Brief: Live Company Announces JV Of Its Division KPOP LUX And Birdman Inc

Live

13/02/2023 09:14

Feb 13 (Reuters) - Live Company Group PLC  LVCG.L :
    * KPOP LUX - NEW JOINT VENTURE
    * SIGNED A NEW AGREEMENT WITH A BRANDING AND PROMOTIONAL
BUSINESS
BIRDMAN INC.
    * KPL AND BIRDMAN INC INTEND TO COLLABORATE ON STAGING AND
PROMOTION OF AN ANNUAL K-POP CONCERT TO TAKE PLACE IN NAGOYA,
JAPAN
    * KPL WILL ACT AS EXECUTIVE PRODUCER OF CONCERT AND IN THIS
CAPACITY WILL ENTER INTO A SEPARATE AGREEMENT WITH LIVE COMPANY
KOREA
    * KPOP LUX WILL RECEIVE A LICENCE FEE OF $1,000,000 PAYABLE
IN
THREE TRANCHES
    * ALL TICKET REVENUE FOR CONCERT WILL GO TO BIRDMAN INC
    * BIRDMAN INC CAN RETAIN 40% OF NET REVENUES FOR CONCERT
MARK
MERCHANDISING AT VENUE

Source text for Eikon:  ID:nRSM7157Pa 
Further company coverage:  LVCG.L 
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