LiveXLive

LiveOne Launches Wine Brand With R&B Hitmaker Jeremih and Acclaimed Winemaker Russell Bevan

Retrieved on: 
Friday, October 14, 2022
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The new division brings together R&B hitmaker Jeremih and acclaimed winemaker Russell Bevan with LiveOnes global community to launch LiveOne Brands first-ever white wine product line.

Key Points: 
  • The new division brings together R&B hitmaker Jeremih and acclaimed winemaker Russell Bevan with LiveOnes global community to launch LiveOne Brands first-ever white wine product line.
  • View the full release here: https://www.businesswire.com/news/home/20221014005318/en/
    LiveOne Launches Wine Brand With R&B Hitmaker Jeremih and Acclaimed Winemaker Russell Bevan (Photo: Business Wire)
    The new brand will be a unique white wine that targets a diverse audience at an accessible price point.
  • LiveOne and Jeremih are working with wine industry experts including Bevan, who has earned over 15 100-point wines - with an expected launch in 2023.
  • We are thrilled to collaborate with Jeremih and Russell Bevan to expand this innovative offering to our fans.

LIVEONE AND FOLGERS® PARTNER TO CELEBRATE NATIONAL COFFEE DAY WITH A "LIVE FROM NEW ORLEANS" MUSIC EVENT

Retrieved on: 
Tuesday, September 20, 2022
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The "Live from New Orleans with Folgers" music event will be at Rosie's on the Roof, and fans are invited to attend.

Key Points: 
  • The "Live from New Orleans with Folgers" music event will be at Rosie's on the Roof, and fans are invited to attend.
  • To start the day off right, Folgers will provide all attendees with a free coffee and a special gift bag full of merchandise from Folgers and LiveOne.
  • In addition, the event will be streamed on the LiveOne platform on National Coffee Day, Thursday, September 29, 2022, at 10 AM ET.
  • "We are proud to celebrate our fans, our hometown of New Orleans and National Coffee Day in partnership with LiveOne," said Emily Lucci, Director of Marketing, Folgers.

LiveOne to Hold Conference Call & Webcast to Introduce Management of LiveOne's Audio Division Wholly-Owned Subsidiaries, on Tuesday, September 13th at 2:00 p.m. ET/ 11:00 a.m. PT

Retrieved on: 
Tuesday, September 13, 2022
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LOS ANGELES, Sept. 13, 2022 /PRNewswire/ -- LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment and technology platform, announced today details of its webcast to introduce the senior management of its audio division wholly-owned subsidiaries.

Key Points: 
  • LiveOne is available on iOS, Android, Roku, Apple TV, Amazon Fire, and through OTT, STIRR, and XUMO.
  • For more information, visit www.liveone.com and follow us on Facebook , Instagram , TikTok , and Twitter at @liveone .
  • The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.
  • LiveOne is currently not recognizing revenue related to these members.

LIVEONE ANNOUNCES AUDIO DIVISION GUIDANCE OF $88 MILLION AND $17 MILLION IN ADJUSTED EBITDA FOR FISCAL YEAR 2023

Retrieved on: 
Friday, September 9, 2022
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PodcastOne continues to add amazing talent to its robust lineup of podcasts, which is attracting new top-tier advertisers and driving profitable revenue.

Key Points: 
  • PodcastOne continues to add amazing talent to its robust lineup of podcasts, which is attracting new top-tier advertisers and driving profitable revenue.
  • LiveOne also updated its company-wide guidance for Fiscal Year 2023 expected to be revenue between $126 million and $129 million and Adjusted EBITDA between $8 million and $11 million.
  • We use Contribution Margin (Loss) and Adjusted EBITDA to evaluate the performance of our operating segment.
  • Furthermore, this measure may vary among other companies; thus, Adjusted EBITDA as presented herein may not be comparable to similarly titled measures of other companies.

LIVEONE AND TCL PARTNER FOR DISTRIBUTION DEAL

Retrieved on: 
Thursday, August 25, 2022
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LOS ANGELES, Aug. 25, 2022 /PRNewswire/ -- LiveOne (Nasdaq: LVO), an award-winning creator-first, music, entertainment and technology platform, announced today its preloaded platform distribution partnership with TCL, one of the world's best-selling consumer electronics brands and leading technology companies. This distribution partnership includes LiveOne's Android application and membership pre-loaded onto selected TCL smartphones and tablets.

Key Points: 
  • LOS ANGELES, Aug. 25, 2022 /PRNewswire/ -- LiveOne (Nasdaq: LVO), an award-winning creator-first, music, entertainment and technology platform, announced today its preloaded platform distribution partnership with TCL, one of the world's best-selling consumer electronics brands and leading technology companies.This distribution partnership includes LiveOne's Android application and membership pre-loaded onto selected TCL smartphones and tablets.
  • "We are thrilled to be partnering with an innovative tech company like TCL," said Patrick Markel, Senior Director of Business Development and Strategic Partnerships of LiveOne.
  • LiveOne continues to expand its B2B partnership program with innovative partners such as Samsung, AoL, Tesla and McDonald's.
  • "We are excited to partner and add another global business leader to our growing portfolio of amazing partnerships, said Rob Ellin, CEO and Chairman of LiveOne.

