Financials revealed by LiveXLive outline the state of Slacker’s business: in 2016 it generated $36.7m of revenues while recording a net loss of $10.5m. Now it’s buying Slacker, which has been a direct (albeit much smaller) rival for Pandora in the US. The company, which has historically pitched itself as a “premium live-music streaming network”, has also been signing up a number of digital influencers, including former Vine star King Bach and YouTuber/Viner Amanda Cerny. The deal is part of a flurry of corporate activity for LiveXLive, which recently agreed to buy Snap Interactive, which makes a range of social apps, for $34m including $20.4m in cash. Slacker had raised $75.7m of funding since its Series A round in 2007, so as exits go, this isn’t one of the more lucrative examples. LiveXLive has agreed to pay $44m in cash and $6m in stock for the service, which has 1.5 million monthly unique users including 400,000 paying subscribers. US music-streaming service Slacker Radio is being acquired by LiveXLive Media, in a deal that values the company at $50m. Offline data-free listening on mobile with subscriptionĬheck out and follow on social media for announcements about upcoming events and exciting new features.Tags: Acquisitions LiveXLive Slacker Radio US.On-demand access to millions of songs and albums with subscription.Unique interactive news and sports programming.The power to create your own stations and playlists.The ability to easily collect and share your favorite songs.Exclusive hosted audio and video shows every week.Live video streams of festivals and concerts from around the world.Music recommendations personalized just for you, so you can discover new favorites.

Hundreds of interactive and hand-crafted music stations.Free access to the music and events you love.With our global coverage and massive collection of music, you’ll get: LiveXLive Powered by Slacker, formerly Slacker Radio, is a totally reimagined music streaming app that lets you listen to your favorite music and watch live streaming performances for free, all in one place.

Livexlive powered by slacker