LiveOne Joins Forces With MetaVerseBooks and Global Titans to Market Floyd Mayweather’s First-Ever Boxing Match in the Metaverse

Rhea-AI Summary

LiveOne announces a multi-fight partnership with MetaVerseBooks and Global Titans, featuring Floyd Mayweather's first boxing match in the metaverse. The initial event will take place in Dubai on November 13, 2022, showcasing Mayweather vs. Deji at the Coca Cola Arena. The event will be accessible through the MVB Worlds metaverse platform at a ticket price of $14.99. LiveOne aims to leverage its extensive fan database to market the event and future shows, enhancing its reach within the entertainment industry.

Positive

• Multi-fight partnership with MetaVerseBooks and Global Titans expands market reach.
• First boxing match in the metaverse, attracting innovative audience engagement.
• Existing fan database of 38M+ to support marketing efforts for events.

Negative

• Dependence on a key figure, Floyd Mayweather, for marketing success.
• High uncertainty regarding the profitability of metaverse events.

Floyd Mayweather vs Deji Headlines Global Titans’ Fight Night in Dubai, November 13, 2022

Multi-Year Partnership Expands with Additional Future Mayweather Fights, Concerts and Festivals with LiveOne’s PPVOne

PPVOne has Produced, Distributed, Marketed and Monetized over 115 Pay-Per-View Festivals, Shows and Events

LOS ANGELES--(BUSINESS WIRE)-- LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment and technology platform, announced today that it has partnered with MetaVerseBooks (“MVB”), one of the first companies to build a fully functional entertainment platform in the metaverse, and Global Titans, a world-class boxing and entertainment platform, for a multi-fight deal featuring Floyd Mayweather. The deal kicks-off with LiveOne marketing Mayweather’s first fight in the metaverse across LiveOne’s global network. LiveOne’s PPVOne will also market and sell additional Mayweather fights, concerts and festivals with MetaVerseBooks. MVB will leverage LiveOne’s marketing engine with in-app messaging, social media, paid marketing program, email blasts to LiveOne’s fan database of 38M+ music and sports/boxing fans, promoted across LiveOne’s platform and partners network.

LIVEONE JOINS FORCES WITH METAVERSEBOOKS AND GLOBAL TITANS TO MARKET FLOYD MAYWEATHER’S FIRST-EVER BOXING MATCH IN THE METAVERSE (Graphic: Business Wire)

The first fight will feature Floyd Mayweather vs Deji headlining Global Titans’ Fight Night in Dubai with a huge undercard at Coca Cola Arena on November 13, 2022, with a weigh-in event on November 12. This event will be the first boxing match broadcasted from a metaverse platform for a true immersive experience. Floyd Mayweather vs Deji will be accessible for fans to watch in the MVB Worlds metaverse on all platforms and via every web connected device such as VR, mobile, Mac/PC and gaming consoles. The ticket price to attend and watch the broadcast from Fight Tyme Boxing Arena in MVB Worlds metaverse is $14.99.

Delence A. Sheares Sr., CEO of MetaVerseBooks, commented on the upcoming event. “We are delighted to be the first tech company to put on a world class boxing match in the metaverse and make history with Floyd Mayweather. Our metaverse Fight Tyme Boxing Arena is located in the entertainment district of our metaverse MVB Worlds. We invite both users and creators to explore our fully immersive metaverse from anywhere in the world via a multitude of devices such as web, mobile, laptop, desktop, VR headsets, and gaming consoles.“

Fans can get their tickets NOW and create your FREE 3D AVATAR and have a chance to win FREE concert tickets, NFTs and merchandise. Buy property, attend entertainment events, play video games, network with other users, and take control of your metaverse lifestyle with MVB Worlds. Metaverse Yourself and make history with MetaverseBooks.

Mayweather vs Deji metaverse tickets and info: https://fighttyme.com.

LiveOne's platform offers livestream concerts, festivals, music news, docu-reality series and interviews, as well as on-demand audio and audio playlists and vodcasts/podcasts. PPVOne has produced, distributed, marketed and monetized over 115 pay-per-views to date. LiveOne and PodcastOne have powered global pay-per-view, livestream and podcast hits with some of the world's most renowned talent, including Adam Carolla, Billie Eilish, Billy Joel, Blake Shelton, B-Real, BTS, Camila Cabello, Dua Lipa, Harry Styles, J Balvin, Jennifer Lopez, Jordan Harbinger, Kacey Musgraves, Kail Lowry, Kaitlyn Bristowe, Kygo, LadyGang, Madonna, Melissa Gorga, Monsta X, Paul McCartney, Pitbull, Taylor Swift, Wiz Khalifa, and Yungblud.

About LiveOne, Inc.

Headquartered in Los Angeles, California, LiveOne, Inc. (NASDAQ: LVO) (the "Company") is an award-winning, creator-first, music, entertainment and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. The Company was awarded Best Live Moment by Digiday for its “Social Gloves” PPV Event, and has been a finalist for 8 more awards, including Best Live Event, Best Virtual Event, Best Overall Social Media Excellence, and Best Original Programming from Cynopsis and Digiday. As of November 9, 2022, the Company has accrued a paid and free ad-supported membership base of 2.6 million, streamed over 2,900 artists, has a library of 30 million songs, 600 curated radio stations, over 300 podcasts/vodcasts, hundreds of pay-per-views, personalized merchandise, released music-related NFTs, and created a valuable connection between fans, brands, and bands. The Company's wholly-owned subsidiaries include Slacker Radio, React Presents, Gramophone Media, Palm Beach Records, Custom Personalization Solutions, LiveXLive, PPVOne and PodcastOne, which generates more than 2.48 billion downloads per year and 300+ episodes distributed per week across its stable of top-rated podcasts. LiveOne is available on iOS, Android, Roku, Apple TV, Amazon Fire, and through OTT, STIRR, and XUMO. For more information, visit www.liveone.com and follow us on Facebook, Instagram, TikTok, and Twitter at @liveone.

Forward-Looking Statements

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-out, special dividend, distribution or transaction, including the proposed special dividend and spin-out of PodcastOne or its pay-per-view business, the timing of the consummation of such proposed event, including the risks that a condition to consummation of such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; PodcastOne's ability to list on a national exchange; 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 members; 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; uncertain and unfavorable outcomes in legal proceedings; 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, 2022, filed with the U.S. Securities and Exchange Commission (the "SEC") on June 29, 2022, Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2022, filed with the SEC on August 15, 2022, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221111005386/en/

Press Contacts:

aileen@liveone.com

917.842.9653

LiveOne IR Contact:

(310) 601-2505

ir@LiveOne.com

Source: LiveOne, Inc.

FAQ

What is the date of the Floyd Mayweather vs Deji fight?

The fight is scheduled for November 13, 2022.

How can I watch the Floyd Mayweather fight in the metaverse?

The fight will be accessible in the MVB Worlds metaverse platform on various devices.

What is the ticket price for the Mayweather fight in the metaverse?

Tickets are priced at $14.99.

What company is behind the Floyd Mayweather fight in the metaverse?

The fight is organized by LiveOne in partnership with MetaVerseBooks and Global Titans.

How many fans does LiveOne have?

LiveOne has a fan database of over 38 million music and sports fans.