Livexlive Media Inc (NASDAQ: LIVX) and iHeartMedia Inc (NASDAQ: IHRT) are hosting an album release party for Bieber’s sixth studio album, “Justice,” on March 25. 1 artist on YouTube, owned by Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL), with 60 million subscribers and has over 65 million monthly listeners on Spotify Technology SA (NYSE: SPOT). What Happened: Justin Bieber is a bestselling musician with more than 75 billion career streams and 70 million albums sold. IHRT Price Action: Shares are up 1.43% to $18.09 on Friday.A small cap music company seeing record growth announced a partnership with one of the leading names in the industry on Friday. LIVX Price Action: Shares of LiveXLive Media are up 4.42% to $4.73 on Friday. Investors should watch to see if this leads to additional NFT offerings from the company’s livestreaming events. It was created by its Custom Personalized Solutions brand. The festival will have the first-ever NFT music festival poster according to the company. The 2020 streaming festival had more than 50 million views from fans. More than 100 artists will participate in the event featuring over 50 hours of nonstop music. The company’s upcoming second annual LiveXLive Global Streaming Festival, March 26 and 27, will feature artists such as John Mayer, Wiz Khalifa, Pitbull and others. LiveXLive could be a player in the market with its livestreaming events and large base of super fans looking for collectibles of their favorite artists. NFT Play?: Investors have been looking for stocks with exposure to NFTs, or non-fungible tokens. Related Link: Recap: LiveXLive Media Q3 Earnings The company issued fiscal 2022 guidance in a range of $90 million to $100 million. LiveXLive is guiding for full fiscal 2021 revenue to come in a range of $64 million to $69.5 million. The third quarter marked the 11th consecutive quarter of record revenue for the company.
The company’s nine-month revenue total of $44.2 million is up 53.5% year-over-year.
LiveXLive recently reported third-quarter revenue of $19.1 million, a 96.9% year-over-year increase.
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