LIVX - LiveXLive to acquire Gramophone Media an artist and brand development Company

LiveXLive Media (LIVX) has entered into a binding Letter of Intent to acquire Gramophone Media.Gramophone Media is an artist and brand development company that comprises boutique agencies specializing in PR, music and technology, A&R, strategic marketing, brand positioning, graphic design, and social media management, including Mavrick Artist Agency.The addition is expected to be immediately accretive to earnings.The proposed acquisition is expected to close by June 2021, subject to customary and other closing conditions.

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LiveXLive to acquire Gramophone Media, an artist and brand development Company