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PodcastOne, a subsidiary of LiveXLive Media (NASDAQ: LIVX), has launched LaunchpadOne, a free podcast hosting, distribution, and monetization platform with over 1,000 podcasts. The platform offers creators a comprehensive ecosystem including customizable podcast players, ad revenue retention, and enhanced reporting tools. Creators can monetize their content through embedded ads and donations via PayPal. The initiative aims to empower independent podcasters and sustain PodcastOne's network growth, as emphasized by CTO Jim Ballas, likening it to a YouTube for podcasters.
LiveXLive Media (LIVX) has announced a multi-year partnership with Merchbar to enhance its merchandising business. This collaboration will allow LiveXLive to offer over one million products from over 35,000 artists, expanding its reach in the merchandising space. Products available will include apparel, CDs, and various merchandise across genres including EDM and Pop. CEO Robert Ellin emphasized that this partnership will enhance the user experience and support artists effectively. LiveXLive continues to stream a vast array of content and aims to provide a comprehensive shopping experience through its platforms.
LiveXLive Media (NASDAQ: LIVX) announced a multi-year partnership between its subsidiary PodcastOne and Empire Media Group (EMG) on July 6, 2021. The collaboration aims to produce original scripted and non-scripted podcasts and vodcasts, featuring a minimum of 6 limited series and 8 weekly shows. Notable series include investigative podcasts on the Church of Scientology and royal family scandals. PodcastOne, known for over 2.25 billion downloads annually, will leverage EMG’s extensive media expertise to enhance its offerings and audience engagement.
LiveXLive Media (NASDAQ: LIVX) announced a strong return to live events with over 65 performances confirmed for 2021, featuring more than 200 artists across genres including EDM and Hip-Hop. The events will be held in cities like Chicago and Detroit, with plans to expand to Milwaukee and Louisville. Unique fan experiences will be offered, such as exclusive video content and NFT collectibles. Following a sold-out show by Boogie T, the company also reported an increase in revenue guidance for the fiscal year, highlighting its successful adaptation in the live entertainment sector.
LiveXLive Media (NASDAQ: LIVX) announced that its subsidiary, PodcastOne, will debut its podcast programming on the Facebook app in the U.S. This includes popular shows like LADYGANG and The Adam Carolla Show. The initiative, starting from June 24, 2021, aims to enhance audience engagement by enabling easy access to podcasts while using Facebook. PodcastOne, known for its extensive catalog, generates over 2.25 billion downloads annually. This collaboration is expected to attract new listeners and strengthen existing relationships with audiences.
LiveXLive Media reported record revenue of $65.2 million for the fiscal year ended March 31, 2021, alongside a contribution margin of $16.2 million. Revenue growth was mainly fueled by advertising, merchandising, and sponsorships. However, the company experienced a net loss of $41.8 million and an operating loss of $29.4 million. Despite these losses, adjusted operating loss improved to ($5.8) million. The total paid subscriber base increased to 1.073 million. The company anticipates growth with live events resuming, while actively exploring strategic alternatives for shareholder value enhancement.
LiveXLive Media (NASDAQ: LIVX) has announced the acquisition of sales and distribution rights to five new podcasts for its subsidiary, PodcastOne. The titles include Killer Genes, @lexie, Trust Me, Underworld, and Walk-Ins Welcome, enhancing PodcastOne's offerings in popular categories such as True Crime and Society & Culture. This strategic expansion aims to enhance listener engagement and attract more advertisers, further solidifying PodcastOne's position in the competitive podcasting landscape.
LiveXLive Media (NASDAQ: LIVX) announced the launch of Self Made KO, a global pop-culture competition franchise featuring a high-profile boxing event with female social media influencers. The competition will award over $1 million in prizes, and includes well-known personalities like TikTok stars Isabella Avila and Jordyn Jones. The initiative is a response to the massive success of the previous social boxing event, which generated 3.5 billion impressions. LiveXLive aims to exploit the growing interest in pop-culture competitions and plans to develop additional events across various genres.
On June 23, 2021, PodcastOne, a subsidiary of LiveXLive Media (NASDAQ: LIVX), announced that Michael Cohen will appear on Jimmy Kimmel Live! to promote his podcast Mea Culpa. This marks Cohen's first interview with Kimmel. The podcast, launched in September 2020, has garnered 9 million downloads, featuring various guests including actors and political figures. PodcastOne is recognized for its extensive podcast offerings, generating over 2.25 billion downloads annually.
PodcastOne, a subsidiary of LiveXLive Media (NASDAQ: LIVX), has partnered with writer/director Barbara Schroeder to launch a new true crime podcast, Bad, Bad Thing, debuting on June 30, 2021. The six-episode series explores the chilling narrative of Jennair Gerardot, who uncovers her husband's infidelity and plots revenge. The podcast features real audio recordings and psychological insights from Dr. Ramani Durvasula. PodcastOne continues to enhance its true crime offerings with this high-profile collaboration.
