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LiveXLive Partners With American Songwriter For Annual Song Contest

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LOS ANGELES, June 4, 2021 /PRNewswire/ -- LiveXLive Media (Nasdaq: LIVX) ("LiveXLive"), a global platform for livestream and on-demand audio, video, and podcast/vodcast content in music, comedy, and pop culture, and owner of PodcastOne, Slacker Radio, React Presents, and Custom Personalization Solutions, announced today that it has partnered with American Songwriter, a subsidiary of Savage Ventures, to highlight aspiring songwriters with the publication's annual song contest. The partnership affords rising talent an opportunity to win a First Place Prize, including two premium benefits provided by LiveXLive, $10,000 in cash and a music publishing deal with LiveXLive's Music Publishing Division; a significant kickstart for a rising songwriter's career. In addition, each entrant will be given a three month LiveXLive Plus subscription. At the core of the relationship is a mutual desire to support songwriters' pursuit of professional success, while giving their music greater awareness with an international platform offering a captive audience searching for the discovery of new music. 

The contest launched on June 1, 2021. Contestants can enter the contest by applying and submitting their songs at AMERICANSONGWRITER.COM/SONG-CONTEST with the winner being announced in December 2021. Contest submissions will be evaluated and judged by a panel of notable artists and songwriters, such as Martina McBride, Michael Franti, and Maggie Rose, label and industry executives, and LiveXLive, who will collectively select the winner. 

David Schulhof, President of LiveXLive Music Publishing, stated, "American Songwriter is the gold standard outlet for songwriters, musicians, and music enthusiasts — and is a perfect fit and partnership for LiveXLive. Together, we will be able to provide rising talent a substantial prize and an out-of-the-gate publishing deal with an automatic audience across the LiveXLive platform which will propel the winners profile with fans and the music industry. We look forward to being a part of this very exciting contest and helping to build a career from the start." 

"This is a cool moment for the 35-year-old publication in not only providing a platform for songwriters to learn and compete, but to be given an opportunity to have their songs recognized on one of the most formidable platforms for rising and established artists. LiveXLive is an artists first organization, this, in and of itself, was a huge selling point for joining with them in supporting the careers of new songwriters and artists," said Zac Litwak, Partner at Savage Ventures and American Songwriter's Chief Marketing Officer.

The partnership will tap into LiveXLive's flywheel business model of listen, watch, attend, engage and transact. The LiveXLive platform is unique in the marketplace, providing aspiring talent incredible opportunities to publish and share their songs, create professional videos. All of this engagement builds artists' audience and amplifies their music through the high-profile LiveXLive franchise content such as "Music Lives On" and "Music Lives," as well being featured across other LiveXLive platforms such as its leading podcast platform PodcastOne.

LiveXLive's platforms in live streaming, streaming radio, podcast and vodcasts, original programming and publishing provide rising artists with incredible exposure early on in their careers. LiveXLive's livestreams, festivals and pay-per-view concerts afford artists the critical mass of viewers and listeners; establishing the platform as a must stop on rising talent's exposure to audiences. 

About American Songwriter 
American Songwriter (AmericanSongwriter.com) was founded in 1984, and acquired by Savage Ventures in 2019. The site, magazine publication, and podcast network offer a wide variety of engaging content and contests for site visitors and members. The content shares in-depth Q&As with up-and-coming, established and legendary songwriters, provides coverage of recording technology (including the latest gadgets and gear every songwriter should know about), and reports on the business of music publishing with interviews and insight from publishers, producers, and other industry professionals. American Songwriter explores all genres of music – from country to hip-hop, folk to classical, rock to pop, blues to electronica and soul to R&B. Distributed internationally with a heavy domestic subscriber base, the readership of American Songwriter is just as diverse as its contents, including both professional and aspiring songwriters, music fans, music publishers, studio owners, copyright lawyers, record label presidents, and music consumers.

