![]() Yesterday company officials issued a cryptic press release on its acquisition of PodcastOne that included a subhead noting that LiveXLive had potentially increased its cash to “$18.5 million, up from $12.4 million,” from March 31 (the end of its fiscal year) without any further explanation or mention in the release.Īs Lawsuits Mount, LiveXLive Says It Will Ask for $2M PPP Loan to Be Forgiven With live events on hold for the rest of the year, the company is hoping pay-per-view concerts and podcasts will help the streaming company reign in growing losses, a high-interest loan that’s restricted a large chunk of its cash and expensive lawsuits the company has struggled to defend. Besides announcing LiveXLive had sold out of the VIP passes, LiveXLive is hoping to convince investors it is on sound financial footing as it goes into the second quarter. Plenty of the Monbebes (the nickname for the K-pop group’s fans) would gladly pay, according to a press release from LiveXLive, one of five announcements the company has sent out since its dismal annual earnings report came out last week. ![]() Would you pay $150 for a ticket to see a virtual Monsta X concert if it included a 20-second digital meet and greet with the band?
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