PodcastOne (Nasdaq: PODC) Acquires Exclusive Multi-Year Sales and Distribution Rights to Fool Coverage with Manny MUA and Laura Lee Podcast

Rhea-AI Summary

PodcastOne (Nasdaq: PODC) has acquired exclusive multi-year sales and distribution rights to Fool Coverage with Manny MUA and Laura Lee. This marks the 17th new podcast joining PodcastOne's network this fiscal year and the 45th in the last 12 months. The podcast, featuring Millennial and Gen Z beauty influencers Manny and Laura Lee, will air weekly episodes starting September 12, 2024.

Fool Coverage, which has 153 episodes since its 2021 launch, covers beauty, fashion, business insights, and celebrity gossip. PodcastOne's network boasts 3.8 billion all-time downloads and reaches over 1 billion listeners monthly across various platforms. The acquisition aligns with PodcastOne's strategy to expand its content offerings and strengthen its position in the podcast industry.

Positive

• Acquisition of exclusive rights to a popular podcast with 153 episodes
• 17th new podcast added this fiscal year, 45th in last 12 months, indicating strong network growth
• PodcastOne network has 3.8 billion all-time downloads
• Reaches over 1 billion listeners monthly across various platforms

Negative

• None.

Market Research Analyst

PodcastOne's acquisition of Fool Coverage represents a strategic move to expand its content portfolio and target younger demographics. With 153 episodes since 2021, the podcast has demonstrated sustainability and audience appeal. This deal marks PodcastOne's 17th new podcast this fiscal year and 45th in the last 12 months, indicating aggressive growth strategies. The company's 3.8 billion all-time network downloads showcase its strong market position.

However, the financial terms of the deal are not disclosed, making it challenging to assess the immediate impact on PodcastOne's revenue. The podcast's popularity among Millennials and Gen Z could potentially attract new advertisers, but the actual listener numbers and monetization potential remain unclear. While this acquisition aligns with PodcastOne's expansion strategy, its effect on the company's stock (PODC) may be without more concrete financial data.

Tech Expert

PodcastOne's multi-platform distribution strategy is noteworthy. By making Fool Coverage available across major platforms like Apple Podcasts, Spotify, iHeart and Amazon, they're maximizing potential reach. The inclusion in Tesla vehicles is particularly interesting, tapping into a premium audience segment.

The company's tech infrastructure, including the LaunchpadOne platform for independent podcasters, demonstrates forward-thinking in content creation and monetization. However, in a rapidly evolving podcast market, PodcastOne faces stiff competition from tech giants like Spotify and Apple. The success of this acquisition will depend on PodcastOne's ability to leverage its tech stack for effective content delivery, audience engagement and ad targeting. While the deal shows promise, its tech-driven value proposition needs further proving in a crowded market.

Fool Coverage Has 153 Episodes Since Its Launch in 2021

17th New Podcast Joining PodcastOne Network This Fiscal Year, 45th in Last 12 Months

3.8 Billion All-Time Network Downloads

LOS ANGELES, Sept. 13, 2024 (GLOBE NEWSWIRE) -- PodcastOne (Nasdaq: PODC), a leading podcast platform and a subsidiary of LiveOne (NASDAQ: LVO), announced today that it has entered into a multi-year agreement for the exclusives sales and distribution rights to Fool Coverage with Manny MUA and Laura Lee. The Millennial and Gen Z favored influencer beauty gurus Manny and Laura Lee bring their top reviewed pop culture comedy podcast to PodcastOne for weekly episodes starting September 12, 2024.

“Been there, done that and lived to tell the tale on their own podcast. Manny and Laura are incredible at connecting with their devoted and ever growing audience. They, as a duo, have transcended their notoriety as influencers to become top notch and compelling podcast hosts and we are thrilled to welcome them to PodcastOne,” said Kit Gray, President of PodcastOne.

