Business
LiveOne Subsidiary DayOne Music Publishing Acquires Majority Interest In Splitmind and Drumify
Adding 40,000 Copyrights and 2 Billion Streams to Its Catalog Library Includes Songs From Drake, Anuel AA, Chris Brown, Kodak Black, YoungBoy Never Broke
About this update from Liveone, Inc.
[{"type":"text","content":"Adding 40,000 Copyrights and 2 Billion Streams to Its Catalog Library Includes Songs From Drake, Anuel AA, Chris Brown, Kodak Black, YoungBoy Never Broke Again and More LOS ANGELES, CA, Feb. 28, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment and technology platform, announced today that its subsidiary, DayOne Music Publishing acquired a majority interest in Splitmind, a critically-acclaimed Los-Angeles-based music collective of producers and writers from all over the world, founded by Aidan “Halfway” Crotinger in 2020, and Drumify. The acquisition marks DayOne’s expansion to include Grammy-winning, multi-platinum music producers.Crotinger simultaneously launched Drumify.com as a marketplace for creatives. The tech stack allows creatives to share sounds while retaining their royalties - paving the path to give producers long-term ownership of their copyrights and a new revenue stream.LiveOne’s Head of Music Publishing, Josh Hallbauer, said, “Aidan is a rare executive and what he has built at 26, is changing how music is created. We see a massive opportunity to scale not only the copyrights, but Drumify as a creative first platform with millions of users who not only expect, but deserve lifelong royalty’s from their works.”“When Josh approached me with the idea of DayOne becoming our partner, I didn’t hesitate,” said Crotinger. “Finding partners who move at the same speed is what I have been looking for and I’m excited for the growth of both Splitmind and Drumify.”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 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 accrued a paid and free ad-supported membership base of approximately 2.8 million**, streamed over 2,900 artists, has a library of 30 million songs, 600 curated radio stations, over 300 podcasts/v...