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, Lost In Panama. Named a “Top
10 True Crime Podcast” by Mashable, Lost In Panama launched in 2022
and was the 22nd largest new podcast across all genres during that
year.
Lost In Panama season 1 told the story of two
Dutch friends Lisanne Froon and Kris Kremers who disappeared in
2014 while hiking on a jungle trail in Panama. Two months later,
investigators found their remains, as well as a backpack with a
digital camera filled with photos that hinted at a darker story.
What happened to Kris and Lisanne? In this investigative series,
journalists Mariana Atencio and Jeremy Kryt retrace the last steps
of the doomed women. Their search for the truth immerses them in
eight years’ worth of conflicting evidence, testimonies, and
rumors, as on-the-ground witnesses in Panama come forward for the
first time. This explosive new evidence sets off a real-time race
to reopen the case and finally get justice for Kris and
Lisanne.
The anthology series, returning in May 2024,
will continue to explore complex missing persons cases where
initial appearances deceive and there is more going on than meets
the eye.
“We continue our stated strategy of rolling up
the fragmented podcast industry to deliver the best podcast library
with the lowest cost per acquisition. We are excited and look
forward to more announcements in the near future,” 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 The
Opportunist, Vigilante, True Crime All The Time Unsolved, The
Prosecutors, Court Junkie, Cold Case Files, I Survived, Baby Mamas
No Drama, The Adam Carolla Podcast, 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, 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, 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; 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.
Press Contacts:
For
PodcastOne310.246.4600Susan@Guttmanpr.com
PodcastOne (NASDAQ:PODC)
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