It’s a huge opportunity for LiveXLive, which became publicly traded on the NASDAQ at the end of 2017 and has spent millions on acquisitions like Slacker Radio, developing a streaming and broadcast concert business utilized by companies like Telsa. Welcome to the world of live streaming, a niche industry that is now highly in demand as fans are forced to stay home and watch concerts on their devices. It’s also created a rare opportunity for a small sector of companies that currently represent a sliver of the live entertainment industry, but are expected to rapidly grow in the coming months. The COVID-19 crisis has battered the live entertainment sector, leading to the cancellation of 50,000 events and billions of dollars in losses.
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