NEW YORK, July 7, 2015 /PRNewswire/ -- Verizon Digital
Media Services now powers Loton Corp.'s new subsidiary LiveXLive,
the world's first premium, dedicated live music-streaming
network.
With its end-to-end video workflow, Verizon Digital Media
Services enables the video experience from ingest through delivery
and distribution of LiveXLive's streaming of the world's leading
music festivals, concerts and performances in full high-definition
and with social media integration.
"We've been watching Verizon Digital Media Services expand its
network while adding to and enhancing its suite of services, and
we're completely blown away by the turnkey, scalable offering of
their video platform," said John
Petrocelli, president of LiveXLive. "The ease of use
combined with the deep technical suite of services, scalability and
affordability made it an easy decision to select Verizon Digital
Media Services. Our goals and focus on the next generation of
viewers could not be more mutually aligned."
LiveXLive selected Verizon Digital Media Services because of its
rich suite of services, scale of its network, ability to delivery
simple, automated workflows and its turn-key business
offerings.
"Verizon Digital Media Services allows LiveXLive to give music
fans everywhere an immersive experience to see their favorite
festivals, concerts and backstage experiences on any screen, any
platform and any device in HD," said Ralf
Jacob, chief revenue officer of Verizon Digital Media
Services. "Music lovers everywhere are ready for premium online
live music, and Verizon Digital Media Services brings together all
the essential elements for an exceptional video streaming
experience."
With Verizon Digital Media Services' next-generation video
platform, LiveXLive will broadcast three day-long music festivals
across multiple stages this fall, reaching across multiple devices
including mobile, tablets, laptops, gaming consoles and connected
TVs. This broadcast will include live and on-demand virtual reality
experiences.
Verizon enables LiveXLive to create clips from live events and
publish to social platforms and syndicated outlets through a single
workflow that increases viewer awareness and discoverability of
events. Verizon's session-based approach and dynamic server-side ad
insertion allows LiveXLive to scale and monetize their business
through a single partner.
"These capabilities will enable LiveXLive to quickly grow its
content portfolio and customer reach," added Petrocelli.
About Verizon
Verizon Communications Inc. (NYSE,
Nasdaq: VZ), headquartered in New
York, delivers broadband and other wireless and wireline
communications services to consumer, business, government and
wholesale customers. Verizon Wireless operates America's most
reliable wireless network, with 108.6 million retail connections
nationwide. Verizon also provides converged communications,
information and entertainment services over America's most advanced
fiber-optic network, and delivers integrated business solutions to
customers worldwide. For more information, visit
www.verizon.com/news/.
About Loton
In April, 2014, Loton, Corp. acquired a 50
percent interest in KOKO, a premier multimedia and lifestyle brand
and one of London's iconic live
music venues. KOKO is internationally renowned for delivering over
250 live music events per annum for the past ten years. Loton's
KOKO subsidiary presented to iTunes festival, and London Live,
streaming live music to more than 300 million viewers in 70
countries around the globe. Loton is backed by Trinad Capital, a
micro-cap and small-cap activist hedge fund based in Los Angeles, Calif. The fund is led by
Robert Ellin, a seasoned portfolio
manager with 25 years of investment experience. Ellin
spearheaded investments in several publicly traded companies
including ThQ, Grand Toys, Forward Industries (FORD), Majesco
Entertainment (COOL), Command Security (MOC), Mandalay Digital
Group (MNDL), iVillage (IVIL), Points International (PCOM), as well
as private companies including iWon.com and SS Industries.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive
speeches and biographies, media contacts and other information are
available at Verizon's online News Center at
www.verizon.com/news/. The news releases are
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www.verizon.com/about/rss-feeds/.
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SOURCE Verizon