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LiveOne (Nasdaq: LVO) to Stream BKFC Ice Wars' “Battle of the Border” USA vs. Canada Fight Night in Over 200 Countries
Globenewswire· 2025-06-12 12:00
Core Insights - LiveOne has announced a partnership with BKFC Ice Wars for the "Battle of the Border" event, which will feature combat sports in a unique ice fighting format [1][3] - The event will take place on June 18, 2025, showcasing ten bouts between elite fighters from the USA and Canada in a specially designed 900-square foot ice enclosure [2][5] - LiveOne's streaming platform has a significant reach, with over 200 million viewers and more than 5 billion fan engagements across 220 countries, enhancing the visibility of BKFC Ice Wars [3] Company Overview - LiveOne is a creator-first music, entertainment, and technology platform headquartered in Los Angeles, CA, focusing on delivering premium experiences through memberships and live events [4] - The company operates several subsidiaries, including Slacker, PodcastOne, and LiveXLive, and is accessible on various platforms such as iOS, Android, and Roku [4] BKFC Ice Wars Overview - BKFC Ice Wars is the first promotion to hold legal and regulated hockey fights, featuring elite hockey enforcers in a unique combat sport format [5] - The organization is based in Michigan and aims to expand its audience through partnerships like the one with LiveOne [5]
LiveOne (Nasdaq: LVO) Appoints Steve Lehman as Vice Chairman
Globenewswire· 2025-06-09 12:00
Key Highlights: Notable Experience: Board member of Valkyrie Bitcoin ETF(Nasdaq) sold to CoinShares LOS ANGELES, June 09, 2025 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment, and technology platform, announced today the appointment of Steve Lehman as its Vice Chairman. Lehman will leverage his extensive background in business and finance having headed both Nasdaq and NYSE companies, as well as start-up businesses in the media, entertainment, and tech industr ...
LiveOne (NASDAQ: LVO) and Subsidiary PodcastOne (Nasdaq: PODC) Appoint Canary Capital's Steve McClurg as Chief Advisor to CEO Rob Ellin
Globenewswire· 2025-06-06 16:44
Core Insights - LiveOne has appointed Steve McClurg as Chief Advisor, leveraging his extensive experience in crypto, blockchain, tokenization, and capital markets to drive strategic growth [1][2] - The company aims to enhance its digital asset innovation, monetize podcast assets, and integrate into institutional markets under McClurg's guidance [1][2] Company Overview - LiveOne is headquartered in Los Angeles, CA, and operates as a creator-first music, entertainment, and technology platform, providing premium experiences and content globally through memberships and live and virtual events [3] - The company's subsidiaries include Slacker, PodcastOne, PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind, and it is accessible on various platforms including iOS, Android, Roku, and Spotify [3] Strategic Focus - The appointment of McClurg is seen as a significant step towards accelerating LiveOne's mission to enter digital markets, with a strong emphasis on podcasting and digital assets [2] - McClurg's background includes advising on blockchain initiatives and structuring tokenized investment vehicles, which aligns with LiveOne's goals in digital asset treasury strategies [5]
LiveOne (NASDAQ: LVO) to Announce Fiscal Year 2025 Financial Results and Host Investor Webcast on Wednesday, June 18, 2025
Globenewswire· 2025-06-05 14:21
Core Viewpoint - LiveOne is set to announce preliminary financial results for FY25 on June 18, 2025, highlighting its focus on creator-first music and entertainment experiences [1] Company Overview - LiveOne, headquartered in Los Angeles, is a music, entertainment, and technology platform that offers premium experiences through memberships and events [3] - The company operates several subsidiaries, including Slacker, PodcastOne, and LiveXLive, and is accessible on various platforms such as iOS, Android, and Roku [3] Financial Performance - LiveOne reaffirms audio revenue of over $108 million and adjusted EBITDA of over $16 million for FY25 [5] - The company has improved efficiency by leveraging AI technology, launching over 25 new radio stations, and reducing Slacker's staff by one-third, achieving an additional $1.3 million in cost savings [5] Strategic Focus - The integration of AI is aimed at scaling and personalizing programming while maintaining human-centered curation and storytelling [2]
LiveOne (Nasdaq: LVO) Closes $16.775M Debt Financing, Convertible at $2.10 Per Share, Led by Funds Advised by JGB Management, Inc. and Other Investors
GlobeNewswire News Room· 2025-05-22 12:00
Financial Moves - LiveOne has closed a $27.775 million senior secured convertible notes financing, drawing down $16.775 million on May 19, 2025, with the potential to draw an additional $11 million based on financial performance conditions [1][2] - The convertible notes convert into shares at a price of $2.10 per share, strengthening LiveOne's balance sheet and funding strategic growth initiatives [1][2] - A portion of the net proceeds was used to fully pay off a $7 million loan from East West Bank and $4 million in short-term payables [5] Planned Initiatives - The financing is seen as a major milestone for LiveOne, allowing the company to optimize its capital structure and focus on growth and profitability [2] - LiveOne aims to grow and close up to 75 B2B partnerships, convert additional Tesla subscribers, and pursue M&A opportunities [5] - The company plans to expand its AI and data mining capabilities to monetize a database of 60 million users and grow its current 1.5 million subscribers and ad-supported users [5]
