“The passion for live music has never been greater, and LiveXLive is focused on being the brand-of-record – globally – for live music information, music-focused content and the streaming of music’s biggest festivals and events,” states Schuon. He will now oversee all of the company’s divisions, which include live music lifestyle video service LiveXLive, Wantickets and social media influencer business LiveXLive Influencers as well as new acquisitions Slacker Radio and Snap Interactive. The deal is being touted as a "first move" by newly appointed LiveXLive president and former Revolt TV founder Andy Schon. The companies will now combined content programming teams to build a network of both audio and video channels that stretch across mobile, TV apps, and in-car infotainment systems. Slacker offers free and subscription-based music streaming plus news, sports and talk. The purchase likely means a loss for Slacker investors who had pumped in more than $70 million since 2006.īut with 60% of millennials using two or more apps for streaming music, according to Nielsen, LiveXLive execs believe that market is prime for a service that combines video with the live and recorded music worlds. Live concert site LiveXLive has acquired music streamer Slacker Radio for $50 million in cash and stock.
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