Industry News

LiveXLive builds empire with Slacker Radio purchase

Wantickets owner LiveXLive has acquired North American company Slacker Radio.

LiveXLive is one of the world’s only premium internet networks devoted to live music and music-related video content. It has streamed content from Rihanna, Katy Perry, Radiohead, Chance The Rapper and Bruce Springsteen.

Since its launch in 2015, LiveXLive has been building an online destination for music fans to enjoy premium live performances from music venues and leading music festivals around the world, such as Rock in Rio, Outside Lands Music and Arts Festival and Hangout Music Festival, as well as premium original content, artist exclusives and industry interviews.

By acquiring Slacker Radio, which has radio stations curated by DJs, customisable radio stations based on your taste, and at one point sold portable music players, LiveXLive will aim to expand its usage time further than just nightly concerts or festivals.

Commenting on the Slacker deal, president Andy Schuon said: “To continue to have the opportunity to shape the future of music streaming services and streaming radio with a leading platform like Slacker Radio is incredibly exciting. I look forward to working with the Slacker team as we bring the worlds of recorded music and live music together with the best audio and video content”.

In addition, LiveXLive has a talent division led by social media celebrity Amanda Cerny, which features work from King Bach and controversial YouTube star Jake Paul.

Founded in 2015, LiveXLive is yet to turn a profit, and lost $14.2m in 2016, on revenue of $225,000 (£166,300/€188,000).

Earlier this year, it acquired electronic dance music ticketing company Wantickets, expanding its portfolio of venues and festivals.