LiveOne's (Nasdaq LVO) Splitmind Subsidiary Contributes to 15 BET and AMA Nominations for SZA and GloRilla
Globenewswire· 2025-05-16 14:15
Group 1 - LiveOne's subsidiary Splitmind has contributed to significant music production, including SZA's "SOS" album, which has sold over 6 million units and achieved over 100 million streams on Billboard-topping singles, generating substantial recurring revenues [1] - The production efforts of Splitmind have also led to a combined total of 15 nominations for SZA and GloRilla at the BET and AMA awards [1] - LiveOne is a creator-first platform focused on delivering premium music and entertainment experiences globally through various subsidiaries and services [2] Group 2 - LiveOne operates multiple subsidiaries, including Slacker, PodcastOne, and Splitmind, and is accessible on various platforms such as iOS, Android, Roku, and Spotify [2] - The company emphasizes its commitment to enhancing user experiences through memberships and live and virtual events [2]
LiveOne (NASDAQ: LVO) and Elevate Partner to Launch Reality Games on YouTube, Anticipating 1 Billion Impressions
Globenewswire· 2025-05-05 15:00
Group 1 - LiveOne announced the live streaming of the first annual Reality Games, an Olympic-style competition featuring stars from popular reality shows [1][2] - The event will take place in the second half of 2025 and will be streamed via LiveOne, with details to be announced on social platforms [2] - LiveOne's subsidiaries include PPVOne, which has conducted over 250 livestreams to more than 200 countries, generating over $30 million in revenue and $5 million in EBITDA [5] Group 2 - LiveOne is a creator-first platform focused on music, entertainment, and technology, providing premium experiences through memberships and live events [3] - The company has a significant social reach, with a combined audience exceeding 200 million [1] - LiveOne's notable events include major festivals and high-profile matches, showcasing talent like Taylor Swift and Drake [5]
LiveOne (Nasdaq: LVO) Explores Strategic Options After $207M Napster Sale
Globenewswire· 2025-04-30 14:15
Core Viewpoint - LiveOne is exploring strategic options following the $207 million sale of Napster, believing its current stock valuation does not reflect its intrinsic value [1][2]. Company Overview - LiveOne is a creator-first music, entertainment, and technology platform headquartered in Los Angeles, CA, with subsidiaries including Slacker, PodcastOne, and others [3]. - The company focuses on delivering premium experiences and content through memberships and live and virtual events [3]. Financial Highlights - LiveOne's market capitalization is $72.1 million [5]. - Expected revenues for Fiscal Year 2025 are projected to exceed $112 million, with the audio division contributing over $108 million and an adjusted EBITDA of $16 million [5]. - The company has $6 million remaining in its share buyback program [5]. - LiveOne has over $50 million in B2B partnerships and is exploring inbound M&A opportunities for itself and its subsidiaries [5].
LiveOne (Nasdaq: LVO) Presenting Critical Milestone Subscriber Update Today at Trump Mar-a-Lago
Newsfilter· 2025-04-17 12:00
Core Insights - LiveOne, an award-winning music and entertainment platform, is hosting an investor meeting at Trump Mar-a-Lago on April 17, 2025, led by Chairman and CEO Robert Ellin [1][2] Company Overview - LiveOne is headquartered in Los Angeles, CA, and focuses on delivering premium experiences and content through memberships and live/virtual events [2] - The company operates several subsidiaries, including Slacker, PodcastOne, PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind [2] Business Updates - Total subscribers have exceeded 1.5 million, with ad-supported users increasing by over 800,000 since January 31, 2025 [4] - Recent B2B partnerships have generated over $2 million in revenue since April 1, 2025, with expectations to exceed $50 million for the year [4] - Partnerships include Amazon, Dax, a Fortune 250 streaming company, and TextNow, with over 75 potential partnerships in the pipeline [4]
LiveOne(LVO) - 2025 Q4 - Annual Results
2025-06-18 12:30
Financial Results Announcement - LiveOne, Inc. announced preliminary financial results for the fiscal year ended March 31, 2025, with estimates subject to change[5]. - The company is finalizing its financial results, and the preliminary unaudited results may vary from the final results[6]. - The estimated preliminary financial information has not been audited or reviewed by the independent accounting firm, Macias Gini & O'Connell LLP[8]. - The financial closing procedures for the fiscal year are not yet complete, indicating potential adjustments to the reported figures[6]. Non-GAAP Measures - The press release includes EBITDA as a non-GAAP financial measure, which management believes provides important insights into ongoing business performance[7]. - The company does not intend for non-GAAP measures to be considered in isolation from GAAP measures[7]. Compliance and Classification - The company emphasizes that the preliminary results should not be viewed as a substitute for full financial statements prepared in accordance with GAAP[6]. - The company is not classified as an emerging growth company under the Securities Act[4]. - The information provided is not deemed "filed" under the Securities Exchange Act of 1934[9]. Press Release Details - The press release is dated April 7, 2025, and is attached as Exhibit 99.1[11].