LiveXLive Media To Undergo Major Restructuring, Rebranding

LiveXLive Media Inc LIVX plans to change its name to "LiveOne, Inc" and assume a new Nasdaq stock symbol "LVO" in the coming weeks.
LiveXLive also proposes to spin out its existing pay-per-view business as a separate public company branded as "PPVOne" and distribute a portion of its equity to LiveXLive's stockholders, anticipated by March 31.
The company plans to rebrand its businesses as the "ONE" brand. LiveXLive's podcasting business, PodcastOne, will become "PodcastOne." The music subscription business, Slacker, will become "SlackerOne."
The live music business, React Presents, will become "ReactOne." The merchandising business, CPS, will become "PersonalizedMerchOne."
The original content business will become "StudioOne."
Price Action: LIVX shares traded higher by 2.15% at $3.32 in the premarket session on the last check Wednesday.