Business
LiveOne's Paid Memberships Exceed 2 Million, Marking Significant Growth Milestone
- PodcastOne has Expanded its Reach to Include Over 1 Million Tesla Vehicles Los Angeles, CA, March 03, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – LiveOne
About this update from Liveone, Inc.
[{"type":"text","content":" - PodcastOne has Expanded its Reach to Include Over 1 Million Tesla Vehicles Los Angeles, CA, March 03, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – LiveOne (Nasdaq: LVO), the creator-first platform for music, entertainment, and technology, continues to achieve record breaking operating metrics at both its Slacker Radio and PodcastOne subsidiaries. Paid memberships grew by over 587K in the past 12 months and over 100K in the first two months of calendar 2023. Total members, including paid and ad-sponsored, are now at a record 2.85 million.** Rob Ellin, LiveOne’s Chief Executive Officer, commented, \"We are thrilled to have exceeded 2 million premium members on our platform, and we owe much of our growth to our B2B content partnerships, such as our longstanding collaboration with Tesla. Our team's objective is to forge partnerships with similar-minded brands who understand the significance of providing their customers with new and relevant content. We are currently in close collaboration with several other global enterprises to establish partnerships that we anticipate will be finalized in the near future.” For nearly nine years, almost all new Tesla EVs sold in the U.S. have come with a paid membership to LiveOne’s Slacker Radio (that now includes PodcastOne) which is paid directly by Tesla. 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 Program...