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PodcastOne (Nasdaq: PODC) Adds Tactful Pettiness Podcast to Its Network

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PodcastOne (NASDAQ: PODC) announced the addition of a new podcast, Tactful Pettiness, to its network. Hosted by Cody Rigsby and Andrew Chappelle, this cultural comedy podcast will debut on June 20, 2024, with new episodes airing every Thursday. PodcastOne will manage exclusive distribution, sales rights, and production.

This marks the 8th new podcast added to PodcastOne's network this fiscal year and the 39th in the past 12 months. The company now hosts 184 shows in total. The combined social following of the hosts exceeds 2 million.

Cody Rigsby is known for his work with Peloton and as a New York Times Best Selling Author, while Andrew Chappelle has a notable career on Broadway and in film. Both bring significant followings and diverse talents to the new venture.

PodcastOne, a subsidiary of LiveOne (NASDAQ: LVO), claims a reach of over 1 billion listeners per month and offers over 2.1 billion downloads annually.

Positive
  • Addition of 8 new podcasts this fiscal year.
  • Total of 184 shows on PodcastOne network.
  • Hosts Cody Rigsby and Andrew Chappelle have a combined social following of over 2 million.
  • PodcastOne's network reaches over 1 billion listeners per month.
  • PodcastOne delivers over 2.1 billion downloads annually.
  • Cody Rigsby's wide brand association and media profile could attract new listeners.
  • Andrew Chappelle's diverse background in entertainment adds value to the podcast.
Negative
  • Potential market saturation with the addition of the 39th podcast in the past 12 months.
  • Heavy reliance on the popularity of hosts to drive the podcast's success.
  • No financial metrics provided about the expected revenue from the new show.
  • Increased production and distribution costs with expanded podcast lineup.

- Hosted by Cody Rigsby and Andrew Chappelle

- 8th New Podcast Joining PodcastOne Network This Fiscal Year, 39th In Last 12 Months

- Total of 184 Shows on the PodcastOne Network

- Combined Social Following of Hosts Exceeds 2 Million Followers

LOS ANGELES, June 17, 2024 (GLOBE NEWSWIRE) -- PodcastOne (NASDAQ: PODC), a leading podcast platform and a subsidiary of LiveOne (NASDAQ: LVO), announced today its newest podcast Tactful Pettiness, a cultural comedy podcast from friends and co-hosts Cody Rigsby and Andrew Chappelle. PodcastOne will oversee the exclusive distribution, sales rights and production of the weekly podcast which will debut on June 20, 2024 across all major podcasting platforms, with new episodes dropping every Thursday.

New York Times Best Selling Author and fitness icon, Cody Rigsby along with Broadway heartthrob and filmmaker Andrew Chappelle have A LOT of opinions… from grape jelly to flip flops in public. They’ve mastered throwing shade (with intention) and will now share everything they know about the fine art of Tactful Pettiness. Join Cody & Andrew each week as they traverse the pop culture world, chat with their celebrity friends, dish out relationship advice and show you how to accept yourself without taking life too seriously. Stay petty bestie…

Said Rigsby and Chappelle: “We’ve been close friends for well over a decade now and are so excited to do this show together! We figured we spend so much time being tactfully petty already, we might as well mic up and invite y’all in on the fun. Our audience can look forward to a hilarious, irreverent, edgy and passionate podcast to brighten their lives!”

“Cody and Andrew won us over from our very first conversation about developing a podcast. Their enthusiasm and energy is infectious and their quick takes are hilarious. We cannot wait to introduce some Tactful Pettiness into the world of podcasting,” said Kit Gray, President and Co-Founder of PodcastOne.

You know beloved fitness instructor Cody Rigsby from your Peloton screens as the king of pop culture and hot takes and as the ultimate relationship guru. He was the second-runner up on the 30th season of Dancing with Stars, and he co-hosted the GLAAD Media Awards. He recently added New York Times Best Selling Author to the resume with his debut book, XOXO, CODY: An Opinionated Homosexual’s Guide to Self-Love, Relationships, and Tactful Pettiness. Rigsby has been the face of numerous brands, including Adidas, Google, McDonald’s, The Lego Store, Capital One, Vital Proteins, Chobani, Therabody, Chipotle, Gatorade and more. He has been profiled by the LA Times, Good Morning America, TODAY, People, The Washington Post, The New York Times, Vogue, GQ, Forbes, Vox, Us Weekly, Time and many more. He is currently on a multi-city tour of his book XOXO, Cody and permanently resides in Brooklyn, New York.

Chappelle is a queer, Black, and Indigenous creator, born and raised in Los Angeles, California. In 2022, Andrew wrote and produced "FANATIC," a short film directed by Taran Killam that made its rounds in the 2023 festival season. "FANATIC" achieved official selections at the Palm Springs International ShortFest, Outfest, NewFest, InsideOut and Provincetown International Film Festivals. It also won the LGBTQ Audience Award at the 2023 SCAD Film Festival, in addition to Best Comedy at the London Worldwide Comedy Festival and Atlanta Shorts. Andrew will make his directorial debut in his upcoming film “I’M GONNA KILL YOU.” “IGKY” was awarded a production grant sponsored by Netflix after winning the “Pitch Please” competition at InsideOut. More recently, he appeared in the first two seasons of the critically acclaimed Starz series "BLINDSPOTTING" as the sharp-tongued and lovable character "Scotty." He also played the role of spitfire felon "JLo" in Showtime's "ESCAPE AT DANNEMORA" opposite Paul Dano and Benicio Del Toro, directed by Ben Stiller. Furthermore, he guest-starred on "MOESHA" and Amazon's "THE TICK." On Broadway, Andrew is renowned as an original company member of "HAMILTON," where he completed a historic five-year run in the Pulitzer Prize and Tony Award-winning production. He is featured on the certified Diamond and Grammy Award-winning album. His other Broadway credits include "& JULIET" and "MAMMA MIA." He currently resides in New York with his rescue dog, Patti LuBone.

Rigsby and Chappelle were represented in the deal by Gersh and Weinstein Senior.

Tactful Pettiness 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, Baby Mamas No Drama, Varnamtown, The Prosecutors, Court Junkie, The Jordan Harbinger Show, Off the Vine with Kaitlyn Bristowe, LadyGang, 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, Inc.
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, spin-out, special dividend, merger, distribution or transaction, including the spin-out of LiveOne’s pay-per-view business, 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, spin-out, 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 LiveOne and/or its other subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in PodcastOne’s Special Financial Report on Form 10-K for the fiscal year ended March 31, 2023, filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 29, 2023, Quarterly Report on Form 10-Q for the quarter year ended December 31, 2023, filed with the SEC on February 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

When will the Tactful Pettiness podcast debut?

The Tactful Pettiness podcast will debut on June 20, 2024.

Who are the hosts of the Tactful Pettiness podcast?

The podcast is hosted by Cody Rigsby and Andrew Chappelle.

How many new podcasts has PodcastOne added this fiscal year?

PodcastOne has added 8 new podcasts this fiscal year.

What is the total number of shows on PodcastOne's network?

PodcastOne's network now hosts a total of 184 shows.

What is the combined social following of the Tactful Pettiness hosts?

The combined social following of Cody Rigsby and Andrew Chappelle exceeds 2 million.

How often will new episodes of Tactful Pettiness be released?

New episodes of Tactful Pettiness will be released every Thursday.

What is PodcastOne's monthly listener reach?

PodcastOne's network reaches over 1 billion listeners per month.

How many downloads does PodcastOne deliver annually?

PodcastOne delivers over 2.1 billion downloads annually.

PodcastOne, Inc.

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