- \n
- LiveOne Plus annual price increased to $39.99 (a $4 per subscriber increase)<\/li>\n
- LiveOne Premium monthly price increased to $10.99 (a $1 per subscriber increase)<\/li>\n
- Price adjustments will support future product innovation and enhanced content experiences<\/li>\n<\/ul>\n
LOS ANGELES, Sept. 06, 2024 (GLOBE NEWSWIRE) — \u00a0LiveOne (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.<\/p>\n
“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. \u201cWe 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.”<\/p>\n
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.<\/p>\n
About LiveOne<\/strong>
Headquartered in Los Angeles, CA, LiveOne (Nasdaq: LVO<\/a>) 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<\/a>), 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\u2019s OTT applications. For more information, visit liveone.com<\/a>\u00a0and follow us on Facebook<\/a>, Instagram<\/a>, TikTok<\/a>, YouTube<\/a>\u00a0and X at @liveone<\/a>. For more investor information, please visit ir.liveone.com<\/a>.<\/p>\nForward-Looking Statements<\/strong>
All statements other than statements of historical facts contained in this press release are \u201cforward-looking statements,\u201d which may often, but not always, be identified by the use of such words as \u201cmay,\u201d \u201cmight,\u201d \u201cwill,\u201d \u201cwill likely result,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201cestimate,\u201d \u201cplan,\u201d \u201cproject,\u201d \u201cforecast,\u201d \u201cintend,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cseek,\u201d \u201ccontinue,\u201d \u201ctarget\u201d 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\u2019s reliance on one key customer for a substantial percentage of its revenue; LiveOne\u2019s 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\u2019s ability to continue as a going concern; LiveOne\u2019s ability to attract, maintain and increase the number of its users and paid members; LiveOne identifying, acquiring, securing and developing content; LiveOne\u2019s intent to repurchase shares of its and\/or PodcastOne\u2019s common stock from time to time under LiveOne\u2019s announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; LiveOne\u2019s 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\u2019s 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\u2019s subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in LiveOne\u2019s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, filed with the U.S. Securities and Exchange Commission (the \u201cSEC\u201d) on July 1, 2024, and in LiveOne\u2019s 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.<\/p>\nLiveOne IR Contact:<\/strong>
Liviakis Financial Communications, Inc.
(415) 389-4670
john@liviakis.com<\/a><\/p>\nLiveOne Press Contact:<\/strong>
LiveOne
press@liveone.com<\/a><\/p>\n
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