LiveXLive Media Launches Public Offering

                   LiveXLive Media Launches Public Offering

PR Newswire

BEVERLY HILLS, Calif., Oct. 9, 2017

BEVERLY HILLS, Calif., Oct. 9, 2017 /PRNewswire/ -- LiveXLive Media, Inc.
(OTC: LIVX)("LiveXLive"), one of the only premium networks devoted to live
music and music-related video content, will commence a public offering of
shares of its common stock. In the offering, LiveXLive is selling 7,692,308
shares of its common stock. The public offering price is expected to be
between $12.00 and $14.00 per share (on a post 1-for-3 reverse stock split
basis, which LiveXLive intends to complete prior to the completion of the
public offering). LiveXLive has granted the underwriters a 30-day option to
purchase up to an additional 1,153,846 shares of its common stock. The company
has applied to list its common stock on the New York Stock Exchange under the
symbol "LXL."

LiveXLive (PRNewsFoto/Loton, Corp.)

LiveXLive intends to use the net proceeds from the proposed offering to fund
working capital, capital expenditures, the acquisition of Slacker, Inc., the
acquisition of SNAP Interactive, Inc., and other general corporate purposes,
which may include future acquisitions of businesses and content.

BMO Capital Markets is acting as the sole book-running manager for the
proposed offering and as representative of the underwriters. JMP Securities is
acting as lead manager, and Craig-Hallum Capital Group is acting as co-manager
for the proposed offering. The proposed offering will be made only by means of
a prospectus. A copy of the preliminary prospectus relating to the proposed
offering may be obtained from the representative of the underwriters: BMO
Capital Markets at (800) 414-3627 or via email at bmoprospectus@bmo.com.

A Registration Statement on Form S-1, as amended, relating to these securities
has been filed with the U.S. Securities and Exchange Commission but has not
yet become effective. These securities may not be sold, nor may offers to buy
be accepted, prior to the time such Registration Statement becomes effective.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale, would be
unlawful prior to registration or qualification under the securities laws of
any such state or jurisdiction.

About LiveXLive Media, Inc.

LiveXLive Media, Inc. ("LiveXLive Media") is home to premier video and audio
media brands and technology assets that create a social media ecosystem for
music, including the LiveXLive platform ("LiveXLive"). LiveXLive is one of the
world's only premium streaming services devoted to live music and
music-related video content, delivering live streamed and premium, on demand
original content to nearly any internet-connected screen. Since its launch in
2015, LiveXLive has streamed performances from more than 200 of the world's
most popular artists from some of music's most popular festivals, including
Rock In Rio, Outside Lands Music and Arts Festival, and Hangout Music
Festival.

LiveXLive Media's businesses also include event marketing and ticketing
platform Wantickets and social media influencer venture LiveXLive Influencers.
LiveXLive Media is headquartered in Beverly Hills, CA.

Forward-Looking Statements

All statements other than statements of historical facts contained in this
press release are "forward-looking statements." 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. These factors include uncertainties as to the
consummation of the proposed public offering and the proposed acquisitions of
Slacker and Snap Interactive, identifying, acquiring, securing and developing
content, ability to attract and retain users, successfully implementing
LiveXLive Media's growth strategy, including relating to its technology
platforms and applications, management's relationships with industry
stakeholders, changes in economic conditions, competition, and other risks
including, but not limited to, those described in LiveXLive Media's
Registration Statement on Form S-1, as amended, and its other filings and
submissions with the SEC. These forward-looking statements speak only as of
the date hereof and LiveXLive disclaims any obligations to update these
statements except as may be required by law.

 

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SOURCE LiveXLive Media, Inc.

Contact: Investor Contact: Alex Wellins, The Blueshirt Group,
alex@blueshirtgroup.com, (415) 217-5861, OR Media Contact: Kristi Mexia, Beck
Media & Marketing, kristi.mexia@beckmedia.com, (310) 300-4800
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