The planned acquisition will enhance the storied Modern Drummer brand and expand LiveXLive's growing list of distribution platforms for its original and proprietary content and franchises, which will now include Modern Drummer's podcast, Modern Drummer Festival, and pay-per-view events. Modern Drummer Acquisition Will Bolster LiveXLive's Expanding Distribution Platforms and Flywheel The proposed acquisition is expected to close by June 30, 2021, subject to customary and other closing conditions. LOS ANGELES, /PRNewswire/ - LiveXLive Media (Nasdaq: LIVX) ("LiveXLive"), a global platform for livestream and on-demand audio, video and podcast/vodcast content in music, comedy and pop culture, and owner of PodcastOne, Slacker Radio, React Presents and Custom Personalization Solutions, announced today that it has entered into a binding Letter of Intent to acquire Modern Drummer Publications, Inc., the world's most read drum magazine print edition with a digital reach in the millions and a respected source and gold standard for drumming features, news, education, podcasts and reviews.
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