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LiveXLive Acquires Slacker Radio for $50 Million


LiveXLive Media Inc. appoints Andy Schuon as President, effective immediately, while entering into a merger agreement to acquire Slacker Radio, for $50 million consisting of cash and stock. Schuon will oversee all of the company's divisions, which include live music lifestyle video service LiveXLive, Wantickets and social media influencer business LiveXLive Influencers as well as Slacker Radio and Snap Interactive, after they are successfully acquired.

"Andy joins us at a perfect time to lead this latest acquisition of Slacker Radio and direct the company overall," said LiveXLive Media CEO/Chairman Robert Ellin. "Andy is an industry visionary with significant experience and deep knowledge of the media and entertainment landscape. He has a long-standing, proven track record of both driving and maintaining growth while achieving excellence and innovation at every level for some of the biggest music brands and media properties in the world."

Slacker and LiveXLive Media will combine content programming teams to build a network of both audio and video channels that stretch across mobile, TV apps, and in-car infotainment systems. Slacker Radio will also expand LiveXLive Media to a new base of consumers and music aficionados. Slacker's technology team and platform will bring advantages to both the audio and video sides of LiveXLive Media.

"The passion for live music has never been greater, and LiveXLive is focused on being the brand-of-record-globally-for live music information, music-focused content and the streaming of music's biggest festivals and events," stated Schuon. "I walked into a radio station at 16, and it became who I am, not what I do. To continue to have the opportunity to shape the future of music streaming services and streaming radio with a leading platform like Slacker Radio is incredibly exciting."

Most recently, Schuon was involved in a group of acquisitions that included Fox's former Fuel TV network. He is the co-founder of REVOLT TV with Sean "Diddy" Combs and led both the development and rollout of the network across cable TV, social media, website and apps. Previously, Schuon has held a slate of leadership positions, including EVP and head of programming at MTV, VH1 and MTV2 and President of Programming at Infinity/CBS Radio and Program Director of KROQ-FM Los Angeles.

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Benztown: Benztown was at Radiodays Europe 2024, which was held in Munich on March 17-19th. Benztown hosted a well-attended party for customers and partners during Radiodays Europe 2024 on Monday, March 18. Pictured is a traditional Volksmusik band performed for Benztown party attendees at Munich's Augustiner-Keller restaurant. In front in black shirt raising a glass is Oliver Klenk, Head of Production & Composition, and to his right, also in black shirt, is Stephan Halfpap, General Manager, Maxmedia, Austria.

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