LiveOne (NASDAQ:LVO) and Slacker Radio Partner with Legible to Launch "Book of the Month" Program
LiveOne (NASDAQ:LVO) and its subsidiary Slacker Radio have partnered with Legible to launch a 'Book of the Month' program. This collaboration will provide Slacker Radio's 4 million members with free access to a monthly audiobook, curated by Legible's experts. The initiative aims to tap into the global audiobook market, valued at $5B and projected to reach $42B by 2031.
The partnership enhances LiveOne's audio offerings, now encompassing music, podcasts, and audiobooks. Members will also gain exclusive previews of Legible's diverse audiobook catalog. This strategic move is expected to increase member engagement, retention, and attract new users to LiveOne's platform, positioning the company as a pioneer in integrating music and audiobooks in the digital entertainment landscape.
LiveOne (NASDAQ:LVO) e la sua sussidiaria Slacker Radio hanno collaborato con Legible per lanciare un programma 'Libro del Mese'. Questa collaborazione offrirà ai 4 milioni di membri di Slacker Radio l'accesso gratuito a un audiolibro mensile, curato dagli esperti di Legible. L'iniziativa mira a inserirsi nel mercato globale degli audiolibri, valutato 5 miliardi di dollari e previsto per raggiungere i 42 miliardi di dollari entro il 2031.
La partnership arricchisce l'offerta audio di LiveOne, che ora comprende musica, podcast e audiolibri. I membri avranno anche accesso esclusivo a anteprime del variegato catalogo di audiolibri di Legible. Questa mossa strategica si prevede aumenterà il coinvolgimento dei membri, la loro fidelizzazione e attrarrà nuovi utenti sulla piattaforma di LiveOne, posizionando l'azienda come pioniere nell'integrazione di musica e audiolibri nel panorama dell'intrattenimento digitale.
LiveOne (NASDAQ:LVO) y su subsidiaria Slacker Radio se han asociado con Legible para lanzar un programa de 'Libro del Mes'. Esta colaboración brindará a los 4 millones de miembros de Slacker Radio acceso gratuito a un audiolibro mensual, curado por los expertos de Legible. La iniciativa busca aprovechar el mercado global de audiolibros, valorado en 5 mil millones de dólares y proyectado a alcanzar los 42 mil millones de dólares para 2031.
La asociación mejora la oferta de audio de LiveOne, que ahora abarca música, pódcast y audiolibros. Los miembros también obtendrán avances exclusivos del diverso catálogo de audiolibros de Legible. Se espera que este movimiento estratégico aumente el compromiso de los miembros, la retención y atraiga nuevos usuarios a la plataforma de LiveOne, posicionando a la empresa como pionera en la integración de música y audiolibros en el panorama del entretenimiento digital.
LiveOne (NASDAQ:LVO)와 그 자회사 Slacker Radio가 Legible과 협력하여 '이달의 도서' 프로그램을 출시했습니다. 이 협력으로 Slacker Radio의 400만 회원이 Legible 전문가들이 엄선한 월간 오디오북을 무료로 이용할 수 있게 됩니다. 이 이니셔티브는 현재 50억 달러로 평가되는 글로벌 오디오북 시장에 진입하는 것을 목표로 하며, 2031년까지 420억 달러에 이를 것으로 예상됩니다.
이번 파트너십은 이제 음악, 팟캐스트, 오디오북을 포함하는 LiveOne의 오디오 제공을 강화합니다. 회원들은 Legible의 다양한 오디오북 카탈로그에 대한 독점 미리보기도 받을 수 있습니다. 이 전략적 조치는 회원 참여도와 유지율을 높이고 LiveOne 플랫폼에 새로운 사용자를 유치할 것으로 기대되며, 디지털 엔터테인먼트 분야에서 음악과 오디오북을 통합하는 선구자로 회사를 자리매김하게 만들 것입니다.
