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September 28, 2020

The Post Wired

News On Trending

Notable News Spotlight: LiveXLive Media, Inc. (NASDAQ:LIVX) redesigns app for music fans

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LiveXLive Media, Inc. (NASDAQ:LIVX) performed -2.52% to trade value at $4.25 in recent trading session and its total traded volume was 45460 shares versus to an average volume of 75.85K. The company has market cap of $214.29 million. The stock has monthly performance of -15.00% while its yearly performance remained at 0.59%.

LiveXLive Media, Inc. (NASDAQ:LIVX) disclosed the introduction of a redesigned app that brings livestreams from more than 35 global music festivals together with millions of recorded songs and hundreds of curated radio stations.  Combining Slacker’s pioneering personalization and LiveXLive’s industry-leading livestreaming expertise, the new app offers one-touch access to live events, audio streams, original episodic content, podcasts, video on demand, real-time livestreams, and social sharing of content.

Robert Ellin, Chairman and CEO of LiveXLive said “The redesigned app allows music fans to access the best in live music events and recorded music anywhere, from their cars to their homes, furthering our mission to unify bands, brands and fans all over the world”.

Tad Ro, Head of Product for LiveXLive said “Our goal is to create the ultimate personalized video, audio and social destination for music fans, with unparalleled access to the artists”.  “The new app enhances the audio and video experience through features such as multiple live channels for live video broadcasts with multi-view perspectives of stages, vertical edge-to-edge video, a dynamic video player to support both livestreams and video on-demand playback, and the Slacker-powered music service that’s uniquely based on data-informed, human curation for streaming music stations.”

Launching, to coincide with LiveXLive’s coverage of EDC Las Vegas and the Hangout Music Festival, the new LiveXLive app can be downloaded for iOS and Android devices, free of charge.  Premium subscriptions include more than 100 on demand advertising-free live performances and more than forty live music events, as well as original music, pop culture, and episodic content, special live events, and expertly curated audio stations with unlimited skips.

The stock demonstrated move of -14.49% in previous 5 days graph. Its quarterly performance stands with the percentage of -26.47% while its year to date performance showed change of -14.14%.

The Company has an insider ownership of 0.80% and institutional ownership remained 27.50%. Its return on investment (ROI) for the last 12 month was -31.60% and its return on equity (ROE) of -135.90% while return on assets (ROA) is at -56.90%.