LiveXLive to rebrand as LiveOne and spin off pay-per-view business into public company – MarketWatch

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LiveXLive to rebrand as LiveOne and spin off pay-per-view business into public company – MarketWatch

Published: Sept. 15, 2021 at 7:29 a.m. ET LiveXLive Media said Wednesday it wi

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LiveXLive Media said Wednesday it will change its corporate name to LiveOne and spin off its pay-per-view business as a separate public company called PPVOne. LiveXLive plans to switch to the stock symbol LVO in coming weeks. As part of the spin off of its existing pay-per-view business, it will distribute a portion of the new company’s equity to LiveXLive’s stockholders by March 31. The name LiveOne builds upon the heritage created by the founder of Westwood One and PodcastOne, which LiveXLive acquired in July 2020, the company said. Shares of LiveXLive rose 2% in pre-market trades. The stock is down about 0.9% so far…

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