at $3.32 in the premarket session on the last check Wednesday.

Posted In: LIVX