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4 Feb 2022 07:00
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 9th 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 David Ciclitira, Executive Chairman Sarah Dees, Chief Operating Officer | Tel: 020 7225 2000 |
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Beaumont Cornish Limited (Nominated Adviser) Roland Cornish/Rosalind Hill Abrahams | Tel: 020 7628 3396 |
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Monecor (London) Limited (Broker) Thomas Smith | Tel: 020 7392 1436 |
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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