LiveOne (NASDAQ:LVO) Launches Multi-Year B2B Partnership with TextNow
LiveOne (NASDAQ: LVO), a leading streaming platform, has announced a multi-year B2B partnership with TextNow, a free phone service provider with over 250 million downloads. The collaboration offers TextNow users exclusive content and a one-year LiveOne Plus subscription at a significant discount. This strategic move is expected to drive revenue and EBITDA growth for LiveOne.
The partnership provides TextNow customers access to LiveOne Plus, featuring ad-free streaming, HD audio, unlimited skips, and exclusive shows. LiveOne is expanding its B2B team from 6 to 10 employees to support this initiative. Both companies view this collaboration as an opportunity to enhance their service offerings and reach a broader audience, aligning with their respective missions of providing innovative, affordable solutions and high-quality entertainment content.
LiveOne (NASDAQ: LVO), una piattaforma di streaming leader, ha annunciato una partnership B2B pluriennale con TextNow, un fornitore di servizio telefonico gratuito con oltre 250 milioni di download. La collaborazione offre agli utenti di TextNow contenuti esclusivi e un abbonamento LiveOne Plus di un anno a un prezzo significativamente scontato. Questa mossa strategica dovrebbe incrementare le entrate e la crescita dell'EBITDA per LiveOne.
La partnership fornisce ai clienti di TextNow accesso a LiveOne Plus, che include streaming senza pubblicità, audio HD, salti illimitati e spettacoli esclusivi. LiveOne sta ampliando il suo team B2B da 6 a 10 dipendenti per supportare questa iniziativa. Entrambe le aziende considerano questa collaborazione come un'opportunità per migliorare le loro offerte di servizio e raggiungere un pubblico più ampio, in linea con le rispettive missioni di fornire soluzioni innovative e accessibili e contenuti di intrattenimento di alta qualità.
LiveOne (NASDAQ: LVO), una plataforma de streaming líder, ha anunciado una asociación B2B a largo plazo con TextNow, un proveedor de servicio telefónico gratuito con más de 250 millones de descargas. La colaboración ofrece a los usuarios de TextNow contenido exclusivo y una suscripción de un año a LiveOne Plus a un precio significativamente reducido. Este movimiento estratégico se espera que impulse el crecimiento de los ingresos y el EBITDA para LiveOne.
La asociación proporciona a los clientes de TextNow acceso a LiveOne Plus, que incluye streaming sin anuncios, audio en HD, saltos ilimitados y shows exclusivos. LiveOne está ampliando su equipo B2B de 6 a 10 empleados para apoyar esta iniciativa. Ambas compañías consideran esta colaboración como una oportunidad para mejorar sus ofertas de servicio y alcanzar una audiencia más amplia, alineándose con sus respectivas misiones de proporcionar soluciones innovadoras y asequibles y contenido de entretenimiento de alta calidad.
LiveOne (NASDAQ: LVO), 선도적인 스트리밍 플랫폼이 2억 5천만 건 이상의 다운로드 수를 보유한 무료 전화 서비스 제공업체 TextNow와 다년간의 B2B 파트너십을 발표했습니다. 이 협업은 TextNow 사용자에게 독점 콘텐츠와 1년짜리 LiveOne Plus 구독권을 대폭 할인된 가격에 제공합니다. 이 전략적 조치는 LiveOne의 수익 및 EBITDA 성장에 기여할 것으로 기대됩니다.
파트너십은 TextNow 고객에게 광고 없는 스트리밍, HD 오디오, 무제한 건너뛰기, 독점 쇼를 제공하는 LiveOne Plus에 대한 접근을 제공합니다. LiveOne은 이 이니셔티브를 지원하기 위해 B2B 팀을 6명에서 10명으로 확장하고 있습니다. 두 회사는 이 협업을 서비스 제공을 향상시키고 더 많은 고객에게 다가갈 수 있는 기회로 보고 있으며, 혁신적이고 저렴한 솔루션과 고품질의 엔터테인먼트 콘텐츠를 제공하는 각자의 사명에 부합하고 있습니다.
LiveOne (NASDAQ: LVO), une plateforme de streaming de premier plan, a annoncé un partenariat B2B de plusieurs années avec TextNow, un fournisseur de services téléphoniques gratuits avec plus de 250 millions de téléchargements. Cette collaboration offre aux utilisateurs de TextNow du contenu exclusif et un abonnement LiveOne Plus d'un an à un tarif très réduit. Ce mouvement stratégique devrait stimuler la croissance des revenus et de l'EBITDA pour LiveOne.
Ce partenariat permet aux clients de TextNow d'accéder à LiveOne Plus, qui comprend un streaming sans publicité, un audio HD, des sauts illimités et des émissions exclusives. LiveOne élargit son équipe B2B de 6 à 10 employés pour soutenir cette initiative. Les deux entreprises considèrent cette collaboration comme une opportunité d'améliorer leurs offres de services et d'atteindre un public plus large, en accord avec leurs missions respectives qui sont de fournir des solutions innovantes et abordables ainsi que des contenus de divertissement de haute qualité.
LiveOne (NASDAQ: LVO), eine führende Streaming-Plattform, hat eine mehrjährige B2B-Partnerschaft mit TextNow, einem kostenlosen Telefondienstanbieter mit über 250 Millionen Downloads, bekannt gegeben. Die Zusammenarbeit bietet den TextNow-Nutzern exklusive Inhalte und ein einjähriges LiveOne Plus-Abonnement zu einem erheblichen Rabatt. Dieser strategische Schritt wird voraussichtlich Umsatz und EBITDA-Wachstum für LiveOne vorantreiben.
