This is your soundtrack to 'Music Lives On,' a weekly series of live-streaming performances to benefit the MusiCares COVID-19 Relief Fund. LiveXLive has quickly established itself as the authentic thought leader in music globally and we have an incredibly exciting roadmap and business plan for the rest of the year and beyond. LiveXLive celebrates the power of global music with the an eclectic mix of artists and performers from around the world, inviting you into their homes for intimate concerts. “We are streaming many of the most exciting music festivals in the world and have partnered with the biggest artists and promoters, resulting in record levels of viewership. LiveXLive Premium is another type of LiveXLive subscription that costs 9. “LiveXLive is off to a strong start in fiscal 2020, highlighted by 25% revenue growth, a significant improvement in contribution margin and continued 50% growth in paid subscribers when compared to Q1 2019,” said Robert Ellin, CEO, and Chairman of LiveXLive. To access more features, such as ad-free listening, unlimited skips and the best audio quality you can subscribe to LiveXLive Plus for 3.99 per month. The company also cited non-cash depreciation, amortization, and stock compensation and non-recurring expenses for the quarter to the tune of $5.7 million, leaving their adjusted operating loss $4.6 million, roughly the same as in Q1 2018. Nearly all of LiveXLive's 3.5 million reduction in spending for the quarter appeared to have come from the almost 2 million federal loan it received in March, coupled with 1.4 million in. The company also reported an operating loss of $10.3 million, and a net loss of $11.0 million in Q1 2020, with the revenue from subscriber growth offset by costs associated with live streaming nine events and producing 11 events in the quarter, coupled with ongoing operating investments made. LiveXLive in 2023 by cost, reviews, features, integrations, deployment, target market, support options, trial offers, training options, years in business. LiveXLive attributes the improved revenue to strong subscriber growth, which improved by 50% year-over-year to 740,000 at the end of Q1 2019. The company posted revenue of $9.5 million for the quarter, up from $7.6 million in the same period in 2018.
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