"With this acquisition, we expand our business into the fast-growing podcast category, complementing our music platform of streaming audio, on-demand video and live event performances. These shows enhance LiveXLive's existing podcast and audio library which already reaches 849,000 paid subscribers as reported on March 31, 2020. Drew, Heather and Terry Dubrow, Chael Sonnen, Kaitlyn Bristowe, LadyGang, Rich Eisen, Spencer and Heidi Pratt, Autumn Calabrese, Demi Burnett, Gals on the Go, and many more.
PodcastOne's library generates over 2.1 billion downloads annually, on over 300 podcasts and star-studded shows produced weekly, including "The Adam Carolla Show", "The Big Podcast" with Shaquille O'Neal, A&E's "Cold Case Files", "Hotboxin" with Mike Tyson, "ExpediTIously" with Tip "T.I." Harris and others from "Stone Cold" Steve Austin, Dr. The acquisition is expected to be accretive and will strengthen LiveXLive's balance sheet as well as diversifying its business model with a significant advertising component.Ĭoupled with LiveXLive's subscription and streaming platform, the acquisition adds to LiveXLive opportunity to grow its data collection and mining, enabling greater and more effective monetization strategies. PodcastOne, which recorded revenue of $27.5 million in calendar 2019, will operate as a wholly-owned subsidiary of LiveXLive. (NASDAQ: LIVX) ("LiveXLive"), a global platform for live stream and on-demand audio, video and podcast content in music, comedy, and pop culture, announced today that it has completed the acquisition of PodcastOne, a leading subscription and advertiser-supported podcast network home to popular and star-studded podcasts across top genres including sports, comedy, celebrity culture and entertainment, in an all-stock deal. LOS ANGELES, J/PRNewswire/ - LiveXLive Media, Inc.
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