Die Partnerschaft ermöglicht es TextNow-Kunden, auf LiveOne Plus zuzugreifen, das werbefreies Streaming, HD-Audio, unbegrenztes Überspringen und exklusive Shows bietet. LiveOne erweitert sein B2B-Team von 6 auf 10 Mitarbeiter, um diese Initiative zu unterstützen. Beide Unternehmen sehen in dieser Zusammenarbeit eine Chance, ihre Dienstleistungsangebote zu verbessern und ein breiteres Publikum zu erreichen, was mit ihren jeweiligen Missionen übereinstimmt, innovative, erschwingliche Lösungen und hochwertige Unterhaltungsinhalte bereitzustellen.
- Multi-year B2B partnership with TextNow, a company with 250M+ downloads
- Expected to drive revenue and EBITDA growth for LiveOne
- Expansion of B2B team from 6 to 10 employees
- Potential to reach a broader audience through TextNow's user base
- None.
Insights
This partnership between LiveOne and TextNow represents a strategic move in the competitive digital streaming landscape. With TextNow's impressive 250M+ downloads, LiveOne gains access to a vast potential customer base. This could significantly boost LiveOne's subscriber numbers and
The expansion of LiveOne's B2B team from 6 to 10 employees indicates a serious investment in this partnership and similar future endeavors. This could lead to increased operational costs in the short term but potentially higher
This partnership taps into the growing trend of bundled digital services. By offering LiveOne Plus to TextNow users, both companies are enhancing their value propositions in a crowded market. TextNow's free phone service combined with premium music streaming creates a compelling package for budget-conscious consumers.
The success of this partnership could hinge on the overlap between TextNow and LiveOne's target demographics. If there's a strong match, we might see high adoption rates. However, if the overlap is , the impact might be less significant. The exclusive content for TextNow users could be a key differentiator, potentially driving higher engagement and retention rates for both services.
This partnership highlights the increasing convergence of telecommunications and entertainment services. By integrating LiveOne's streaming capabilities with TextNow's free phone service, both companies are creating a more comprehensive digital ecosystem for users. This synergy could lead to improved user experience and increased customer loyalty.
From a technical perspective, the integration of these services will require seamless API connections and user authentication systems. The success of this partnership will partly depend on how smoothly TextNow users can access LiveOne Plus features. Additionally, the ability to deliver high-quality, ad-free streaming to a potentially large number of new users will test LiveOne's infrastructure scalability. Investors should monitor any reports of technical issues or service disruptions as indicators of the partnership's operational success.
- TextNow Boasts 250M+ downloads
- Exclusive content and 1 year of LiveOne Plus offer to TextNow Users
- Strategic Expansion:
- Partnership expected to drive revenue & EBITDA growth
- LiveOne expanding B2B team from 6 to 10 employees
- Partnership expected to drive revenue & EBITDA growth
SAN FRANCISCO and LOS ANGELES, Aug. 19, 2024 (GLOBE NEWSWIRE) -- LiveOne (NASDAQ: LVO), the premier streaming platform for music, podcasts, and live events, announces a mutli-year partnership with TextNow, the leading free phone service provider in the U.S. This exclusive affiliate agreement allows TextNow customers to access a full year of LiveOne’s Plus service at a substantial savings, including special content programming just for TextNow customers.
As part of this exciting collaboration, TextNow users can now enjoy LiveOne Plus, which offers an ad-free experience, high-definition audio, unlimited skips, and exclusive shows. This partnership underscores TextNow’s commitment to providing exceptional value and a comprehensive digital lifestyle experience for its users.
“TextNow has always been about delivering innovative and affordable solutions to our customers, and this partnership with LiveOne perfectly aligns with that mission,” said TextNowChief Growth Officer, Ken Willner. “By offering our customers a year of ad-free streaming at a fraction of the cost, we’re enhancing their digital experience and adding incredible value to their TextNow service.”
“Partnering with TextNow provides a unique opportunity to reach a broader audience and offer them unparalleled value through our Plus streaming service,” said LiveOne CEO, Rob Ellin. “We’re excited to bring our high-quality music and entertainment content to TextNow’s community at such an incredible value.”
About TextNow
TextNow is revolutionizing the wireless industry by offering affordable and innovative mobile services. With a commitment to providing high-quality, low-cost solutions, TextNow offers users the freedom to connect and communicate without the constraints of traditional wireless carriers. For more information, visit https://www.textnow.com/.
About LiveOne
LiveOne is a leading streaming platform that delivers a diverse array of music, podcasts, and live events. Known for its high-definition audio and exclusive content, LiveOne offers an immersive entertainment experience for music lovers around the globe. For more information, visit https://www.liveone.com/.
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: LiveOne’s reliance on one key customer for a substantial percentage of its revenue; LiveOne’s ability to consummate any proposed financing, acquisition, spin-out, special dividend, merger, distribution or transaction, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; LiveOne’s ability to continue as a going concern; LiveOne’s ability to attract, maintain and increase the number of its users and paid members; LiveOne identifying, acquiring, securing and developing content; LiveOne’s intent to repurchase shares of its and/or PodcastOne’s common stock from time to time under LiveOne’s announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; LiveOne’s ability to maintain compliance with certain financial and other covenants; LiveOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management’s relationships with industry stakeholders; uncertain and unfavorable outcomes in legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of LiveOne’s subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in LiveOne’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 1, 2024, and in LiveOne’s other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and LiveOne disclaims any obligation to update these statements, except as may be required by law. LiveOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.**Included in the total number of paid members for the reported periods are certain members which are the subject of a contractual dispute. LiveOne is currently not recognizing revenue related to these members.
LiveOne IR Contact:
Liviakis Financial Communications, Inc.
(415) 389-4670
john@liviakis.com
Press Contact:
LiveOne
press@liveone.com
FAQ
What is the new partnership between LiveOne (LVO) and TextNow?
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