eResonate Media to acquire Livit Media's Innovative Live-Streaming Technology.

eResonate Media, which focuses on music, musicians, independent music and live entertainment, agreed to acquire the technology and other assets from Livit Media, a six-year-old live-streaming technology company. Financial terms were not disclosed. "The eResonate transaction afforded us an opportunity to join an amazing team of highly credentialed and experienced professionals who are building an exciting new platform to better serve the large community of previously ignored music fans. Leveraging our streaming capture, production and distribution technology to tens of thousands of locations will be the culmination of a decade of hard work. It's intensely satisfying to provide unique, compelling content to millions of music fans who, especially now, find themselves searching for a new professional form of compelling live music entertainment," Adam Blazer, Livit Founder.