via NewMediaWire
- PodcastOne (NASDAQ: PODC), a leading
podcast platform and a subsidiary of LiveOne (NASDAQ: LVO),
announced today that it acquired the exclusive sales and
distribution rights, as well as certain ownership and IP/derivative
rights, to a top true crime podcast, The Opportunist. The
Opportunist has been lauded as “Best Of” by media outlets such as
Vulture, Mashable, Paste Magazine and Digiday since its 2021 debut.
The Opportunist is an investigative podcast that
focuses on the true stories of regular people who turn sinister by
embracing opportunity. How does an everyday person turn into a
thief, a scam artist or a cult leader? Perhaps the most dangerous
person is the one who appears the most normal? Perhaps there is a
dark potential lurking inside all of us, just waiting for the right
opportunity to emerge. With 71 episodes across 8 seasons released
to date, The Opportunist, was one of the top 20 most downloaded new
podcasts according to Podtrac in 2021.
“The Opportunist is an incredible complement to
our existing slate of award-winning true crime podcast programming.
There is no more fitting time than now to debut the show on our
network. We look forward to growing the show’s existing audience,”
said Kit Gray, President and Co-Founder of PodcastOne.
PodcastOne’s full roster of top ranked podcasts
includes programming across top genres such as news, comedy, true
crime and society and culture and including shows such as True
Crime All The Time Unsolved, The Prosecutors, Court Junkie, Cold
Case Files, I Survived, I’ve Had It, Baby Mamas No Drama, The Adam
Carolla Show, and The Schaub Show. PodcastOne shows are available
through PodcastOne, Apple Podcasts, Spotify, iHeart, Amazon and
wherever podcasts are heard.
About PodcastOnePodcastOne (Nasdaq: PODC)
is a Los Angeles based podcast network founded in 2012 by Kit Gray
and Norm Pattiz providing creators and advertisers with a full
360-degree solution in sales, marketing, public relations,
production, and distribution delivering over 2.1 billion downloads
per year with a community of 250 of the top podcasters, including
Adam Carolla, Kaitlyn Bristowe, Jordan Harbinger, LadyGang, I’ve
Had It, and A&E's Cold Case Files. PodcastOne has built a
distribution network reaching over 1 billion listeners a month
across all of its own properties, LiveOne (Nasdaq: LVO), Spotify,
Apple Podcasts, iHeartRadio, Samsung and over 150 shows exclusively
available in Tesla vehicles. PodcastOne is also the parent company
of LaunchpadOne, an innovative self-serve platform developed to
launch, host, distribute and monetize independent user-generated
podcasts. For more information, visit podcastone.com and follow us
on Facebook, Instagram, YouTube and Twitter at @podcastone.
About LiveOne, Inc.Headquartered in Los
Angeles, CA, LiveOne (Nasdaq: LVO) is 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. The Company's
wholly-owned subsidiaries include Slacker Radio, PodcastOne
(Nasdaq: PODC), PPVOne, Gramophone Media, Palm Beach Records, CPS,
LiveXLive, Drumify and Splitmind. LiveOne is available on iOS,
Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV,
and through STIRR’s OTT applications. For more information, visit
liveone.com and follow us on Facebook, Instagram, TikTok, YouTube
and Twitter at @liveone.
Forward-Looking StatementsAll statements
other than statements of historical facts contained in this press
release are “forward-looking statements,” which may often, but not
always, be identified by the use of such words as “may,” “might,”
“will,” “will likely result,” “would,” “should,” “estimate,”
“plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,”
“believe,” “seek,” “continue,” “target” or the negative of such
terms 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:
LiveOne’s reliance on one key customer for a substantial percentage
of its revenue; LiveOne’s and PodcastOne’s ability to consummate
any proposed financing, acquisition, spin-out, special dividend,
merger, distribution or transaction, including LiveOne’s
pay-per-view business and the proposed merger of Slacker with Roth
CH Acquisition V Co. (the “Proposed Business Combination”), the
timing of the consummation of any such proposed event, including
the risks that a condition to the consummation of any such event
would not be satisfied within the expected timeframe or at all, or
that the consummation of any proposed financing, acquisition,
spin-out, merger, special dividend, distribution or transaction
will not occur or whether any such event will enhance shareholder
value; Slacker’s ability to list on a national exchange;
PodcastOne’s ability to continue as a going concern; PodcastOne’s
ability to attract, maintain and increase the number of its users
and paid members; PodcastOne identifying, acquiring, securing and
developing content; LiveOne’s intent to repurchase shares of its
and PodcastOne’s common stock from time to time under LiveOne’s
announced stock repurchase program and the timing, price, and
quantity of repurchases, if any, under the program; PodcastOne’s
ability to maintain compliance with certain financial and other
covenants; PodcastOne successfully implementing its growth
strategy, including relating to its technology platforms and
applications; management’s relationships with industry
stakeholders; the effects of the global Covid-19 pandemic;
uncertain and unfavorable outcomes in legal proceedings; changes in
economic conditions; competition; risks and uncertainties
applicable to the businesses of PodcastOne’s subsidiaries; and
other risks, uncertainties and factors including, but not limited
to, those described in PodcastOne’s Annual Report on Form 10-K for
the fiscal year ended March 31, 2023, filed with the U.S.
Securities and Exchange Commission (the “SEC”) on June 29, 2023,
Quarterly Report on Form 10-Q for the quarter year ended June 30,
2023, filed with the SEC on August 15, 2023, and in PodcastOne’s
other filings and submissions with the SEC. These forward-looking
statements speak only as of the date hereof, and PodcastOne
disclaims any obligation to update these statements, except as may
be required by law. PodcastOne intends that all forward-looking
statements be subject to the safe-harbor provisions of the Private
Securities Litigation Reform Act of 1995.
No Offer or SolicitationThis
communication does not constitute a proxy statement or solicitation
of a proxy, consent, vote or authorization with respect to any
securities or in respect of the Proposed Business Combination and
shall not constitute an offer to sell or exchange, or a
solicitation of an offer to buy or exchange any securities, nor
shall there be any sale, issuance or transfer of any such
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such state or
jurisdiction. No offer of securities shall be made except by means
of a prospectus meeting the requirements of Section 10 of the
Securities Act of 1933, as amended, or an exemption therefrom.
Press Contacts:
For PodcastOne 310.246.4600
Susan@Guttmanpr.com
PodcastOne (NASDAQ:PODC)
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