Live Company Group PLC Update on StartArt Investment (7105C)
June 22 2021 - 6:26AM
UK Regulatory
TIDMLVCG
RNS Number : 7105C
Live Company Group PLC
22 June 2021
22 June 2021
LIVE COMPANY GROUP PLC
("LVCG", the "Company" or the "Group")
UPDATE ON START ART INVESTMENT
LVCG is pleased to provide an update on its investment in
Start.art. As announced on 3 May 2021 the Company has now invested
GBP1 million for a 16.3% equity shareholding in Start.art an online
art and digital art platform. A soft launch was planned for June
2021 and the Start.art has announced via press launch in Seoul
earlier this morning (see www.start .art) that this has now taken
place with the first curated artists onboarded with the full launch
including the NFT division of the platform planned for later in the
year. The platform is expected to be revenue producing from launch
and LVCG is working on a number of collaborative projects including
potentially the sale of works from K-Pop artists constructed as
plastic brick mosaics which will be marketed on the platform.
The Company also announces that it is expected to release its
2020 results in the coming week.
Chairman David Ciclitira Commented "I am delighted that the
Start Art team are progressing the launch of Start.art. With the
upcoming addition of NFTs and other divisions of the business, we
look forward to hearing more from the team with regards to their
ambitious expansion plans in the second half of the year."
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
===================
Monecor (London) Limited (Broker) Tel: 020 7392 1436
Elliot Hance
===================
LIVE COMPANY GROUP
Live Company Group plc ("LVCG", the "Company" or the "Group") is
a live events and entertainment company, founded by David Ciclitira
in December 2017. The Company was admitted to trading on AIM in
December 2017, following the reverse acquisition of Brick Live
Group and Parallel Live Group by LVCG.
The Group is a network of partner-driven fan-based 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.
BRICKLIVE, which is fast becoming a leading children's education
and entertainment brand, actively encourages all to learn, build
and play, and provides inspirational events and shows where
like-minded fans can push the boundaries of their creativity.
Bright Bricks is the Group's production centre for building brick
based models. The Group is an independent producer of BRICKLIVE and
is not associated with the LEGO Group. The Company also manages a
number of sports, entertainment and lifestyle events via its
recently created LCSE (Live Company Sports and Entertainment)
division and has an investment in an on-line art platform
Start.art. (www.start.art)
Website: www.livecompanygroup.com.
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END
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