Update: PodcastOne’s Baby Mamas No Drama Wins 2023 Webby Award

Kail Lowry and Vee Rivera Hosted Podcast Wins Best Lifestyle Podcast for 27th Annual Awards

Combined Social Following Tops 9.5 Million

LOS ANGELES, CA, April 27, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – PodcastOne, a leading podcast platform and a subsidiary of LiveOne (NASDAQ: LVO), announced today that Baby Mamas No Drama has been named the Best Lifestyle Podcast in the 27th Annual Webby Awards Internet Celebration. Hailed as the “Internet’s highest honor” by The New York Times, The Webby Awards, presented by the International Academy of Digital Arts and Sciences (IADAS), is the leading international awards organization honoring excellence on the Internet.

Baby Mamas No Drama, this year's People’s Voice winner of Best Lifestyle Podcast, is led by hosts Kail Lowry and Vee Rivera, two hosts who are both part of the cultural phenomenon MTV television show Teen Mom. The duo launched their podcast in 2020 to share their incredible story of working through their initial dislike of each other to come together to co-parent within their blended families. Baby Mamas No Drama is a podcast where listeners can relate to the struggles and challenges of co-parenting while becoming inspired by how the two hosts have turned their failures into winning success. Nothing is off limits as the two ladies discuss a wide range of topics from lifestyle and current events, to buzzy NSFW subjects and pop culture.

“We pride ourselves at PodcastOne for the utmost in programming for women and the Webby Award honor validates what we’ve known all along, that audiences and advertisers alike love Baby Mamas No Drama. Their engaged audience of influential millennials, combined with the dynamic talent of the hosts continue to take this show to new heights and we couldn’t be more proud of Kail and Vee and this honor,” said Kit Gray, President of PodcastOne.

“Baby Mamas No Drama has set the standard for innovation and creativity on the Internet,” said Claire Graves, Executive Director of The Webby Awards. “This award is a testament to the skill, ingenuity, and vision of its creators.”

With a degree in communications and dreams of someday being involved in the law profession, Kail Lowry is a jack of all trades, a New York Times Bestselling author, a host of three podcasts and mother of four children. Lowry’s ability to exceed expectations in several fields has endeared her to legions of fans. Vee Rivera is a prominent social media influencer, real estate agent and small business owner of the beauty brand Vivid Belleza. Through the company she shares with her husband, Rivera flips houses and sells properties. She is a mom to her daughter and a bonus mom to her son.

Baby Mamas No Drama will be honored at the 27th Annual Webby Awards in New York City on May 15th, hosted by Roy Wood Jr. Fans can follow and watch show highlights including hallmark 5-Word Speeches from the night’s big winners on May 15th by following The Webby Awards @thewebbyawards on Instagram, Twitter, TikTok and on YouTube. This year’s Webby Special Achievement honorees include: Emoji Creator Shigetaka Kurita (Lifetime Achievement), SZA (Artist of the Year), Sharon Horgan (Actress of the Year), SmartLess Hosts Jason Bateman, Will Arnett and Sean Hayes (Podcast of the Year), Tracee Ellis Ross (Webby Special Achievement), Tobe Nwigwe (Webby Special Achievement), Under the Desk News (Webby Special Achievement), and Chat GPT (Breakout of the Year).

Baby Mamas No Drama and PodcastOne’s full roster of programming from a wide range of genres including True Crime, politics, society and culture, sports, and entertainment is available on PodcastOne, iTunes, Spotify, Amazon and wherever podcasts are heard. 

About The Webby Awards

Hailed as the “Internet’s highest honor” by The New York Times, The Webby Awards is the leading international awards organization honoring excellence on the Internet, including Websites and Mobile Sites; Video; Advertising, Media and PR; Apps, dApps & Software, Social; Podcasts; Games and Metaverse, Immersive & Virtual. Established in 1996, The Webby Awards received nearly 14,000 entries from all 50 states and over 70 countries worldwide this year. The Webby Awards are presented by the International Academy of Digital Arts and Sciences (IADAS). Sponsors and Partners of The Webby Awards include Canva, WP Engine, Verizon, Omidyar Network, YouGov, NAACP, KPMG, Wall Street Journal, All Tech Is Human, Podcast Movement and AIGA.

