BEVERLY HILLS, Calif., April 17, 2018 /PRNewswire/ -- LiveXLive
Media, Inc. (NASDAQ: LIVX) ("LiveXLive"), a global digital media company focused on live entertainment, today announced that it
has appointed Michael Zemetra as its chief financial officer effective April 13, 2018. Zemetra brings to LiveXLive significant financial and operational experience from his
leadership roles with global companies across multiple industries.
Zemetra will succeed Jerry Gold, who guided LiveXLive through many important milestones in the
company's evolution, including its listing to NASDAQ, the acquisition of Slacker Radio and a transformative capital raise. Now
that these activities are complete, Gold has been appointed chief strategy officer and has joined LiveXLive's Board of Directors
effective April 16, 2018. He will be advising on company strategy and music industry relations and
working with Zemetra to ensure a seamless transition.
"We are sincerely grateful to Jerry for his outstanding leadership and continuing contributions to the growth and success of
LiveXLive and are pleased to have him join the board," commented Robert Ellin, CEO and chairman of
LiveXLive. "Michael's proven track record as a financial leader guiding highly relevant technology and media companies is an
incredible asset that we will leverage as we continue to grow and build our market presence. As we approach the start of music
festival season, we are extremely excited for our future and are focused on executing on the very significant opportunities ahead
of us," said Ellin.
Zemetra is a seasoned executive with extensive financial and operational experience in building, managing and scaling large
global organizations, systems and operations. He has built and led financial organizations across multi-billion-dollar
technology, media, ecommerce, entertainment, retail and telecommunications companies. Most recently Zemetra served as the
divisional chief financial officer for the business cloud division of j2 Global. Prior to that, he served as chief financial
officer and chief accounting officer for the in-flight entertainment services company, Global Eagle Entertainment, and previously
as senior vice president and chief accounting officer for digital content and media company, Demand Media, Inc. (now Leaf
Group).
"LiveXLive is positioned to capitalize on the massive opportunities in streaming music and live events, and I am thrilled to
join as its chief financial officer," said Zemetra. "This is an exciting time to join the talented LiveXLive team, and I look
forward to contributing to the next phase of the company's growth and evolution."
About LiveXLive Media, Inc.
LiveXLive Media, Inc. (NASDAQ: LIVX) (the "Company") is a global digital media company dedicated to music and live
entertainment. The Company operates one of the only video streaming services for live music and original music-related content,
"LiveXLive," which creates a social, community-oriented experience for music lovers. The LiveXLive platform, and app, deliver
premium live-streamed and on-demand video content from some of the world's top music festivals and concerts, including Rock in
Rio, Outside Lands Music and Arts Festival, Hangout Music Festival, and more, with featured live performances from world-renowned
artists such as Rihanna, Katy Perry, Radiohead, Chance The Rapper, Bruce
Springsteen, Maroon 5 and Major Lazer. Alongside the many live-streamed music events,
LiveXLive also gives audiences access to premium original content, artist exclusives and industry interviews. The Company is
headquartered in Beverly Hills, CA, and its business also includes social influencer network,
LiveXLive Influencers and internet radio service Slacker Radio (www.slacker.com). For more information, visit us at www.livexlive.com and follow us on Facebook, Instagram and
Twitter at @livexlive.
Forward-Looking Statements
All statements other than statements of historical facts contained in this press release are "forward-looking statements,"
which may often, but not always, be identified by the use of such words as "expects", "anticipates", "intends", "estimates",
"plans", "potential", "possible", "probable", "believes", "seeks", "may", "will", "would," "should", "could" or the negative of
such terms or other similar expressions. 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 identifying, acquiring, securing and developing content, ability to attract and retain
users, successfully implementing the Company's and Slacker's growth strategy, including relating to their 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 the Company's Registration Statement on Form S-1, Amendment No. 5, filed
with the Securities and Exchange Commission on December 15, 2017 (the "SEC"), and other filings and
submissions with the SEC. These forward-looking statements speak only as of the date hereof and the Company disclaims any
obligations to update these statements except as may be required by law.
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SOURCE LiveXLive Media, Inc.