Company Secures Exclusive Multi-Year Digital Streaming Rights
LOS ANGELES--(BUSINESS WIRE)--
Loton, Corp’s (OTC: LIVX) LiveXLive subsidiary has entered into an
agreement securing the worldwide multi-year streaming rights for the
historic 1,900 seat Saban Theatre in Beverly Hills, CA. LiveXLive will
produce and distribute HD digital broadcast experiences of the world’s
leading performers to any connected device.
“We are excited to have LiveXLive as our partner. LiveXLive will create
and curate ongoing branded content including live streamed concert, and
other lifestyle events from our historic venue,” stated David Baron,
Head of the BHPAC at the Saban Theatre.
The five-year agreement includes exclusive rights to stream all Saban
Theatre events live across the globe on the LiveXLive website and mobile
app in addition to select distribution partner platforms including web,
mobile, radio, audio, television, virtual reality and other devices.
“With the Rock in Rio, Tao Group, KoKo’s, and Saban Theatre partnerships
in addition to the creation of new shows, LiveXLive is well on its way
to realizing the company’s vision to aggregate thousands of hours of
premium live music and other exclusive curated content across the
globe,” said Robert Ellin, LiveXLive Founder and Chairman. “LiveXLive is
building the first independent global live music and lifestyle network
providing fans access to experience music around the world like never
before and all from the palm of their hand.”
In advance of the formal launch of LiveXLive later this year, the
company will continue to acquire rights to top music festivals in
addition to nightlife performances and other live music and curated
content. The company is in discussions with content and distribution
partners, venues and artists from around the world.
About the Saban Theatre
The Saban Theatre has been a
significant cultural and architectural landmark for Los Angeles and
Beverly Hills since its opening as the Fox Wilshire Theatre in 1930. The
theatre produces year round music events as well as other engagements
including acts such as Snoop Dogg, Adam Lambert, Billy Idol, Journey,
Billy Crystal, Eddie Murphy, Dave Chappelle among other greats.
About Loton, Corp (OTC: LIVX)
Loton, Corp (LIVX.OB) is a
parent company in the emerging live / digital music space. The company's
LiveXLive subsidiary intends to be the world's first premium live music
streaming network that will deliver around the clock live music to
viewers on any connected device as an authentic and experiential
platform. The platform plans to offer the world's leading music
festivals with multiday and multistage coverage, unique concerts,
intimate performances and cutting edge programming. We plan to extend
the live experience to fans on desktop, laptop, mobile, tablets,
consoles, connected TVs and virtual reality platforms. The LiveXLive
network expects to provide compelling and curated content that showcases
the entire spectrum of music to include music inspired fashion, food,
and lifestyle content and showcase interviews, backstage access and both
fan and artist perspectives. LiveXLive intends to feature all genres of
music including rock, pop, indie, alternative, EDM, country and feature
major festival headliners as well as emerging artists performing at
clubs and venues around the globe.
Forward Looking Statement
Statements in this news release
concerning future results from operations, financial position, economic
conditions, product releases and any other statement that may be
construed as a prediction of future performance or events are forward
looking statements which involve known and unknown risks, uncertainties
and other factors which may cause actual results to differ materially
from those expressed or implied by such statements. These factors
include uncertainties as to levels of orders, ability to record
revenues, release schedules, market acceptance of new products, changes
in economic conditions and market demand, pricing and other activities
by competitors, and other risks including those described from time to
time in the Company's filings on Forms 10-K and 10-Q with the Securities
and Exchange Commission, press releases and other communications.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160125006644/en/
Loton, Corp
Business Inquiries:
Robert Ellin
[email protected]
or
Media
Inquiries:
Michael Nyman
[email protected]
Source: Loton, Corp