About PodcastOne

PodcastOne is a leading advertiser-supported podcast company, offering a 360-degree solution for both content creators and advertisers, including content development, brand integration and distribution. Acquired by LiveOne (NASDAQ: LVO) in 2020, the two entities have subsequently teamed to create a new video podcast (Vodcast) network under the LiveOne umbrella. Amassing more than 2.48 billion downloads per year with 300+ episodes distributed per week across a stable of hundreds of top podcast programs, including influencer talent and television personalities such as Kaitlyn Bristowe, Steve Austin, Jordan Harbinger, Kail Lowry, Heather Dubrow, The LadyGang, Melissa Gorga, Teresa Guidice, Savannah Chrisley, and top-rated true crime shows including Bad Bad Thing, The Prosecutors, True Crime All the Time Unsolved, Court Junkie, A&E’s Cold Case Files and I Survived, American Nightmare and more. Its shows are distributed across its own platform as well as LiveOne's owned-and-operated channels on mobile, mobile web, desktop and SmartTV's. PodcastOne is the parent company of LaunchpadOne, an innovative self-serve platform developed to launch, host, distribute and monetize independent user-generated podcasts. PodcastOne is the brainchild of Radio Hall of Famer, Norm Pattiz, also the founder of Network Radio-giant, Westwood One. 

About LiveOne, Inc.

Headquartered in Los Angeles, California, LiveOne, Inc. (NASDAQ: LVO) (the "Company") is an award-winning, creator-first, music, entertainment and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. The Company's wholly-owned subsidiaries include Slacker Radio, a membership music streaming service, and PodcastOne, which generates more than 2.3 billion downloads per year, 350+ hours distributed weekly, and 14M+ monthly unique listeners. Nearly all new Tesla EVs sold in the U.S. come with a paid membership to LiveOne’s Slacker Radio (that now includes PodcastOne) which is paid by Tesla. As of March 31, 2023, the Company has accrued a paid and free ad-supported membership base of approximately 2.9 million**. The Company was awarded Best Live Moment by Digiday for its “Social Gloves” PPV Event, and has been a finalist for 8 more awards, including Best Live Event, Best Virtual Event, Best Overall Social Media Excellence, and Best Original Programming from Cynopsis and Digiday. As of February 9, 2023, the Company has streamed over 2,900 artists, has a library of 30 million songs, 600 curated radio stations, over 300 podcasts/vodcasts, hundreds of pay-per-views, personalized merchandise, released music-related NFTs, and created a valuable connection between fans, brands, and bands. The Company's other wholly-owned subsidiaries include PPVOne, Gramophone Media, Palm Beach Records, Custom Personalization Solutions, and LiveXLive. LiveOne is available on iOS, Android, Roku, Apple TV, Amazon Fire, and through OTT, STIRR, and XUMO. For more information, visit liveone.com and follow us on Facebook, Instagram, TikTok, YouTube and Twitter at @liveone.
  
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, distribution or transaction, including the proposed special dividend and spin-out of PodcastOne, Slacker or the Company’s pay-per-view business, the timing of the consummation of such proposed event, including the risks that a condition to consummation of such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; PodcastOne's or Slacker’s ability to list on a national exchange; 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, 2022, filed with the U.S. Securities and Exchange Commission (the "SEC") on June 29, 2022, Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2022, filed with the SEC on February 14, 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 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 paid members for the reported periods are certain members which are the subject of a contractual dispute. LiveOne is currently not recognizing revenue related to these members.

Press Contacts:

For PodcastOne
310.246.4600
Susan@Guttmanpr.com

For LiveOne
LiveOne
press@liveone.com

LiveOne IR Contact:
Kirin Smith
PCG Advisory
(646) 823-8656
ksmith@pcgadvisory.com