In April 2020, LiveXLive produced its first 48-hour music festival called 'Music Lives' with tremendous success as it earned over 50 million views and over 5 billion views for #music lives on TikTok on 100+ performances. LiveXLive, which has streamed over 1,800 artists since January 2020, has become a go-to partner for the world's top artists and celebrity voices as well as music festivals concerts, including Rock in Rio, EDC Las Vegas, and many others. (NASDAQ: LIVX) (the 'Company') (pronounced Live 'by' Live) is a global platform for livestream and on-demand audio, video and podcast content in music, comedy, and pop culture. Headquartered in Los Angeles, California, LiveXLive Media, Inc. LiveXLive does not intend to make any future announcements concerning this process or developments unless and until its board of directors has approved a specific transaction or the company has otherwise determined that further disclosure is appropriate or required by law. There can be no assurance that LiveXLive's efforts will result in a specific transaction or any particular outcome or its timing. Potential alternatives may include, among others, a strategic acquisition, divestiture, merger, sale or other form of business combination.

Morgan and its legal advisors, to commence a process to explore strategic alternatives in order to enhance shareholder value.

4, 2021 /PRNewswire/ - LiveXLive Media (Nasdaq: LIVX) ('LiveXLive'), a global platform for livestream and on-demand audio, video and podcast content in music, comedy and pop culture, and owner of PodcastOne, Slacker Radio, React Presents and Custom Personalization Solutions ('CPS'), announced today that it has expanded its recently announced review of strategic opportunities to grow the Company's business and its board of directors has decided, assisted by J.P.

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