LiveOne's (NASDAQ: LVO) Drumify Produces Lead Single for Wizkid's Album 'Morayo,' Achieving 100 Million Streams in First 48 hours, Adding to LVO’s growing Publishing Catalog
LiveOne's subsidiary Splitmind has achieved a significant milestone as executive producer of the lead single for Wizkid's new album 'Morayo', which garnered 100 million streams within 48 hours of release. The album set a record as the highest-streamed debut for an African artist. Splitmind's recent collaborations include work with notable artists GloRilla, Brent Faiyaz, KYLE, Russ, and Blxst. Additionally, Drumify, another LiveOne venture, reported record revenues for October and plans to launch its first generative AI platform for beats and sounds through a partnership with Seekr and Intel.
La sussidiaria di LiveOne, Splitmind, ha raggiunto un traguardo significativo come produttore esecutivo del singolo principale dell'album 'Morayo' di Wizkid, che ha ottenuto 100 milioni di stream entro 48 ore dalla sua uscita. L'album ha stabilito un record come il debutto più ascoltato per un artista africano. Le recenti collaborazioni di Splitmind includono lavori con artisti noti come GloRilla, Brent Faiyaz, KYLE, Russ e Blxst. Inoltre, Drumify, un'altra iniziativa di LiveOne, ha riportato ricavi record per ottobre e prevede di lanciare la sua prima piattaforma di IA generativa per beat e suoni attraverso una collaborazione con Seekr e Intel.
La subsidiaria de LiveOne, Splitmind, ha alcanzado un hito significativo como productor ejecutivo del sencillo principal del nuevo álbum 'Morayo' de Wizkid, que obtuvo 100 millones de reproducciones en 48 horas tras su lanzamiento. El álbum estableció un récord como el debut más reproducido para un artista africano. Las recientes colaboraciones de Splitmind incluyen trabajos con artistas notables como GloRilla, Brent Faiyaz, KYLE, Russ y Blxst. Además, Drumify, otra empresa de LiveOne, informó de ingresos récord para octubre y planea lanzar su primera plataforma de IA generativa para ritmos y sonidos a través de una asociación con Seekr e Intel.
LiveOne의 자회사인 Splitmind는 Wizkid의 새 앨범 'Morayo'의 주요 싱글 executive producer로서 중요한 이정표를 세웠습니다. 이 앨범은 출시 후 48시간 안에 1억 스트림을 기록했습니다. 이 앨범은 아프리카 아티스트의 가장 높은 스트리밍 데뷔 기록을 세웠습니다. Splitmind의 최근 협업에는 GloRilla, Brent Faiyaz, KYLE, Russ, Blxst와의 작업이 포함됩니다. 또한, Drumify는 LiveOne의 또 다른 벤처로서 10월에 기록적인 수익을 보고했으며 Seekr 및 Intel과의 파트너십을 통해 비트 및 사운드를 위한 최초의 생성 AI 플랫폼을 출시할 계획입니다.
La filiale de LiveOne, Splitmind, a réalisé un jalon important en tant que producteur exécutif du morceau principal du nouvel album 'Morayo' de Wizkid, qui a enregistré 100 millions de streams en 48 heures après sa sortie. L'album a établi un record en tant que meilleur lancement d'un artiste africain. Les récentes collaborations de Splitmind incluent des travaux avec des artistes notables tels que GloRilla, Brent Faiyaz, KYLE, Russ et Blxst. De plus, Drumify, une autre entreprise de LiveOne, a déclaré des revenus record pour octobre et prévoit de lancer sa première plateforme IA générative pour des beats et des sons en partenariat avec Seekr et Intel.
Die Tochtergesellschaft von LiveOne, Splitmind, hat einen bedeutenden Meilenstein als Executive Producer der Hauptsingle des neuen Albums 'Morayo' von Wizkid erreicht, das innerhalb von 48 Stunden nach der Veröffentlichung 100 Millionen Streams erhielt. Das Album stellte einen Rekord als das meistgestreamte Debüt eines afrikanischen Künstlers auf. Zu den jüngsten Kooperationen von Splitmind gehören Arbeiten mit namhaften Künstlern wie GloRilla, Brent Faiyaz, KYLE, Russ und Blxst. Darüber hinaus hat Drumify, ein weiteres Unternehmen von LiveOne, im Oktober Rekordumsätze erzielt und plant, seine erste generative KI-Plattform für Beats und Sounds in Zusammenarbeit mit Seekr und Intel zu lancieren.
- Lead single achieved 100 million streams in first 48 hours
- Record-breaking album debut for African artist category
- Drumify achieved record revenues in October
- Strategic partnership with Seekr and Intel for AI platform development
- None.
Insights
The success of Wizkid's album "Morayo" and Drumify's involvement represents a significant milestone for LiveOne's publishing division. Achieving 100 million streams in 48 hours is exceptional, particularly for an African artist and indicates substantial revenue potential through streaming royalties. The collaboration with high-profile artists like GloRilla and Brent Faiyaz, coupled with Drumify's record October revenues, demonstrates strong momentum in LiveOne's music production business.
The upcoming launch of an AI-powered beats platform through partnerships with Seekr and Intel positions LiveOne at the intersection of music and technology. This strategic move into AI-generated content could create a new revenue stream and competitive advantage in the digital music production space. With a relatively modest market cap of
"Morayo" Became the Highest Streamed Album Debut Ever for an African Artist
Recent Releases from Splitmind Include Major Collaborations with GloRilla, Brent Faiyaz, KYLE, Russ, and Blxst
Drumify Achieves Record Revenues for October
Drumify to Launch First Generative A1 Platform for Beats and Sounds with Seekr and Intel Partnership
LOS ANGELES, Nov. 26, 2024 (GLOBE NEWSWIRE) -- LiveOne, Inc. (NASDAQ: LVO), a leader in the entertainment landscape, is thrilled to announce its subsidiary Splitmind has executive produced the lead single for Wizkid’s new album “Morayo,” which has achieved 100 million streams in the first 48 hours since release.
About LiveOne, Inc.
LiveOne, Inc. is an award-winning, creator-first, music, entertainment, and technology platform delivering premium experiences and content worldwide. With subsidiaries like Slacker Radio and PodcastOne, LiveOne has garnered accolades for its innovative approach, including the Best Live Moment award by Digiday for the "Social Gloves" PPV Event.
About Splitmind
Founded by Aidan “Halfway” Crotinger in 2020, Splitmind is a Los Angeles-based music collective of producers and writers from all over the world, including Grammy-winning, multi-platinum producer Jakik. Splitmind’s catalog includes 40,000 copyrights and 2 billion streams. Splitmind provides an infrastructure that allows creatives to share sounds while retaining their royalties - paving the path to give producers long-term ownership of their copyrights. Splitmind is a majority-owned subsidiary of LiveOne (NASDAQ: LVO) and was acquired by LiveOne in 2023.
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FAQ
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