Live Company Group PLC KPop.Flex - London September 2023 (7509L)
May 17 2022 - 11:02AM
UK Regulatory
TIDMLVCG
RNS Number : 7509L
Live Company Group PLC
17 May 2022
17 May 2022
LIVE COMPANY GROUP PLC
("LVCG", the "Company" or the "Group")
SIGNATURE OF KPOP.FLEX CONCERT WITH O2 LONDON - Sept 2023
Live Company Group plc (AIM: LVCG) is delighted to announce the
signing of a contract with The O2 London for a three day KPOP.FLEX
festival with Kpop Europa ("KPE") a 50% subsidiary of LVCG.
Highlights
-- Event staged by KPE in partnership with PK Events (promoter)
-- Three day festival at the O2 to take place in September 2023
-- Inaugural KPOP.FLEX awards for emerging artists
-- Fan fest to immerse fans in Korean culture, art and music
-- Four year contract
The three day festival will see up to 50,000 K-pop fans descend
on the capital from 22 to 24 September 2023 and will use a range of
venues across the O2 campus including Indigo and other venues.
Additionally, the KPOP.FLEX awards will take place on the 23(rd)
September which will ,in order to celebrate and honour the KPOP
talents that have graced the global stage, acknowledge and reward
the latest emerging KPOP artists.
As there was in Frankfurt there will also be a Fan Festival that
will celebrate Korean culture and engage fans in a variety of
immersive experiences.
The contract is a multi-year contract signed for four years with
either party being able to terminate after year one.
Revenue Generation
Revenue will be generated via a percentage of the profits of the
ticket sales, streaming, merchandise and streaming. There is not
expected to be any upfront expenditure although some staff salaries
will be recuperated.
Chairman David Ciclitira commented: "We are delighted to be
working with the iconic O2 to deliver three incredible days
celebrating K-Pop to fans across the UK and beyond. We are also
excited about the debut KPOP.FLEX awards which will showcase the
very best emerging talents in the K-Pop world. The K-Pop phenomenon
shows no signs of slowing down and I am pleased to continue to
deliver on our strategy of bringing additional
concerts to the K-Pop fans. "
Notes to Editors :
KPE is a joint venture between Live Company Group and the
Explorado Group.
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
Thomas Smith
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. The second is Kpop Europa (KPE), which
operates the KPOP.flex Festival in Frankfurt. KPOP.flex Frankfurt
is Europe's first ever Mega KPOP music festival. The third is Live
Company Sports and Entertainment, which manages a number of global
sports, entertainment and lifestyle events. LCSEs main focus for
2022 will be Cape Town Cycle Tour and the successful one year out
launch of the Formula E Cape Town race for series 9 in 2023. The
fourth division is StART Art Global, in which LVCG holds a minority
stake. StART Art Global is a combination of both physical art shows
and a digital art platform.
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