LOS ANGELES, Oct. 7, 2021 /PRNewswire/ — LiveOne (Nasdaq: LVO) (“LiveOne”), a global platform for livestream and on-demand audio, video, and podcast/vodcast content in music, comedy, and pop culture, and owner of LiveXLive, PodcastOne, Slacker Radio, React Presents, and Custom Personalization Solutions, today provided certain updated metrics for its business operations.
LiveOne continues to experience growth in nearly every facet – from it’s expertly-curated radio stations increasing its listener base to its roster of new pay-per-view and live streamed content across any and all genres imaginable.
LiveOne’s CEO and Chairman, Robert Ellin, commented, “With the return of live music and events, we are seeing tremendous growth across all of our business verticals. We are excited about the recent rebranding to LiveOne and our associated business unit brands of ‘ONE’ brand, which further integrates our flywheel business model. We remain focused on being a leading end-to-end talent-first platform creating, producing, monetizing, marketing, and distributing premium audio and video content across all genres and distribution outlets.”
- PodcastOne has added more than 50 new advertisers since July 2020.
- Total social media reach across the exclusive talent roster of PodcastOne now exceeds 280 million.
- LaunchPadOne, PodcastOne’s original podcast hosting platform, made its global relaunch in July 2021 with over 1200 independent shows. It recently launched an audio competition, Self Made, which saw over 150 new shows submitted to the platform and featured expert judges Kaitlyn Bristowe, Adam Carolla, Doug Ellin, Jillian Hamilton, and Barbara Schroeder.
After the explosive success of LiveOne’s live music business React Presents’ Spring Awakening Music Festival: Autumn Equinox, as well as its first pay-per-view performance with K-pop icon B.I, the upward trajectory is expected to continue to rise. Unique content and entertainment for fans across mediums and genres show how LiveOne’s flywheel business model can be applied to any and all forms of media.
Formerly known as LiveXLive Media, the company became a go-to platform for live streaming events that combine music with pop culture and sports, podcasting, arts, fashion, culinary, comedy and wellness during the time of COVID-19.
*Included in the total number of paid subscribers are certain subscribers which are the subject of a contractual dispute. LiveOne is currently not recognizing revenue related to these subscribers.
About LiveOne, Inc.
Headquartered in Los Angeles, California, LiveOne, Inc. (NASDAQ: LVO) (the “Company”) is a global talent-first, interactive music, sports, and entertainment subscription platform delivering premium content and livestreams from the world’s top artists. The Company has streamed over 1,800 artists since January 2020, a library featuring close to 30 million songs, 500 expertly curated radio stations, 235 podcasts/vodcasts, hundreds of pay-per-views, personalized merchandise, an NFT business, and has created a valuable connection between brands, fans, and bands. The Company’s other major wholly-owned subsidiaries are LiveXLive, Slacker Radio, React Presents, Custom Personalization Solutions, and PodcastOne, which generates more than 2.27 billion downloads per year and 300+ episodes distributed per week across a stable of hundreds of top podcasts. The combination of acquisitions and the expansion of products and franchises have secured LiveOne as a top-rated music, entertainment, and media services company. LiveXLive is available on iOS, Android, Roku, Apple TV, and Amazon Fire, and through OTT, STIRR, Sling, and XUMO, in addition to its app, online website, and social channels. For more information, visit www.livexlive.com and follow us on Facebook, Instagram, TikTok, and Twitter at @livexlive.
All statements other than statements of historical facts contained in this press release are “forward-looking statements,” which may often, but not always, be identified by the use of such words as “may,” “might,” “will,” “will likely result,” “would,” “should,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “continue,” “target” or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: the Company’s reliance on one key customer for a substantial percentage of its revenue; the Company’s ability to consummate any proposed financing, acquisition, spin-off, distribution or transaction, the timing of the closing of such proposed event, including the risks that a condition to closing would not be satisfied within the expected timeframe or at all, or that the closing of any proposed financing, acquisition, spin-off, distribution or transaction will not occur or whether any such event will enhance shareholder value; the Company’s ability to continue as a going concern; the Company’s ability to attract, maintain and increase the number of its users and paid subscribers; the Company identifying, acquiring, securing and developing content; the Company’s intent to repurchase shares of its common stock from time to time under its announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; the Company’s ability to maintain compliance with certain financial and other covenants; the Company successfully implementing its growth strategy, including relating to its technology platforms and applications; management’s relationships with industry stakeholders; the effects of the global Covid-19 pandemic; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of the Company’s subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2021, filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 14, 2021, Quarterly Report on Form 10-Q for the quarter ended June 30, 2021, filed with the SEC on August 16, 2021, and in the Company’s other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and the Company disclaims any obligations to update these statements, except as may be required by law. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.
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SOURCE LiveOne, Inc.