However, the company’s operating losses also increased: from $5.8m in the second quarter of 2020 to just under $10m a year later. How is that business model doing? Well, LiveXLive recently trumpeted its “13th consecutive quarter of record revenue” after generating $38.8m in the second quarter of this year – its fiscal Q1. Chairman and CEO Robert Ellin said the move will “further pull together our flywheel business model”. The rebrand will cover its various other services too: its podcasting arm PodcastOne already has the correct suffix, but music streaming service Slacker will now be called SlackerOne. Livestreaming firm LiveXLive is changing its name to LiveOne and planning to spin off its pay-per-view business as a separate public company.
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