LiveXLive’s PodcastOne Acquires Award Winning “Our Fake History” Recognized As The Best Educational Podcast

LOS ANGELES, Jan. 27, 2021 /PRNewswire/ -- PodcastOne, a leading podcast platform and a subsidiary of LiveXLive Media (NASDAQ: LIVX) ("LiveXLive"), announced today that it has finalized a deal to bring the award winning podcast "Our Fake History" into the fold by acquiring the exclusive sales and distribution rights to the program. PodcastOne acquired the exclusive sales and distribution rights to "Our Fake History" podcast Created and hosted by Canadian high school history teacher Sebastian Major, "Our Fake History" is a podcast that explores historical myths and misconceptions. In each episode Major closely examines stories that people think are historical fact but may very well be elaborate fiction. Did the Aztecs really think the Spanish conquistadors were gods? Was there a real island of Atlantis? Was baseball really invented in one afternoon by a civil war hero? "Our Fake History" looks at these questions and tries to determine what's fact, what's fiction, and what is such a good story it simply must be told.

"As producers and fans of podcasts we have been obsessed with "Our Fake History" for quite some time and what a way to kick-off and celebrate 2021 by being able to be the show's new home. Sebastian has single handedly taught us more about some of the most fascinating stories in history than we ever learned in school and we couldn't be more thrilled to have him with us," said Kit Gray, President of PodcastOne. "I am thrilled to be working with PodcastOne! The whole team really seems to care about supporting creators and helping us make the best possible shows. I started Our Fake History because I was passionate about history, education, and entertaining audio. It's nice to partner with a company that shares that passion," said Sebastian Major. "Our Fake History" was recognized as the "Best Educational Podcast" at the 2018 Podcast Awards, and the show has been noted as one of the "most addictive podcasts" by Toronto Life Magazine. In 2019, the show was nominated for a Canadian Podcast award in the category of "Outstanding Educational Series." Major has been regularly featured on the CBC Radio shows Podcast Playlist and Out In The Open. He has also contributed as a panelist and performer at Toronto's Hot Docs' Podcast Festival. In addition to being a high school teacher, Major is also a musician and all of the music used on the podcast is self-written and recorded. About PodcastOne PodcastOne is a leading advertiser-supported podcast company, offering a 360-degree solution for both content creators and advertisers, including content development, brand integration and distribution. Acquired by LiveXLive Media in 2020, the two entities have subsequently teamed to create a new video podcast (Vodcast) network under the LiveXLive umbrella. Amassing more than 2.25 billion downloads per year with 400+ episodes distributed per week across a stable of hundreds of top podcast programs, including influencer talent like Adam Carolla, Kaitlyn Bristowe, Steve Austin, Brett Favre, Tip "T.I." Harris, Armando "Pitbull" Perez, Jordan Harbinger, Heather Dubrow, The LadyGang, Dr. Drew, Chael Sonnen and hundreds more. Its shows are distributed across its own platform as well as LiveXLive's owned-and-operated channels on mobile, mobile web, desktop and SmartTV's. PodcastOne is the brainchild of Radio Hall of Famer, Norm Pattiz, also the founder of Network Radio-giant, Westwood One. About LiveXLive Media, Inc. Headquartered in Los Angeles, California, LiveXLive Media, Inc. (NASDAQ: LIVX) (the "Company") (pronounced Live "by" Live) is a global platform for livestream and on-demand audio, video and podcast content in music, comedy, and pop culture. LiveXLive, which has streamed over 1,800 artists since January 2020, has become a go-to partner for the world's top artists and celebrity voices as well as music festivals concerts, including Rock in Rio, EDC Las Vegas, and many others. In April 2020, LiveXLive produced its first 48-hour music festival called "Music Lives" with tremendous success as it earned over 50 million views and over 5 billion views for #musiclives on TikTok on 100+ performances. LiveXLive's library of global events, video-audio podcasts and original shows are also available on Amazon, Apple TV, Roku and Samsung TVs in addition to its own app, destination site and social channels. The Company's wholly-owned subsidiary, PodcastOne, generates more than 2.25 billion downloads per year with 400+ episodes distributed per week across a stable of hundreds of top podcasts. For more information, visit www.livexlive.com and follow us on Facebook, Instagram, TikTok, Twitter at @livexlive, and YouTube. Forward-Looking Statements All statements other than statements of historical facts contained in this press release are "forward-looking statements," which may often, but not always, be identified by the use of such words as "may," "might," "will," "will likely result," "would," "should," "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "continue," "target" or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: the Company's reliance on one key customer for a substantial percentage of its revenue; the Company's ability to consummate any proposed financing, acquisition or transaction, the timing of the closing of such proposed event, including the risks that a condition to closing would not be satisfied within the expected timeframe or at all, or that the closing of any proposed financing, acquisition or transaction will not occur or whether any such event will enhance shareholder value; the Company's ability to continue as a going concern; the Company's ability to attract, maintain and increase the number of its users and paid subscribers; the Company identifying, acquiring, securing and developing content; the Company's ability to maintain compliance with certain financial and other covenants; the Company successfully implementing its growth strategy, including relating to its technology platforms and applications; management's relationships with industry stakeholders; the effects of the global Covid-19 pandemic; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of the Company's subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2020, filed with the U.S. Securities and Exchange Commission (the "SEC") on June 26, 2020, Quarterly Report on Form 10-Q for the quarter ended September June 30, 2020, filed with the SEC on November 16, 2020, and in the Company's other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof and the Company disclaims any obligations to update these statements, except as may be required by law. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Press Contact: For PodcastOne 310.246.4600 Susan@Guttmanpr.com LiveXLive IR Contact: 310.601.2500 ir@LiveXLive.com