Live Company Group PLC Update on StART Investment (2835U)
December 02 2021 - 12:59AM
UK Regulatory
TIDMLVCG
RNS Number : 2835U
Live Company Group PLC
02 December 2021
2 December 2021
LIVE COMPANY GROUP PLC
("LVCG", the "Company" or the "Group")
UPDATE ON StART INVESTMENT
Live Company Group plc (AIM: LVCG) provides a progress report
received from its minority investment in Start Art Global Ltd
("StART").
Highlights
-- The platform formally went live in October 2021
-- Revenues to date are now in excess of $200,000
-- Merger of physical art shows and digital with the purchase of StART fairs
-- Technological development continuing and innovations shared across the LVCG Group
Further to the successful platform launch of StART in October at
8th edition of StART Fair at Saatchi Gallery, the StART team have
provided the following progress report:
Operationally the company is functioning well with its
international shipping contract with DHL. Furthermore, the purchase
of StART Fair and StART + allows the group to marry the physical
with the digital - allowing artists the chance to show their work,
sell it online then deliver to customers world wide.
StART + at ARX in London's Brompton Road, which provided a
chance to further showcase the groups NFTs, has proved to be
extremely popular and has hence been extended by an additional six
months. The 9(th) Edition of StART fair is currently in planning
for 2022 and additional live exhibitions are also being planned in
the StART + space.
In Korea a second StART + is planned in Seoul for January 2022
which will showcase KPOP art works and limited editions.
Additionally, a joint venture to market NFTs in Korea is currently
being negotiated. Further art fairs are planned both in Korea and
elsewhere in Asia for 2022.
Chairman David Ciclitira commented:
"I am delighted with the progress of StART and believe that
LVCG's investment will be value accretive for the group as the
StART team begin to deliver an ambitious strategy across the
physical and virtual art space. The world is content hungry right
now both for virtual and in person experiences - which StART
delivers. Furthermore, the world-class technology they are
developing is something which may have revenue generating
opportunities within the Group itself including LCSE."
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 two divisions the first, 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, LCSE, manages a number of global sports,
entertainment and lifestyle events. LCSEs main focus for 2021 has
been the successful launch of the Formula E Cape Town race for
series 9 in 2023.
It also has a minority investment in Start Art Global Ltd an
on-line and physical art and digital art platform
(www.start.art).
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