Welcome to our dedicated page for LiveOne news (Ticker: LVO), a resource for investors and traders seeking the latest updates and insights on LiveOne stock.
LiveOne, Inc. (NASDAQ: LVO) is a leading, creator-first music, entertainment, and technology platform, headquartered in Los Angeles, California. Formerly known as LiveXLive Media, Inc., the company is dedicated to delivering premium live music experiences and music-related video content to audiences worldwide. With subsidiaries like Slacker Radio and PodcastOne, LiveOne has established itself as a pioneer in the live streaming and audio content industry.
Since its inception in 2015, LiveOne has streamed performances from over 200 of the world’s biggest artists at renowned festivals such as Rock in Rio and the Outside Lands Music and Arts Festival. The platform offers a diverse range of content, including live streamed concerts, on-demand music videos, original shows, artist exclusives, and in-depth industry interviews.
The company operates through two primary segments: Audio and Media. The Audio segment, which includes Slacker Radio, is a significant revenue driver, offering personalized radio and curated stations. In addition, LiveOne's recent initiatives include the launch of Drumify 3.0, a subscription model designed to convert a large portion of its user base into recurring subscribers, enhancing customer lifetime value and overall revenue.
LiveOne has formed strategic partnerships to expand its reach and diversify its revenue streams. Notably, its decade-long collaboration with Tesla has resulted in substantial growth, with Tesla members increasing by 33% year over year. The company continues to focus on developing new B2B relationships to enhance its financial stability.
Financially, LiveOne has projected strong growth, with expectations of exceeding 1 million members by 2024 and significant increases in revenue from various segments. The company's innovative approach has earned it multiple awards, including the Best Live Moment award by Digiday for the
LiveOne (Nasdaq: LVO) announced comedian Fortune Feimster as the host for the 2021 Breakout Awards, taking place on December 8, 2021 in Los Angeles. The awards will honor Britney Spears and the #FreeBritney Movement with the Breakout of the Year award. The ceremony will blend comedy and live performances and will be livestreamed exclusively on LiveXLive on December 19, 2021 at 8:00 PM ET. Categories include Breakout Of The Year and Meme Supreme. In 2020, the Lockdown Awards garnered 300 million social impressions.
LiveOne (Nasdaq: LVO) has launched its LiveXLive app on Google's Android Automotive platform, allowing users to access over 30 million songs and 235 podcasts/vodcasts directly from their vehicles. This initiative aims to enhance in-car entertainment without needing mobile devices, providing a seamless user experience. The app supports automakers like Ford and Volvo, tapping into a growing market of connected vehicles. LiveOne's offerings include original content and livestreams from major events, reflecting its strategy to expand digital media services.
LiveOne (Nasdaq: LVO) has successfully acquired Palm Beach Records, enhancing its global platform for music and podcasting. This acquisition is designed to be immediately accretive to earnings and strengthen the balance sheet. Palm Beach Records, founded by Christian Ocampo, is known for its management of top hip-hop talent including Kodak Black and Lil Boosie. LiveOne plans to expand its music operations and launch a full-service podcast studio, positioning itself to sign new talent and deepen its South Florida market presence.
LiveOne (Nasdaq: LVO) announces the livestream of the THUNDERGONG! benefit concert hosted by Jason Sudeikis on November 20, 2021, at 8 PM ET. This hybrid event will feature performances from notable artists like Counting Crows and Sammy Hagar, aiming to assist uninsured amputees through the Steps of Faith Foundation. CEO Rob Ellin expresses excitement about partnering again with Sudeikis for this initiative, which combines music and comedy to raise awareness and funds for prosthetic care.
LiveOne (Nasdaq: LVO) announced that its Ballerfest event has surpassed 5.1 billion total impressions globally. Featuring over 500 artists, the event showed a 69% increase in video views and a 45% increase in engagement compared to previous editions. LiveOne continues to produce hybrid events, with successful franchises like Music Lives and LiveXLive Presents. The company's unique platform offers extensive monetization opportunities, allowing users to engage through audio, video, and live events. LiveOne's commitment to premium content is evident in the growth of its community and franchises.
LiveOne (Nasdaq: LVO) announced an exclusive livestream of G Herbo's pay-per-view concert on November 24, 2021, to celebrate his new album 25. The event will take place at his sold-out show in Chicago. Early bird tickets start at $9.99, with premium packages available, including a virtual meet-and-greet. The company, known for its platform offering a range of music content and events, aims to boost its subscriber base and expand its market presence through collaborations with artists like G Herbo.
LiveOne (Nasdaq: LVO) announced its participation in three upcoming investor events: the Q4 Investor Summit Conference on November 17, 2021, at 3:30 p.m. ET, the Ladenburg Thalmann Virtual Technology Expo on November 18, 2021, at 3:00 p.m. ET, and the Roth 10th Annual Tech Conference on November 17-18, 2021. The management will be available for 1x1 meetings and webcasts are available for registration. LiveOne, based in Los Angeles, is a global platform for audio, video, and podcast content, delivering premium music and entertainment services.
LiveOne (NASDAQ: LVO) announced a strategic partnership with Empire Media Group, Inc. (EMG) on Nov. 1, 2021, for an eight-figure, three-year deal. EMG will provide advertising and creative services to enhance the marketing of LiveOne’s brands while promoting EMG’s brands via LiveOne’s media channels. The collaboration aims to boost membership and engagement through events like the upcoming Music Lives: Ballerfest, starting Nov. 12, 2021, featuring a diverse lineup of artists. In October 2021, EMG achieved over 33 million users across its platforms.
LiveOne (Nasdaq: LVO) has announced the launch of a new membership offering set to commence in 2022. This membership will provide access to 30 million songs, numerous radio stations, exclusive livestreams, and podcasts. Members will enjoy benefits such as discounts on merchandise, access to virtual meet-and-greets, and integrated digital wallets. LiveOne aims to leverage data to enhance user experience and engage superfans. The company projects to reach 2 million eligible members by March 31, 2022, combining its existing user base and new members from recent events.
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