Live Company Group PLC KPop.Flex Update
04 February 2022 - 6:00PM
RNS Non-Regulatory
TIDMLVCG
Live Company Group PLC
04 February 2022
4 February 2022
LIVE COMPANY GROUP PLC
("LVCG", the "Company" or the "Group")
KPOP.FLEX UPDATE
Live Company Group plc (AIM: LVCG) is pleased to announce that
all tickets for the KPop.Flex festival that will take place in
Frankfurt on 14 May 2022 have now been sold. The stellar line up of
acts has resulted in unprecedented demand for the event which will
be the largest of its kind in Europe.
Revenue Generation
As previously announced on 9(th) December 2021 the event is a
joint venture agreement with KPE (a 50% subsidiary of LVCG) acting
as the Touring Promotor. KPE earns revenue via a number of sources
including; 40% of all sponsorship revenue, 100% of the net revenue
of event related on-line merchandising, 75% of merchandising at the
event, 100% of broadcast and streaming rights (ex-Korea), annual
consultancy fees of Euro 200,000 and a percentage of ticket sale
profits. Investors are reminded that with all tickets sold the
event is profitable.
Investors can see the latest KPop.Flex videos and all
information about the KPop.Flex festival can be seen on the company
web-site www.livecompanygroup.com.
Enquiries:
Live Company Group Plc Tel: 020 7225 2000
David Ciclitira, Executive Chairman
Sarah Dees, Chief Operating Officer
Beaumont Cornish Limited (Nominated Adviser) Tel: 020 7628 3396
Roland Cornish/Rosalind Hill Abrahams
===================
Monecor (London) Limited (Broker) Tel: 020 7392 1436
Thomas Smith
===================
LIVE COMPANY GROUP
Live Company Group Plc ("LVCG", the "Company" or the "Group") is
a live events, entertainment and sports events company, that has
been trading on AIM since 2017.
The Group is divided into two divisions the first, BRICKLIVE,
consisting of a network of partner-driven fan-based and touring
shows using BRICKLIVE created content worldwide. The Company owns
the rights to BRICKLIVE - an interactive experience built around
the creative ethos of the world's most popular construction toy
bricks. The Group is an independent producer of BRICKLIVE and is
not associated with the LEGO Group.
The second, LCSE, manages a number of global sports,
entertainment and lifestyle events. LCSEs main focus for 2021 has
been the successful launch of the Formula E Cape Town race for
series 9 in 2023.
It also has a minority investment in Start Art Global Ltd an
on-line and physical art and digital art platform
(www.start.art).
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END
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