As an artist-first platform, LiveXLive continues to aggregate synergetic businesses as well as experienced professionals who are positioned to assist and collaborate with artists on attracting superfans, building long-term franchises in audio music, podcasting/vodcasting, OTT linear channels, NFTs, merchandise, PPV, and live streaming. LIVX Price Target 2022 LiveXLive Media Analyst Ratings NASDAQ:LIVX LiveXLive Media - LIVX Price Target & Analyst Ratings 0.54 -0.04 (-6.96) (As of 12:00 AM ET) Compare Today's Range 0.50 0.57 50-Day Range 0.50 0.82 52-Week Range 1.78 6.95 Volume 171,097 shs Average Volume 1. LIVX CEO Robert Ellin said, “Gramophone Media is another outstanding addition to LiveXLive’s complementary businesses. Revenues are now expected to range between $107 million and $115 million, while adjusted operating income from its core operations is forecast to range between $5 million and $10 million. In addition, on May 26, LiveXLive raised its revenue guidance for FY2022 based on the strength in its core businesses. Gramophone Media’s management team, including President, Founder, and sole shareholder, Eshy Gazit, will remain with Gramophone Media.
Upon completion of the deal, Gramophone Media will function as a wholly-owned subsidiary of LiveXLive. The acquisition is expected to close by the end of June this year, subject to certain regulatory approvals. Gramophone Media, Inc., based in NYC, is an artist and brand development agency specializing in music publicity with over 400 artists and platforms.
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