via NewMediaWire -- PodcastOne (NASDAQ: PODC), a leading podcast
platform and a subsidiary of LiveOne (NASDAQ: LVO), announced today
the appointment of Carolyn Blackwood to its Board of Directors.
“We are thrilled to welcome Carolyn Blackwood, a 25+ year
industry veteran, to our esteemed board. Her proven track record of
unprecedented success in the entertainment industry speaks volumes.
With her strategic insights and deep relationships, we look forward
to her contributions in expanding our slate of original programming
and driving the sale of our IP and scripted series to
networks.”
Chief Revenue Officer, Sue McNamara continues; “Her appointment
shows our company’s commitment to diversifying our board and
escalating women executives.”
“I am thrilled to be part of the dynamic team at PODC. The
opportunity to contribute to shaping the future of our content
landscape is invigorating. My vision centers around fostering
creativity, nurturing talent, and delivering captivating narratives
to audiences worldwide. Together, we’ll elevate PODC’s original
programming, with a proven following and sponsorship, forge
strategic alliances, and create a legacy of entertainment
excellence,” commented Carolyn Blackwood.
About PodcastOne
PodcastOne (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, A&E's Cold Case Files and Varnamtown.
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. For more investor information,
please visit ir.podcastone.com/overview/default.aspx.
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.
LiveOne's wholly-owned subsidiaries include Slacker Radio,
PodcastOne (Nasdaq: PODC), PPVOne, Palm Beach Records, 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 Twitter at @liveone. For more
investor information, please visit ir.liveone.com.
Forward-Looking Statements
All 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 the spin-out of 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 listeners; PodcastOne 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; PodcastOne 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 and/or its
other subsidiaries; and other risks, uncertainties and factors
including, but not limited to, those described in PodcastOne’s
Special Financial 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 December 31, 2023, filed with the
SEC on February 13, 2024, 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 PodcastOne310.246.4600
Susan@Guttmanpr.com
Investor Relations:Jason
Assad678-570-6791jwassad@podcastone.com
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