LiveOne’s (Nasdaq: LVO) Slacker Radio Partners With Legible Inc. Giving Access to Millions of Audiobooks and Ebooks for Its Members, Including Audiobook Previews for 1.5M+ Tesla Drivers

Rhea-AI Summary

LiveOne announces access to a vast library of music, podcasts, radio stations, and audiobooks for its members. The global audiobook market is currently valued at over $5 billion and projected to grow to $42 billion by 2031.

-LiveOne Members Will Now Have Access to 45M Music Tracks, 400k Hours of Podcast Episodes, 500+ Expertly Curated Radio Stations, and Millions of Audiobooks and Ebooks
                       
-The Global Audiobook Market Size is Currently Valued Over $5B and Projected to Grow to $42B by 2031

LOS ANGELES, CA, Jan. 31, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire –About LiveOne, Inc.

LiveOne, Inc. (Nasdaq: LVO) is an award-winning, creator-first, music, entertainment, and technology platform delivering premium experiences and content worldwide. With subsidiaries like Slacker Radio and PodcastOne (Nasdaq: PODC), LiveOne has garnered accolades for its innovative approach, including the Best Live Moment award by Digiday for the "Social Gloves" PPV Event.

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, 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; 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, 2023, filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 29, 2023, Quarterly Report on Form 10-Q for the quarter year ended June 30, 2023, filed with the SEC on August 15, 2023, 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 obligation 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.

For media inquiries, please contact:

LiveOne IR Contact :
Liviakis Financial Communications, Inc.
(415) 389-4670
john@liviakis.com

LiveOne Press Contact :
LiveOne
press@liveone.com

Follow LiveOne on social media: Facebook, Instagram, TikTok, YouTube, and Twitter at @liveone.

FAQ

What content will LiveOne members have access to?

LiveOne members will have access to 45M music tracks, 400k hours of podcast episodes, 500+ expertly curated radio stations, and millions of audiobooks and ebooks.

What is the current value of the global audiobook market?

The global audiobook market is currently valued at over $5 billion.

What is the projected value of the global audiobook market by 2031?

The global audiobook market is projected to grow to $42 billion by 2031.