LiveOne (Nasdaq: LVO) Launched Price Increases for Plus and Premium Membership Plans
06 Setembro 2024 - 9:00AM
LiveOne (NASDAQ: LVO), an award-winning, creator-first music,
entertainment, and technology platform announced today a price
adjustment, effective immediately, for its Plus and Premium
membership plans. This change affects all new subscribers to
LiveOne Plus on an annual basis and all new monthly subscribers to
LiveOne Premium. As of today, LiveOne boasts over 4 million
ad-supported and paid members, positioning the company to leverage
the growth of the music streaming market which is expected to
increase from $35 billion to over $100 billion by 2030.
"Our latest price adjustment reflects the growing value of our
music streaming and enables us to continue driving product
innovation and deliver enhanced content experiences," said Robert
Ellin, CEO and Chairman of LiveOne. “We remain committed to
offering some of the most competitive pricing in the music industry
while providing an exceptional experience for our B2C and B2B
customers."
These changes will support LiveOne in maintaining a leading
position in the streaming industry while enhancing its ability to
provide high-quality, innovative content for music lovers and
superfans.
About LiveOneHeadquartered 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. LiveOne's subsidiaries include Slacker
Radio, PodcastOne (Nasdaq: PODC), PPVOne, CPS, LiveXLive, DayOne
Music Publishing, 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 X at @liveone. For more
investor information, please visit ir.liveone.com.
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 ability to consummate any proposed financing,
acquisition, spin-out, special dividend, merger, distribution or
transaction, 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; LiveOne’s ability to continue as a going
concern; LiveOne’s ability to attract, maintain and increase the
number of its users and paid members; LiveOne identifying,
acquiring, securing and developing content; LiveOne’s intent to
repurchase shares of its and/or 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; LiveOne’s ability to maintain compliance with certain
financial and other covenants; LiveOne successfully implementing
its growth strategy, including relating to its technology platforms
and applications; management’s relationships with industry
stakeholders; uncertain and unfavorable outcomes in legal
proceedings; changes in economic conditions; competition; risks and
uncertainties applicable to the businesses of LiveOne’s
subsidiaries; and other risks, uncertainties and factors including,
but not limited to, those described in LiveOne’s Annual Report on
Form 10-K for the fiscal year ended March 31, 2024, filed with the
U.S. Securities and Exchange Commission (the “SEC”) on July 1,
2024, and in LiveOne’s other filings and submissions with the SEC.
These forward-looking statements speak only as of the date hereof,
and LiveOne disclaims any obligation to update these statements,
except as may be required by law. LiveOne intends that all
forward-looking statements be subject to the safe-harbor provisions
of the Private Securities Litigation Reform Act of 1995.
LiveOne IR Contact:Liviakis Financial
Communications, Inc.(415) 389-4670john@liviakis.com
LiveOne Press
Contact:LiveOnepress@liveone.com
Follow LiveOne on social media: Facebook, Instagram, TikTok,
YouTube, and X at @liveone.
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