About LiveXLive Media, Inc.
Headquartered in Los Angeles, California, LiveXLive Media, Inc. (NASDAQ: LIVX) (the "Company") (pronounced Live "by" Live) is a leading global all-in-one streaming artist-first platform delivering premium music and entertainment content and live-streams from the world's top artists, expertly curated streaming radio stations, podcasts, and original video and audio-on-demand content, as well as personalized merchandise, connecting artists to millions of fans every day. The Company has streamed over 1,800 artists since January 2020 and has created a valuable connection between bands, fans, and brands by building long-term franchises in audio, video, podcasting, pay-per-view (PPV), live-streaming, and specialty merchandise. LiveXLive is available on iOS, Android, Roku, Apple TV, and Amazon Fire, and through OTT, Samsung TV, STIRR, Sling, and XUMO, in addition to its own app, online website, and social channels. The Company's wholly-owned subsidiary PodcastOne, generates more than 2.25 billion downloads per year with 400+ episodes distributed per week across a stable of hundreds of top podcasts. The Company's other major wholly-owned subsidiaries are LiveXLive, Slacker Radio, React Presents, and Custom Personalization Solutions. For more information, visit www.livexlive.com and follow us on Facebook, Instagram, TikTok, and Twitter at @livexlive.

Forward-Looking Statements
All statements other than statements of historical facts contained in this press release are "forward-looking statements," which may often, but not always, be identified by the use of such words as "may," "might," "will," "will likely result," "would," "should," "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "continue," "target" or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: the Company's reliance on one key customer for a substantial percentage of its revenue; the Company's ability to consummate any proposed financing, acquisition or transaction, the timing of the closing of such proposed event, including the risks that a condition to closing would not be satisfied within the expected timeframe or at all, or that the closing of any proposed financing, acquisition or transaction will not occur or whether any such event will enhance shareholder value; the Company's ability to continue as a going concern; the Company's ability to attract, maintain and increase the number of its users and paid subscribers; the Company identifying, acquiring, securing and developing content; the Company's intent to repurchase shares of its common stock from time to time under the stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; the Company's ability to maintain compliance with certain financial and other covenants; the Company successfully implementing its growth strategy, including relating to its technology platforms and applications; management's relationships with industry stakeholders; the effects of the global Covid-19 pandemic; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of the Company's subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2020, filed with the U.S. Securities and Exchange Commission (the "SEC") on June 26, 2020, Quarterly Report on Form 10-Q for the quarter ended December 31, 2020, filed with the SEC on February 16, 2021, and in the Company's other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof and the Company disclaims any obligations to update these statements, except as may be required by law. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

Press Contacts:
Aileen Budow | aileen@livexlive.com | 917.842.9653
Lynda Dorf | LyndaDorf@therosegrp.com | 424.645.4620
Brittany Bowen | Brittany@therosegrp.com | 614.226.9542

LiveXLive IR Contact:
ir@LiveXLive.com | 310.601.2505

American Songwriter Contact:
Lisa Konicki | Editor-In-Chief | lisa.konicki@americansongwriter.com

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SOURCE LiveXLive Media, Inc.

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Headquartered in Los Angeles, California, LiveXLive Media, Inc. (pronounced Live 'by' Live) is a leading global all-in-one streaming artist-first platform delivering premium music and entertainment content and live-streams from the world's top artists, expertly curated streaming radio stations, podcasts, and original video and audio-on-demand content, as well as personalized merchandise, connecting artists to millions of fans every day. The Company has streamed over 1,800 artists since January 2020 and has created a valuable connection between bands, fans, and brands by building long-term franchises in audio, video, podcasting, pay-per-view (PPV), live-streaming, and specialty merchandise. LiveXLive is available on iOS, Android, Roku, Apple TV, and Amazon Fire, and through OTT, Samsung TV, STIRR, Sling, and XUMO, in addition to its own app, online website, and social channels. The Company's wholly-owned subsidiary PodcastOne, generates more than 2.25 billion downloads per year with 400+ episodes distributed per week across a stable of hundreds of top podcasts. The Company's other major wholly-owned subsidiaries are LiveXLive, Slacker Radio, React Presents, and Custom Personalization Solutions.