![]() Hall Of Fame Resort's Stock Rallies 30% On NFL NFT Potential IHRT Price Action: Shares are up 1.43% to $18.09 on Friday.Ĭlick here for options trades from Benzinga 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. Why It’s Important: LiveXLive Media, which presented at a recent Benzinga Small Cap Conference, is targeting super fans who want to listen to their favorite artists and attend livestreaming performances. The album from Def Jam Records features chart-topping hits like “Holy,” “Lonely,” “Anyone,” and “Hold On.” Tracks from the album have been streamed over two billion times globally already. ![]() iHeartMedia will stream audio of the event on its pop, hot adult contemporary and rhythm stations. The event will feature never-before-heard interviews, fan questions and music from the album. ![]()
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