LiveOne (NASDAQ:LVO) et sa filiale Slacker Radio se sont associés à Legible pour lancer un programme 'Livre du Mois'. Cette collaboration offrira aux 4 millions de membres de Slacker Radio un accès gratuit à un livre audio mensuel, sélectionné par les experts de Legible. L'initiative vise à exploiter le marché mondial des livres audio, évalué à 5 milliards de dollars et prévu d'atteindre 42 milliards de dollars d'ici 2031.
Ce partenariat améliore l'offre audio de LiveOne, qui comprend désormais musique, podcasts et livres audio. Les membres bénéficieront également d'aperçus exclusifs du catalogue diversifié de livres audio de Legible. Ce mouvement stratégique devrait augmenter l'engagement des membres, la fidélisation et attirer de nouveaux utilisateurs vers la plateforme de LiveOne, positionnant l'entreprise comme un pionnier dans l'intégration de la musique et des livres audio dans le paysage du divertissement numérique.
LiveOne (NASDAQ:LVO) und seine Tochtergesellschaft Slacker Radio haben sich mit Legible zusammengeschlossen, um ein 'Buch des Monats' Programm ins Leben zu rufen. Diese Zusammenarbeit wird den 4 Millionen Mitgliedern von Slacker Radio kostenlosen Zugang zu einem monatlichen Hörbuch bieten, das von den Experten von Legible kuratiert wird. Die Initiative zielt darauf ab, den globalen Hörbuchmarkt zu erschließen, der auf 5 Milliarden Dollar geschätzt wird und bis 2031 auf 42 Milliarden Dollar anwachsen soll.
Die Partnerschaft erweitert das Audioangebot von LiveOne, das nun auch Musik, Podcasts und Hörbücher umfasst. Mitglieder erhalten zudem exklusive Einblicke in das vielfältige Hörbuch-Katalog von Legible. Diese strategische Maßnahme wird voraussichtlich die Mitgliederbindung, -engagement und die Anwerbung neuer Nutzer für die Plattform von LiveOne erhöhen und das Unternehmen als Pionier in der Integration von Musik und Hörbüchern im digitalen Unterhaltungsbereich positionieren.
- Partnership with Legible expands LiveOne's audio offerings to include audiobooks
- Access to a free 'Book of the Month' audiobook for 4 million Slacker Radio members
- Tapping into the growing global audiobook market, projected to reach $42B by 2031
- Potential for increased member engagement and retention through diverse content offerings
- None.
Insights
This partnership marks a strategic move for LiveOne, tapping into the rapidly expanding audiobook market. With the global audiobook sector projected to grow from
However, the impact on LiveOne's immediate financials remains unclear. While the partnership may attract new subscribers and boost engagement, the cost structure and revenue-sharing details are not disclosed. Investors should monitor future earnings reports for signs of increased subscriber growth or improved margins resulting from this initiative.
LiveOne's integration of audiobooks into its Slacker Radio platform represents a significant technological advancement in content delivery. By seamlessly blending music, podcasts and now audiobooks, LVO is creating a more comprehensive and versatile audio ecosystem. This move aligns with the broader trend of content convergence in digital platforms, potentially giving LiveOne a competitive edge in user retention and engagement.
The technical implementation of this feature, including content delivery, user interface integration and personalization algorithms, will be important for its success. If executed well, this could set a new standard for audio streaming platforms. However, investors should be aware that such integrations can be complex and may require substantial backend development, potentially impacting short-term costs.
- Slacker Radio's 4 million members will have to access to new program
- Tapping into the booming global audiobook market, valued at
- LiveOne now boasts 3 pillars of audio: music, podcasts, and audiobooks
LOS ANGELES, Aug. 16, 2024 (GLOBE NEWSWIRE) -- LiveOne, Inc. (NASDAQ: LVO), a leader in digital broadcasting and personalized entertainment, is excited to announce a strategic collaboration with Legible Inc. (CSE: READ) (OTCQB: LEBGF) (FSE: D0T), a premier digital reading and audiobook platform. This partnership is set to expand LiveOne’s Slacker Radio member base by offering enhanced value through exclusive access to Legible’s audiobook content.