Light coverage, medium coverage, full coverage? Manny MUA and Laura Lee are here to bring you Fool Coverage. There’s nothing like them on the market. 100% unique and 1000% glamorous. OG social media influencers, beauty gurus, and absolute besties, Manny MUA and Laura Lee are bringing you advice about beauty and fashion, stories about running our successful businesses, and the inside info about living in the spotlight as social media stars. And tea, the hottest tea. All the juiciest gossip, about all the fools in the world. They’ve been canceled, they’ve been called fools themselves, but nothing is going to stop them from living our best lives. Tune in every week for new episodes of Fool Coverage.

Fool Coverage is available through PodcastOne, Apple Podcasts, Spotify, iHeart, Amazon and wherever podcasts are heard. PodcastOne’s full roster of top ranked podcasts includes programming across top genres such as news, comedy, true crime and society and culture, including shows such as The Adam Carolla Show, LadyGang, Baby Mamas No Drama, Varnamtown, The Prosecutors, Court Junkie, The Jordan Harbinger Show, Off the Vine with Kaitlyn Bristowe, Camp Counselors, and The Schaub Show.

About PodcastOne
PodcastOne (Nasdaq: PODC) is a Los Angeles based podcast network founded in 2012 by Kit Gray and Norm Pattiz providing creators and advertisers with a full 360-degree solution in sales, marketing, public relations, production, and distribution delivering over 2.1 billion downloads per year with a community of 250 of the top podcasters, including Adam Carolla, Kaitlyn Bristowe, Jordan Harbinger, LadyGang, A&E's Cold Case Files and Varnamtown. PodcastOne has built a distribution network reaching over 1 billion listeners a month across all of its own properties, LiveOne (Nasdaq: LVO), Spotify, Apple Podcasts, iHeartRadio, Samsung and over 150 shows exclusively available in Tesla vehicles. PodcastOne is also the parent company of LaunchpadOne, an innovative self-serve platform developed to launch, host, distribute and monetize independent user-generated podcasts. For more information, visit PodcastOne.com and follow us on Facebook, Instagram, YouTube and Twitter at @podcastone. For more investor information, please visit ir.podcastone.com/overview/default.aspx.

About LiveOne
Headquartered in Los Angeles, CA, LiveOne (Nasdaq: LVO) 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. LiveOne's wholly-owned subsidiaries include Slacker Radio, PodcastOne (Nasdaq: PODC), PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify and Splitmind. LiveOne is available on iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and through STIRR’s OTT applications. For more information, visit liveone.com and follow us on Facebook, Instagram, TikTok, YouTube and Twitter at @liveone. For more investor information, please visit ir.liveone.com.

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: LiveOne’s reliance on one key customer for a substantial percentage of its revenue; LiveOne’s and PodcastOne’s ability to consummate any proposed financing, acquisition, 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, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; PodcastOne’s ability to continue as a going concern; PodcastOne’s ability to attract, maintain and increase the number of its listeners; PodcastOne identifying, acquiring, securing and developing content; LiveOne’s intent to repurchase shares of its and/or PodcastOne’s common stock from time to time under LiveOne’s announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; LiveOne’s ability to maintain compliance with certain financial and other covenants; PodcastOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management’s relationships with industry stakeholders; uncertain and unfavorable outcomes in legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of PodcastOne, LiveOne and/or LiveOne’s other subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in PodcastOne’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 1, 2024, PodcastOne’s Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2024, filed with the SEC on August 13, 2024, and in PodcastOne’s other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and PodcastOne disclaims any obligation to update these statements, except as may be required by law. PodcastOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

Press Contacts:
For PodcastOne
310.246.4600
Susan@Guttmanpr.com

Investor Relations:
Jason Assad
678-570-6791
jwassad@podcastone.com

FAQ

What podcast did PodcastOne (PODC) acquire rights to?

PodcastOne acquired exclusive multi-year sales and distribution rights to 'Fool Coverage with Manny MUA and Laura Lee'.

When will Fool Coverage start airing on PodcastOne (PODC)?

Fool Coverage will start airing weekly episodes on PodcastOne starting September 12, 2024.

How many new podcasts has PodcastOne (PODC) added recently?

PodcastOne has added 17 new podcasts this fiscal year and 45 in the last 12 months.

What is the total number of downloads for PodcastOne's (PODC) network?

PodcastOne's network has achieved 3.8 billion all-time downloads.