LiveOne (Nasdaq: LVO) and PodcastOne (Nasdaq: PODC) Promote Ryan Carhart to Chief Financial Officer

Core Insights - LiveOne has promoted Ryan Carhart to Chief Financial Officer, effective February 19, 2025, highlighting his strong financial discipline and relationships with analysts and bankers [1] - The company anticipates an additional $13 million in cost savings due to immediate actions taken by the new CFO, aiming for total cash savings exceeding$23 million [1] - LiveOne has successfully paid down $3.7 million of its$7 million loan from East West Bank and is in the process of refinancing the remaining debt to secure growth capital [1] Company Overview - LiveOne is a creator-first music, entertainment, and technology platform headquartered in Los Angeles, CA, with a focus on delivering premium experiences through memberships and events [2] - The company's subsidiaries include PodcastOne, Slacker, LiveXLive, and others, and it operates across various platforms including iOS, Android, and Roku [2] PodcastOne Insights - PodcastOne is a leading podcast platform with over 3.9 billion total downloads and a community of 200 top podcasters [3] - The platform has built a distribution network that reaches over 1 billion monthly impressions across channels like YouTube and Spotify [3]