Live Company Group PLC Review of Recent Events
01 Março 2023 - 4:00AM
RNS Non-Regulatory
TIDMLVCG
Live Company Group PLC
01 March 2023
1(st) March 2023
LIVE COMPANY GROUP PLC
("LVCG", the "Company" or the "Group")
REVIEW OF RECENT EVENTS
LVCG is delighted to provide an update on a number of events
that it managed over the past week.
Formula E
Saturday's race was filled with plenty of unexpected results
with the championship leader out in the first few laps. An ecstatic
Antonia Felix De Costa racing for Porsche took first place in a
fight to the flag with former teammate Vergne.
LVCG was proud to bring Formula E to Cape Town in a record short
time from final confirmation in the race calendar in October 2022
and as previously announced was delighted to have a sold-out
inaugural event.
While revenue was generated this year principally from a staging
fee of GBP200,000 as there was no title sponsor in this inaugural
year, the Company is hopeful that with the success of the event
that a title sponsor can be retained for 2024 and is delighted to
report that is it already in discussions with various parties.
The learnings from the 2023 race form a great base for 2024 and
additional revenue streams for LVCG such a merchandising can be
explored.
StART + at Formula E
StART also continued its collaboration with Formula E with an
exhibition of South African artists trackside that included Bassa,
Gavin Goodman, Jooj, Morris and Vincent Da Sillva.
The exhibition reinforces StART and Formula E's commitment to
support emerging artists and their local community and showcase
local art in front of the local city population.
The Company looks forward to announcing further collaborations
with Formula E in this space.
Ocean Race
On 26(th) February Cape Town saw a 'wild start' to the third and
longest leg of the Ocean race. The race started with two and a half
laps of an inshore course to give the crowds lining the Cape Town
shore a chance to view the hydrofoiling boats before they set sail
out to the Southern Ocean.
With plenty of technical difficulties and the presence of whales
it was an exciting start to the race.
LCSE as organisers of the stop-over receive a fee for the event.
The Company is currently exploring ways of expanding on the Cape
Town stopover and adding additional revenue streams to this amazing
event.
StART+ Seoul
Mark Slopers solo exhibition opened on the 23 February with a
VIP reception at StART Art Korea's new fashionable Sungdong-gu
gallery space. The exhibition 'The Art of Neon by Mark Sloper -
Illuminati Neon' presented more than two dozen never before seen
works and is the artist's first solo in Seoul. It will run until
the 12(th) March. Also included are new collaboration works between
local artist Regina Kim who also participated in StART London last
October (2022). Accompanying the original and limited-edition
artworks is a range of exclusive complementary merchandise with
everything available for purchase online as well as at the
gallery.
Chairman David Ciclitira commented: "It was a massive privilege
to be part of Formula E in Cape Town this past week-end. I feel
immensely proud of what the team in South Africa achieved in such a
short space of time. The FIA said it was one of the best races in
Formula E ever and I can't wait to see what we can do to add to
this race in 2024"
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
===================
Oval(X) (Broker) Tel: 020 7392 1436
Thomas Smith
===================
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.
-- KPOP - the company owns the rights to the K.Flex brand and
through its joint venture with the Explorado group KPOP Europa
(KPE) is a partner in and the Executive Producer of K.Flex in
Frankfurt.
LVCG also 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. The
Company organises an annual Japanese KPOP festival called KPOP Lux
Nagoya in partnership with Birdman - a leading advertising and
entertainment company based in Tokyo.
-- 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.
SAG has also licensed the right to the StART brand in Japan to
Live Company Japan a joint venture with M Group Holdings Co.
SAG has also licensed the brand to Live Company Korea to create
the StART Art Coin.
-- 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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END
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