Talking of fiscal matters: LiveXLive recently published its latest financial results, revealing that it generated revenues of just under $9m in the fourth quarter of 2018, but reported a net loss of $6.6m, thanks in part to operating expenses of $14.7m. The latter company says that it will be broadcasting 50 music festivals and concerts in its 2020 fiscal year. The deal will also see iHeartRadio getting a channel on LiveXLive’s online-video service. US firm LiveXLive has bagged the rights to live-stream 17 of US radio group iHeartMedia’s events this year, including various festivals, as well as licensing and streaming rights for some smaller events like album launches and live performances. “This partnership with LiveXLive will expand the reach of our one of a kind iHeartRadio events and theater shows to new audiences.Tags: Financials iheartradio Livestreaming LiveXLive John Sykes, President of Entertainment Enterprises for iHeartMedia, added: “We are all about connecting great artists with their fans in every way we can. “This partnership with LiveXLive will expand the reach of our one of a kind iHeartRadio events and theater shows to new audiences.”
“Our partnership with iHeartMedia is a powerful win for fans, bands and brands.” “This deal immediately allows us to expand and diversify our programming through iHeartMedia’s reach of a quarter of a billion people across radio, digital, social and more. “From the start, our mission has been to deliver the best seat in the house to fans of all genres of music,” said Robert Ellin, CEO and Chairman of LiveXLive. “This deal immediately allows us to expand and diversify our programming through iHeartMedia’s reach of a quarter of a billion people across radio, digital, social and more.” The company continues to expand its offering, with 50 music festivals and concert livestreams planned for the 2020 fiscal year, in addition to original series programming, single artist concerts, ‘LiveXLive Presents’, and award show content. LiveXLive has streamed more than 24 music festivals, concerts and other live music events featuring over 400 hours of live content during its 2019 fiscal year.
The partnership will also feature new co-produced and co-promoted video content including a co-created iHeartRadio channel on LiveXLive.
0 kommentar(er)
