Business
LiveOne Projects Total Premium Memberships Expected to Surpass 3 Million by Year End with ARPU Exceeding $3.00 per Month
4,000,000 Total Members This YearLiveOne's 9th Year Partnering with Tesla Fuels Explosive Automotive Growth, Adding 350K Paid Members Since Jan. 1stExpands
About this update from Liveone, Inc.
[{"type":"text","content":" 4,000,000 Total Members This YearLiveOne's 9th Year Partnering with Tesla Fuels Explosive Automotive Growth, Adding 350K Paid Members Since Jan. 1stExpands Distribution of PodcastOne from 1 Million to over 1.4 Million AutomobilesLiveOne Accumulated 2.9 Million Shares in Buyback, $2.3 Million Remaining to Acquire LOS ANGELES, CA, June 16, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – LiveOne (Nasdaq: LVO), an award-winning, creator-first music, entertainment, and technology platform, announced today its total paid and ad-supported members have reached 3.1 Million, including over 2.2 million paid Members.** LiveOne's CEO and Chairman, Robert Ellin, commented, \"We are proud to continue our 9-year partnership with Tesla to deliver a streaming music service to Tesla owners consisting of a library of 30 million songs, 600 curated radio stations, and over 300 podcasts/vodcasts.” About LiveOne, Inc.Headquartered in Los Angeles, California, LiveOne, Inc. (NASDAQ: LVO) (the \"Company\") 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, a membership music streaming service, and PodcastOne, which generates more than 2.3 billion downloads per year, 350+ hours distributed weekly, and 14M+ monthly unique listeners. Nearly all new Tesla EVs sold in the U.S. come with a paid membership to LiveOne’s Slacker Radio (that now includes PodcastOne) which is paid by Tesla. As of March 3, 2023, the Company has accrued a paid and free ad-supported membership base of approximately 2.85 million**. The Company was awarded Best Live Moment by Digiday for its “Social Gloves” PPV Event, and has been a finalist for 8 more awards, including Best Live Event, Best Virtual Event, Best Overall Social Media Excellence, and Best Original Programming from Cynopsis and Digiday. As of February 9, 2023, the Company has streamed over 2,900 artists, has a library of 30 million songs, 600 curated radio stations, over 300 podcasts/vodcasts, hundreds of pay-per-views, personalized merchandise, released music-related NFTs, and created a valuable connection between fans, brands, and bands. The Company's other wholly-owned subsidiaries include PPVOne, Gramophone Media, Palm Be...