LIVEONE'S GAMIFYONE PARTNERS WITH PICSART ON INTERNATIONAL POP ICON HARRY STYLES 'GREATEST ALBUM EVER' REPLAY CHALLENGE

Retrieved on: 
Wednesday, August 17, 2022
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LOS ANGELES, Aug. 17, 2022 /PRNewswire/ -- LiveOne (Nasdaq: LVO), 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, announced today that it has partnered with Picsart, the world's leading digital creation platform and a top 20 most downloaded app worldwide, for a Replay Challenge, where fans create and design artwork for LiveOne's "Greatest Album Ever" franchise. All fans submitting to the Replay Challenge will receive a free LiveOne Plus membership for three months. This partnership is anticipated to add new members to LiveOne's already-existing 2.3 million free and paid members**.

Key Points: 
  • All fans submitting to the Replay Challenge will receive a free LiveOne Plus membership for three months.
  • For this Replay Challenge, fans swap themselves for the one and only Harry Styles and add their own creative touch to stand out.
  • LiveOne and Picsart will select the top 5 winners on August 18th, the rest of the top 5 winners will be selected on community/fan votes.
  • LiveOne promoted the Replay Challenge across all social media channels and drove fans to participate and become the Star.

LiveOne Reports Q1 Fiscal 2023 Revenue of $23.2 Million and Maintains Guidance for Fiscal 2023 of Revenue Between $125 Million to $140 Million

Retrieved on: 
Thursday, August 11, 2022
U.S. Securities and Exchange Commission, Earnings before interest, taxes, depreciation and amortization, Roku, SEC, Marginal cost, Capital expenditure, Annual report, Adjustment, EBITDA, Instagram, Depreciation, OTT, Apple TV, Income, LiveXLive, Radio, Technology, Private Securities Litigation Reform Act, Amazon Fire tablet, PPV, Social media, Webcast, COVID-19, Software, Slacker, Non-fungible token, Table, STIRR, Compliance, Fiscal, Mission statement, TikTok, Acquisition, Program, Contribution margin, LVO, IOS, Cost, Company, Twitter, NASDAQ, Contribution, Android, GAAP, Novation Companies, Music, Bookkeeping, Bank, Insurance, Facebook, PodcastOne

Q1 Fiscal 2023 Operating Income was $0.2 million compared to a ($10.0) million loss in Q1 Fiscal 2022.

Key Points: 
  • Q1 Fiscal 2023 Operating Income was $0.2 million compared to a ($10.0) million loss in Q1 Fiscal 2022.
  • Q1 Fiscal 2023 Adjusted EBITDA* was $2.0 million, as compared to Q1 Fiscal 2022 Adjusted EBITDA* of a ($1.8) million loss.
  • Q1 Fiscal 2023 Adjusted EBITDA* was comprised of Operations Adjusted EBITDA* of $3.2 million and Corporate Adjusted EBITDA* of a ($1.2) million loss.
  • LiveOne is maintaining its previous guidance for Fiscal 2023 revenue of between $125 million - $140 million and increasing its Fiscal 2023 Adjusted EBITDA* guidance to between $7 million - $11 million.

LiveOne Announces Extension of East West Bank Credit Facility

Retrieved on: 
Thursday, August 4, 2022
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LOS ANGELES, Aug. 4, 2022 /PRNewswire/ -- LiveOne (Nasdaq: LVO), 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, announced today that East West Bank has extended LiveOne's $7 million secured revolving credit facility until June 2024 year.

Key Points: 
  • LOS ANGELES, Aug. 4, 2022 /PRNewswire/ -- LiveOne (Nasdaq: LVO), 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, announced today that East West Bank has extended LiveOne's $7 million secured revolving credit facility until June 2024 year.
  • LiveOne's CEO and Chairman, Robert Ellin, stated, "We appreciate our relationship with East West Bank and the confidence they are showing by extending the term of the credit facility, which increases our financial flexibility and liquidity.
  • LiveOne is available on iOS, Android, Roku, Apple TV, Amazon Fire, and through OTT, STIRR, and XUMO.
  • For more information, visit www.liveone.com and follow us on Facebook , Instagram , TikTok , and Twitter at @liveone .

LiveOne Engages Macias Gini & O'Connell, LLP as Its New Auditor

Retrieved on: 
Thursday, July 28, 2022
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LOS ANGELES, July 28, 2022 /PRNewswire/ -- LiveOne (Nasdaq: LVO), 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, announced today that effective as of July 25, 2022, it engaged Macias Gini & O'Connell, LLP as its new auditor.

Key Points: 
  • LiveOne plans to announce its operating and financial results for its first quarter ended June 30, 2022 by August 15, 2022.
  • The details for the conference call and audio webcast will be provided in a future press release.
  • LiveOne is available on iOS, Android, Roku, Apple TV, Amazon Fire, and through OTT, STIRR, and XUMO.
  • For more information, visit www.liveone.com and follow us on Facebook , Instagram , TikTok , and Twitter at @liveone .

LIVEONE EXPANDS "MUSIC LIVES" FRANCHISE TO UNIFY THE WORLD AROUND MUSIC AND PHILANTHROPIC INITIATIVES - "MUSIC GIVES" FESTIVAL

Retrieved on: 
Wednesday, July 27, 2022
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"Music Gives" is a brand-new franchise expanding from LiveOne's original franchise "Music Lives" and its philanthropic efforts.

Key Points: 
  • "Music Gives" is a brand-new franchise expanding from LiveOne's original franchise "Music Lives" and its philanthropic efforts.
  • Beginning with WRRAP, "Music Gives" will be a franchise that uses music as a catalyst for change and to benefit numerous charity organizations.
  • LiveOne aims to unify the world around live music while supporting causes that it passionately stands behind."
  • Music Lives has been committed to philanthropic initiatives, using music as the catalyst for change.