LiveOne Grows Stronger with Strategic Financial Moves and Deals

Author: Owen Jenkins Updated: 01-16-2025 12:15 PM

LiveOne's Strategic Financial Update

- Extends $5M payables to long-term, including Sound Exchange.

- Pays off $2.75M East West Bank line.

- Allocates savings to strategic initiatives, including:

Enhancing Subscriber Conversion and Partnerships

- Converting more Tesla subscribers and expanding B2B partnerships with a recent $25M+ deal involving a Fortune 500 company.

Expanding Original Content

- Increasing the slate of Original IP and enhancing music partnerships for richer content delivery.

Utilizing Technology for Growth

- Focusing on monetizing their data business utilizing AI to analyze and predict user trends effectively.

Company Overview

Headquartered in Los Angeles, LiveOne (NASDAQ: LVO) is a creator-first music, entertainment, and technology platform. The company focuses on delivering premium experiences and content through various channels including memberships, live events, and virtual performances. Their subsidiaries, including Slacker Radio, PodcastOne, LiveXLive, and others, work synergistically to provide exclusive content and services.

LiveOne has become increasingly popular within Tesla vehicles, enabling easy access for subscribers and expanding the user base through innovative tech applications. The company is also available across multiple platforms like iOS, Android, Roku, Spotify, and many others.

Management's Vision for Growth

Robert Ellin, Chairman and CEO, stated that the focus will be on leveraging recent cash flow savings to strengthen the balance sheet and expand key partnerships in the music industry. The aim is to drive global content growth, enhance subscriber onboarding, and unlock new revenue streams. He emphasized the importance of data analytics and original programming in this strategy.

Future Endeavors

Moving forward, LiveOne looks to explore new opportunities to implement cutting-edge technology in their services. They plan to continue improving customer engagement while maximizing the potential of their existing partnerships.

Investor Relations

For those interested in more information, please contact LiveOne IR. Direct inquiries can be made through Liviakis Financial Communications, Inc. at (415) 389-4670.

Frequently Asked Questions

What is LiveOne's main focus as a company?

LiveOne focuses on providing premium music, entertainment, and technology services through memberships and live events.

How is LiveOne expanding its reach?

LiveOne is expanding its reach by enhancing subscriber conversion, forming strategic B2B partnerships, and leveraging technology like AI.

What recent financial moves has LiveOne announced?

LiveOne announced extending its payables to long-term, paying off a bank line, and reallocating savings to strategic initiatives.

Who is the CEO of LiveOne?

The CEO of LiveOne is Robert Ellin, who also serves as the Chairman.

How can investors learn more about LiveOne?

Investors can learn more about LiveOne by visiting their investor relations site or contacting Liviakis Financial Communications.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

My love is teaching others about investing and personal finance. My goal in writing many books and articles has been to demystify financial ideas and give readers the information they need to make wise financial decisions. I write with a direct, useful style that emphasizes doable suggestions for daily living.

Along with writing, I lead webinars and seminars where I impart knowledge on how to successfully negotiate the financial world. I also write for financial journals and show up as a guest expert on financial news programs a lot. Whether they are new to investing or want to improve their approach, my mission is to enable people to take charge of their financial futures.

Beyond work, I like to hike, play the guitar, and spend time with my family. I think that balance is crucial and want to encourage people to strike a balance between their financial aspirations and their hobbies. I want to help people succeed and achieve financial security through my work, so having a good influence.

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