LIVEONE TO LIVESTREAM THE 74TH EDITION OF LIVEONE PRESENTS WITH MOLLY MOORE'S INTIMATE PERFORMANCE OF "ESCAPISM" EP
LiveOne (Nasdaq: LVO) announced its latest installment of the LiveOne Presents franchise featuring Molly Moore performing her new EP, Escapism. The concert, which includes emerging artists COM3T and Maty Noyes, will be livestreamed on March 3, 2022, at 8:00 PM ET. LiveOne has a subscriber base of over 1.35 million and streams over 2,900 artists, highlighting its commitment to delivering premium entertainment experiences.
- Subscriber base exceeds 1.35 million.
- Plans to feature Molly Moore and emerging artists in live event.
- Strong focus on delivering premium music and entertainment experiences.
- Revenue from certain subscribers not recognized due to a contractual dispute.
LOS ANGELES, March 2, 2022 /PRNewswire/ -- LiveOne (Nasdaq: LVO), a creator-first, music, entertainment and technology platform focused on delivering premium experiences and content worldwide through memberships, subscriptions, and live and virtual events, announced today that its newest installment of its LiveOne Presents franchise will feature an intimate performance by Molly Moore of her new EP, Escapism. The live concert will also feature emerging artists COM3T and Maty Noyes and will be exclusively livestreamed on LiveOne on Thursday, March 3, 2022 at 8:00 PM ET / 5:00 PM PT.
A staple in LiveOne's emerging artist repertoire, Moore has performed live in its LiveOne Presents from Las Vegas show and as part of the lineup for the 72-hour streamed Music Lives event.
LiveOne Presents is an original franchise that blends together music, entertainment, sports, culinary, and eSports. Starting with the "My Home To Yours'' at-home shows during peak COVID-19 featuring performances by Marc E. Bassy and Tinashe, and carrying through to the return of live events with artists like Carly Pearce, Wiz Khalifa, Danielle Bradbury and Common, LiveOne Presents broadcasts the full potential for fan interaction and entertainment. Along with franchises such as Music Lives On, as well as selections of pay-per-view concerts, sporting events, and social media competitions across any and all genres, LiveOne's pension for providing unique digital and in-person entertainment remains on full display at all times. Options to watch, listen, attend, engage, and transact, in line with LiveOne's flywheel, are fully present across the board.
About LiveOne, Inc.
Headquartered in Los Angeles, California, LiveOne, Inc. (NASDAQ: LVO) (the "Company") is a creator-first, music, entertainment and technology platform focused on delivering premium experiences and content worldwide through memberships, subscriptions and live and virtual events. As of January 2022, the Company has accrued a paid subscriber base of over 1.35** million, streamed over 2,900 artists, has a library of 30 million songs, 600 curated radio stations, 268 podcasts/vodcasts, hundreds of pay-per-views, personalized merchandise, released music-related NFTs, and has 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, LiveOne, 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.
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, distribution or transaction, the timing of the closing of such proposed event, including the risks that a condition to closing would not be satisfied within the expected timeframe or at all, or that the closing of any proposed financing, acquisition, spin-out, 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 subscribers; 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; 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, 2021, filed with the U.S. Securities and Exchange Commission (the "SEC") on July 14, 2021, Quarterly Report on Form 10-Q for the quarter ended June 30, 2021, filed with the SEC on August 16, 2021, Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2021, filed with the SEC on October 29, 2021, Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2021, filed with the SEC on February 14, 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.
** Included in the total number of subscribers for the reported periods are certain subscribers which are the subject of a contractual dispute. LiveOne is currently not recognizing revenue related to these subscribers.
Press Contact:
LiveOne
aileen@liveone.com
917.842.9653
aavidon@liveone.com
516.522.1349
LiveOne IR Contact:
IR@liveone.com
310.601.2505
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SOURCE LiveOne, Inc.
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