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LOS ANGELES, 28 October 2021 / PRNewswire / – LiveOne (Nasdaq: LVO), a global live and on-demand streaming platform for audio, video and podcast / vodcast content in the fields of music, comedy and pop culture, and owner of LiveXLive, PodcastOne, Lazy radio, React present, Gramophone media and Custom Personalization Solutions, will hold a press conference for the media, and existing shareholders and analysts are invited to watch and listen, on Thursday, November 4 To 4:15 p.m. ET/1:15 p.m. PT. LiveOne is expected to announce the evolution of its business model by launching in calendar year 2022.
Chairman and CEO of LiveOne Robert ellin is scheduled to discuss what the company believes to be a groundbreaking corporate initiative for the 2022 calendar and will host a media question-and-answer session immediately following the presentation. Connection / zoom details to follow.
LiveOne has the first talent-centric platform focused on superfans and building long-term franchises in audio and video on demand, podcasting, vodcasting, OTT linear channels, pay-per-view and live broadcasting. Its model includes multiple monetization paths including subscription, advertising, sponsorship, merchandise sales, licensing, and ticketing. LiveOne has raised its revenue forecast for its 2022 fiscal year based on the strength of its core businesses.
About LiveOne, Inc.
Based at Los Angeles, California, LiveOne, Inc. (NASDAQ: LVO) (the “Companyâ€) is a global interactive music, sports and entertainment subscription platform, offering premium content and live broadcasts from the world’s best artists. The Company has broadcast more than 1,800 artists since January 2020, a library of nearly 30 million songs, 500 expert curated radio stations, 235 podcasts / vodcasts, hundreds of pay-per-views, personalized products, an NFT business and has created a valuable link between brands , fans and bands. The other major wholly owned subsidiaries of the Company are LiveXLive, PPVOne, Lazy radio, React present, Gramophone media, personalized customization solutions and PodcastOne which generates more than 2.48 billion downloads per year and more than 300 episodes distributed per week on a stable of hundreds of leading podcasts. The combination of acquisitions and the expansion of products and franchises has made LiveOne a leading music, entertainment and media services company. LiveXLive is available on iOS, Android, Roku, Apple TV, and Amazon Fire, and through OTT, STIRR, Sling, and XUMO, in addition to its app, online website, and social channels. For more information visit www.livexlive.com and follow us on Facebook, Instagram, TIC Tac, and Twitter at @livexlive.
Forward-looking statements
All statements other than statements of historical fact contained in this press release are “forward-looking statements”, which can often, but not always, be identified by the use of words such as “could”, “could”, ” will be “,” will probably result “,” should “,” should “,” estimate “,” plan “,” project “,” foresee “,” intend “,” expect “,” anticipate “,” believe â€,“ seek â€,“ continue â€,“ target â€or the negative of these 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: dependence from the Company to a key client for a substantial percentage of its revenues; the Company’s ability to carry out any financing, acquisition, spin-off, distribution or transaction project, the timing of the closing of such a proposed event, including the risks that a closing condition may be not completed within the expected timeframe or not at all, or that the closing of any proposed financing, acquisition, spin-off, distribution or transaction will not take place or if such event will increase shareholder value; the Company’s ability to continue to operate; the Company’s ability to attract, maintain and increase the number of its paying users and subscribers; the Company identifying, acquiring, securing and developing content; the Company’s intention to repurchase shares of its common stock from time to time as part of its announced share repurchase program and the timing, price and quantity of repurchases, if any, in connection with the program ; the Company’s ability to maintain compliance with certain financial and other covenants; the Company is successfully implementing its growth strategy, particularly with regard to its technological platforms and applications; management’s relationships with industry stakeholders; the effects of the global Covid-19 pandemic; changes in economic conditions; competetion; the risks and uncertainties applicable to the activities 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 year ended March 31, 2021, filed with the United States Securities and Exchange Commission (the “SECâ€) on July 14, 2021, Quarterly report on Form 10-Q for the quarter ended June 30, 2021, filed with the SEC on August 16, 2021, 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 obligation to update such statements, except as 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.
Press contact:
LiveOne
Aileen Budow
aileen@livexlive.com
917.842.9653
Aaron Avidon
aavidon@livexlive.com
516.522.1349
Contact IR LiveOne:
ir@liveone.com
310.601.2505
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SOURCE LiveOne, Inc.
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