Please do your own due diligence before making any investment decisions. NOTE: I’m not a financial advisor and am just offering my own research and commentary. Let’s take a quick look at the best media stocks to buy… Best Media Stocks to Buy With that being said, I’ve come up with a list of eight media stocks and social media stocks that may be worth adding to your portfolio. The aggregate purchase price of $50m, consisting of cash and stock, is subject to adjustments.ĭuncan Orrell-Jones, CEO of Slacker Radio, said: “We are excited to be joining forces with LiveXLive to extend the capabilities of Slacker to create a broader set of consumer experiences and leverage the reach and resources of LiveXLive to accelerate growth in the business.The word “media” is defined as “ the main means of mass communication (broadcasting, publishing and the internet) regarded collectively.” Since the way that people communicate and consume information is always shifting, this means that what can be defined as a media stock is constantly shifting as well. Under terms of the merger agreement, LiveXLive Media will acquire Slacker through a merger of LiveXLive Media’s wholly owned subsidiary LXL Music Acquisition Corp, and following the merger, Slacker will continue as a wholly owned subsidiary of LiveXLive Media. LiveXLive Media said the acquisition would help it ‘deliver world-class entertainment, information, and music content’.
“Slacker Radio and LiveXLive share a mutual commitment to drive the digital music industry forward by leveraging cutting-edge technologies to create fan-first content and programming.”
In addition, it offers programmed stations, including news, sports and talk from ABC News, ESPN and others. San Diego-based Slacker Radio offers both free and subscription-based access to licensed songs from the three major music companies and various independents. Since it launched in 2015, LiveXLive Media has hosted music video content from festivals such as Rock in Rio, Outside Lands Music and Arts Festival and Hangout Music Festival, as well as original content, artist exclusives and industry interviews. The news comes five months after Slacker Radio was forced to lay off 25% of its global staff in a bid to ‘focus on efficiency’. US-based Live XMedia’s divisions include live music lifestyle video service LiveXLive, as well as Wantickets and ‘social media influencer’ business LiveXLive Influencers. Pandora rival Slacker Radio has been sold to video streaming company LiveXMedia for $50m.
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