LiveXLive have taken over Slacker Radio, the streaming service that specialises in allowing users create their on personalised stations.
Slacker Radio is one of the lesser known streaming services but shouldn’t be ignored with 1.5 million monthly unique users and over 400,000 paying subscribers. They offer both ad-supported streaming and on-demand access with a paid subscription with a library of over 13 million tracks.
LiveXLive have now confirmed their acquisition of the streaming service and their plans for it. LiveXLive plan to combine the content programming teams from both companies with the aims of building a network of audio and video channels across a variety of devices including TV apps and in-car audio systems.
CEO and Chairman of LiveXLive Media, Robert Ellin said: “LiveXLive is leading the evolution of the music business and we believe Slacker is a perfect complement to our video platform. We look forward to working with the Slacker team as we combine the best audio and video content across live and recorded music. By combining LiveXLive’s leadership in music festival streaming and our massive music video content with Slacker’s proven audio platform, we immediately expand our reach and dramatically accelerate our ability to deliver world-class music related entertainment across platforms – on a global scale.”
LiveXLive are currently a live music based company which create and stream festivals, club events, concerts and more. They claim that their influencer network includes 85 million total followers. LiveXLive are partnered with a number of the largest global brands including Tesla and Samsung.
The terms of the deal have not been disclosed.