LiveOne (NASDAQ:LVO) and Slacker Radio Partner with Legible to Launch "Book of the Month" Program

Core Insights - LiveOne, Inc. has announced a strategic collaboration with Legible Inc. to enhance the value for Slacker Radio's 4 million members by providing access to exclusive audiobook content [1][2][3] Group 1: Partnership Details - The collaboration will allow Slacker Radio members to access a 'Book of the Month' audiobook for free, curated by Legible's experts, starting in August [2][4] - This initiative aims to blend music with storytelling, enriching the listening experience for members [2][3] Group 2: Member Benefits - Members will receive a full-length audiobook each month at no additional cost, enhancing their overall experience [4] - Exclusive previews of a wide selection of audiobooks will be available, allowing members to discover new authors and genres [4][5] Group 3: Strategic Implications - The partnership positions LiveOne as a pioneer in integrating music and audiobooks, which is expected to drive increased engagement and attract new members [6] - This collaboration aligns with LiveOne's broader strategy to enhance member engagement and retention through added value [3][6] Group 4: Company Background - LiveOne, Inc. is a creator-first music, entertainment, and technology platform headquartered in Los Angeles, offering premium content through memberships and events [8] - Slacker Radio, owned by LiveOne, provides personalized music and entertainment streaming to millions of users [7][8] Group 5: Legible Inc. Overview - Legible Inc. specializes in eBooks and audiobooks, with a market opportunity exceeding billions of dollars, and has partnerships with major publishers [10] - The company is focused on reshaping the digital publishing landscape through innovative solutions and AI-powered enhancements [10]