Beginning in August, LiveOne’s Slacker Radio over 4 million members, will gain free access to a 'Book of the Month' audiobook, carefully curated by Legible’s team of experts. This initiative not only enriches the listening experience for Slacker Radio members but also seamlessly blends music with storytelling, creating a unique entertainment offering.
Bradley Konkol, Head of Slacker Radio for LiveOne, expressed his enthusiasm for the partnership: "At LiveOne, we're always looking for innovative ways to elevate our members' experience. Our collaboration with Legible introduces a fantastic mix of music and audiobooks, allowing our users to explore new content and enjoy a more diverse listening experience."
This collaboration is also aligned with LiveOne’s broader strategy to increase member engagement and retention. By offering a free audiobook each month and exclusive previews of Legible’s diverse audiobook catalog, LiveOne not only adds significant value to its membership but also fosters a deeper connection with its audience.
Key Benefits for LiveOne Members:
• Free 'Book of the Month' Audiobook: Each month, members will have access to a full-length audiobook, handpicked by Legible’s curators, at no additional cost.
• Exclusive Previews: Slacker Radio members can enjoy previews from a wide selection of audiobooks, allowing them to discover new authors and genres that align with their interests.
• Diverse Content: With a broad range of genres including fiction, non-fiction, mystery, and self-help, this partnership ensures that Slacker Radio members can enjoy a rich and varied audio experience.
In addition to enhancing member value, this collaboration positions LiveOne as a pioneer in the integration of music and audiobooks, driving increased engagement and attracting new members. By combining the strengths of both companies, this partnership is expected to contribute to LiveOne’s ongoing growth and success in the digital entertainment landscape.
About LiveOne and Slacker Radio Slacker Radio, a leading internet radio service owned by LiveOne, Inc., offers personalized music and entertainment streaming to millions of users. With expertly curated stations and customizable playlists, Slacker Radio delivers an unmatched listening experience.
About LiveOne, Inc. Headquartered in Los Angeles, California, LiveOne, Inc. (NASDAQ: LVO) is an award-winning, creator-first music, entertainment, and technology platform. The company delivers premium content worldwide through memberships, live, and virtual events. LiveOne’s subsidiaries include Slacker Radio and PodcastOne, which generate significant engagement across their platforms. LiveOne is available on multiple devices and platforms, providing a comprehensive entertainment experience for its global audience.
For more information about LiveOne, visit liveone.com.
About Legible Inc.
Legible is a mobile-centric global company specializing in eBooks and audiobook entertainment, boasting a market opportunity exceeding billions of dollars. Legible’s extensive partnerships encompass four of the Big 5 Publishers and the world's largest eBook distributor, enabling Legible to seamlessly deliver millions of eBooks and audiobooks, effectively transforming any smart device into a dynamic library and eBookstore. At the heart of Legible’s innovation lies its LibrarianAI, the world's pioneering AI-powered literary assistant, enhancing the reading experience. Legible’s publishing division is revolutionizing the industry by crafting proprietary AI-enriched multimedia books, setting new standards in literary engagement. Legible is at the forefront of reshaping the digital publishing landscape, committed to gaining a significant market share by providing innovative 21st-century publishing solutions and enriching global reading experiences. Please visit Legible.com and discover the place where eBooks come to life.
LiveOne IR Contact:
Liviakis Financial Communications, Inc.
(415) 389-4670
john@liviakis.com
Press Contact:
LiveOne
press@liveone.com
FAQ
What is LiveOne's new 'Book of the Month' program with Slacker Radio and Legible?
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When will LiveOne (LVO) and Slacker Radio's 'Book of the Month' program with Legible begin?
