LiveXLive Sees Continued Momentum As Pay-Per-View Concert Ticket Sales Reach 17,000 And Shaq Vs. Gronk Stream Drives Total Live Stream Views To Over 78 Million
LOS ANGELES, June 29, 2020 /PRNewswire/ -- LiveXLive Media, Inc. (NASDAQ: LIVX) ("LiveXLive"), a global platform for live stream and on-demand audio, video and podcast content in music, comedy and pop culture, announced today the international pay-per-view (PPV) event with global K-Pop sensation Monsta X sold out of all $149.99 VIP packages in just two minutes with still more then 30 more days of ticket sales remaining. Ticket sales kicked off on June 26, 2020 on LiveXLive's site and apps, and are available at www.LiveXLive.com/monstax.
LiveXLive recently announced it will exclusively produce and live stream Monsta X's only full-length global performance scheduled for 2020. The Monsta X event is scheduled for Saturday, July 25 at 8 p.m. PT / 11 p.m. ET / Sunday, July 26 at 12 p.m. KT.
Since it announced PPV and digital touring in May 2020, LiveXLive has sold over 17,000 PPV tickets in over 96 countries at an average price of $27. LiveXLive's PPV initiative was created as a revenue-share model to support artists during a time when concerts and touring are at a standstill. LiveXLive's PPV platform allows artists to go direct-to-consumer and perform full length concerts with unique behind the scenes footage, docureality-style coverage coupled with premium tiered pricing with tickets that include VIP experiences, exclusive merchandise, digital meet-and-greets, and other event-exclusive perks using. Future PPV events include top artists such as Nelly and Jeremih and many more.
The upcoming Monsta X PPV concert follows the success of LiveXLive's recent 90-minute special in partnership with Live Nation, Lift Every Voice: A Juneteenth Special which garnered over 3 million views, as wll as this past weekend's Shaq's Fun House vs. Gronk Beach live stream which garnered over 9 million views. Since January 1, 2020, LiveXLive has live streamed 59 live music events and 1,200 artists, an increase of over 300% and over 1100%, respectively, as compared to the same time period last year. LiveXLive's platform has generated over 78 million live stream views and over 5 billion video views on TikTok. LiveXLive paid subscribers has increased to a record 873,000 and has achieved a total potential reach of 7.3 billion between press and social.
LiveXLive, accessible on the web as well as on devices from the car to home, brings music fans the best seat in the house for festivals, concerts and events worldwide, via a curated-by-people audio selection of millions of recorded songs, original programming segments comprised of live performances, podcasts, artist interviews, lifestyle segments, and show pilots. LiveXLive's streams are also available on Amazon, Apple TV, Roku and Samsung TVs. LiveXLive operates a live events business and offers branded entertainment, content development, advertising, merchandising, and live streaming services. For more information about LiveXLive, please visit www.livexlive.com.
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