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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), a prominent music, entertainment, and technology platform, has announced updates to its PodcastOne (Nasdaq: PODC) repurchasing program.
The company has acquired a total of 359,000 shares of PODC at an average price of $2.45. Specifically, LiveOne purchased 159,000 shares at $3 in March 2024 and 200,000 shares at $2 during the current quarter.
Additionally, LiveOne reiterated its commitment to purchasing $5 million worth of LVO and PODC shares.
LiveOne (NASDAQ: LVO) has announced its partnership as the streaming partner for “The Game of Legends,” a celebrity soccer event featuring Ronaldinho and Kaka, set to take place on June 16, 2024, at Toyota Arena in Ontario, CA.
The event will also feature halftime performances by multi-platinum rapper KYLE. LiveOne has achieved significant milestones, reaching over 200 million viewers and 5 billion fan engagements across 220 countries.
The company has a history of successful Pay-Per-View (PPV) events, including performances by major celebrities like Wiz Khalifa, Monsta X, Pitbull, and Floyd Mayweather boxing matches. LiveOne continues to dominate live streaming in the music and entertainment industry.
LiveOne (NASDAQ: LVO) announced that its total membership has exceeded 3.8 million, marking a 25% year-over-year growth. The Tesla membership, in particular, saw a significant increase, reaching 1.8 million members, a 32% rise from the previous year. The company expects to add over 1 million new members by the end of 2024.
LiveOne's B2B pipeline has also expanded, with more than 60 partnerships under discussion and four major multi-year agreements set to be announced soon. According to Brad Konkol, Head of Slacker Radio, the growth is driven by collaborative B2B partnerships and a focus on creating unique, customizable audio experiences for businesses and customers.
LiveOne (NASDAQ: LVO) has entered the $100 billion coffee market by acquiring Smyle Coffee in partnership with multi-platinum rapper-actor KYLE. Leveraging KYLE’s extensive fan base, including 4.5 million monthly Spotify listeners and 6+ million followers, the brand aims to intertwine music and coffee culture to create a unique product. Smyle Coffee, which prioritizes mental health awareness, will donate a portion of its proceeds to mental health charities. The coffee will be sold in 12 oz bags and will also feature a coffee truck in Southern California.
LiveOne (Nasdaq: LVO), a leading music, entertainment, and technology platform, will host a special investor webcast on Wednesday, June 5, 2024, at 10:00 AM ET / 7:00 AM PT. The webcast will update on strategic partnerships, B2B pipeline, and the market size for its subsidiaries. Senior management will present the business update, accessible via the Investor Relations section of LiveOne's website. LiveOne's subsidiaries include Slacker Radio, PodcastOne (Nasdaq: PODC), PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind. The company is notable for its premium content and experiences delivered through memberships, live, and virtual events.
The Dr. Gundry Podcast, hosted by renowned cardiothoracic surgeon Steven R. Gundry, M.D., celebrates its 300th episode. The podcast, managed by PodcastOne, a subsidiary of LiveOne (NASDAQ: LVO), offers health insights based on scientific research. It features interviews with health experts and stories of individuals who have transformed their health following Dr. Gundry's lectin-free diet.
To commemorate the milestone, the special episode features four guests who have experienced significant health improvements. Listeners can also enjoy a 20% discount on their first purchase from Gundry MD using a special promo code, valid until December 31, 2024.
LiveOne (Nasdaq: LVO) announced a strategic price raise of $0.50-$1 for select membership offerings, marking the first change in a decade. The move aims to fuel growth initiatives, innovate the audio experience, and solidify LiveOne's position as a leader in audio and entertainment. With over 3.7 million members, LiveOne plans to capitalize on the projected music streaming market growth to over $100 billion by 2030.
LiveOne (NASDAQ: LVO) partners with Bare Knuckle Fighting Championship to expand its sports lineup with the 'KnuckleMania IV' event. The company continues to dominate live streaming with impressive milestones, reaching millions of viewers and engaging fans across 220 countries. The partnership aims to boost revenue streams and enhance the sports content offerings on LiveOne's platform.
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