REG - Live Company Group - Update on Madrid and on report and accounts

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28/07/2023 13:30

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RNS Number : 6012H  Live Company Group PLC  28 July 2023

28 July 2023

 

LIVE COMPANY GROUP PLC

("LVCG", the "Company" or the "Group")

 

KPOPLUX SBS SUPER CONCERT IN MADRID

 

UPDATE ON REPORT AND ACCOUNTS

 

LVCG PLC is please to provide further detail on the KPOPLUX SBS Super Concert
in Madrid that was held on Saturday 22(nd) July 2023.

Despite tickets only going on sale in April of this year the concert was the
largest K-POP concert in Spain to date .

KPOP-Lux also brought together a team that consisted of some of the biggest
names in events with SBS as producer of the show, K-POP LUX, executive
producer, LA Rock Entertainment as promotor, Samsung as title sponsor and
Veeps Ltd with streaming rights.

 

Revenue

 

LVCG (via K-POP LUX) as executive producer earns net revenue form a share of
ticket sales, merchandising, sponsorship and streaming as well as an Executive
Producer fee and Global Marketing fee. The Company is in the process of
finalising net revenue figures noting that these are likely to increase
considerably during the next four years - the tenure for Madrid.

 

The Company will provide further detailed updates in due course and points
investors to the event summary on the Company's web-site:
www.livecompanygroup.com (http://www.livecompanygroup.com) .

 

Update on report and accounts

 

The Company also informs investors that further to the RNS of 21 June 2023
that while good  progress is being made with the 2022 annual accounts,
these accounts will not be published by 31 July as previously indicated. The
Company will update investors in due course as appropriate.

 

Enquiries:

 

 Live Company Group Plc                        Tel: 020 7225 2000

 David Ciclitira, Executive Chairman

 Sarah Dees, Chief Operating Officer

 Beaumont Cornish Limited (Nominated Adviser)  Tel: 020 7628 3396

 Roland Cornish/Rosalind Hill Abrahams

 CMC Markets UK Plc                            Tel: 020 3003 8255

 Thomas Smith

 Douglas Crippen

 

 

 

About 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 four divisions:

 

·    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.

 

·    LVCG owns the brand KPOP Lux and is the Executive Producer of KPOP
Lux in Madrid and London. Both of these shows are produced in partnership with
SBS - the Korean television network.

KPOP -  the company owns the rights to the K.Flex brand is a partner and the
Executive Producer of K.Flex in Frankfurt.

 

·    StART Art Global (SAG) - SAG owns StART Art Fair in London which has
been staged over the last 9 years at the Saatchi Gallery. SAG has licensed the
rights to the StART brand in Korea. The licence includes the right to create
and run StART Art Fair Seoul and various StART+ exhibitions.

 

·    Live Company Sports and Entertainment (LCSE) - LCSE owns LCSE Pty in
South Africa which has a long-term relationship with Pick 'n' Pay and the
Ocean Race.

LVCG is a founder shareholder in E-Movement - the promoter of the Formula E
Race in Cape Town. As part of this relationship E-Movement has retained LCSE
(through E-Movement holdings) as its implementation partner. E-Movement
Holdings a 100% subsidiary of Live Company Group has the right to sell
sponsorship for the Formula E race in Cape Town.

 

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