LVO LiveOne Inc

PodcastOne (NASDAQ: PODC), a leading podcast platform and a subsidiary of LiveOne (NASDAQ: LVO), announced today that it has signed comedian and actor Chris Kattan to a multi-year contract for the exclusive sales and distribution rights for Kattan’s debut podcast, Idiotically Speaking with Chris Kattan. The weekly comedy variety show podcast is set for a July 24, 2024 debut and upcoming guests include Saturday Night Live alum and fellow comedians Fred Armisen, Dana Carvey, Rachel Dratch, Tim Meadows, Bobby Moynihan, Chris Parnell and Cecily Strong.

Join Kattan and co-hosts Andy Bolduc and Joseph Nuñez as each week Kattan invites his funniest friends to catch up on old times and hear about the new stuff too (if we have to). Then, our trio ropes their guest into an outrageous scenario where they have to improvise their way out! Will they spin comedy gold or will they just be... Idiotically Speaking?

“PodcastOne is thrilled to welcome Chris, Andy and Joseph to the network. Chris’ comic genius, his improvisational skills and his rapport with his co hosts on Idiotically Speaking are great additions to the roster of shows already part of our slate of programming. We know that listeners and advertisers will equally embrace this show with enthusiasm,” said Kit Gray, President and Co-Founder of PodcastOne.

"Andy, Joey, and I are incredibly excited to launch the show on PodcastOne," said Chris Kattan. "It's such a joy to get to interview old friends, reconnect, and chat about our journeys, from our days on SNL to our lives today. And we can't wait for fans to hear the hilarious new sketches we're cooking up with these comedy legends each week."

Chris Kattan is an actor, comedian, producer and novelist. He was born in Los Angeles, California. His father was one of the original founders of the famous Improv company, the Groundlings. Back when Chris was six years old, his father Kip King took him to the Groundlings shows every weekend where Chris watched his father perform with other legends like Paul Rubens, who created Pee-Wee Herman. Years later, Chris became one of the main Groundlings company members. There he was discovered and moved to New York to join Saturday Night Live where he did eight seasons from 1996 to 2004. On SNL he created characters such as Mango, Mr. Peepers and the Roxbury guys with Will Ferrell. He then moved on to star in films such as Corky Romano, Undercover Brother, House on Haunted Hill and Night at the Roxbury. Currently, he is touring the country with his wildly successful stand up comedy show, he continues to act, write and produce new projects.

Andy Bolduc is a comedian, actor, and writer based in Chicago. He is a member of the mainstage cast at The Second City, co-writing and performing in The Second City’s 110th, 111th, and 112th revues. Originally from Bangor, Maine, Andy trained and improvised at the Annoyance Theatre, iO, and ImprovAcadia. His sketch group, Cigarette Sandwich, was voted the Chicago Reader’s Best Digital Sketch Show in 2020. When not at The Second City, he performs on shows with his brother Pat, who is also a Chicago-based comedian, to the delight of their parents.

Joseph Nuñez is an actor, comedian, and writer. He is a Chicago native who also resides in Los Angeles. He has worked on several television, film, animated features and series. Some of his television highlights include Arrested Development, Prison Break, NCIS: Los Angeles, and Bless This Mess. Film highlights include Domino, Seven Pounds, 40 Year Old Virgin, Superbad, and the upcoming feature, Waltzing with Brando. Animation highlights include Rango and Elena of Avalor for Disney.

Idiotically Speaking with Chris Kattan is available through PodcastOne, Apple Podcasts, Spotify, iHeart, Amazon and wherever podcasts are heard. PodcastOne’s full roster of top ranked podcasts includes programming across top genres such as news, comedy, true crime and society and culture, including shows such as The Adam Carolla Show, Baby Mamas No Drama, Varnamtown, The Prosecutors, Court Junkie, The Jordan Harbinger Show, Off the Vine with Kaitlyn Bristowe, LadyGang, Tactful Pettiness and The Schaub Show.

About PodcastOnePodcastOne (Nasdaq: PODC) is a Los Angeles based podcast network founded in 2012 by Kit Gray and Norm Pattiz providing creators and advertisers with a full 360-degree solution in sales, marketing, public relations, production, and distribution delivering over 2.1 billion downloads per year with a community of 250 of the top podcasters, including Adam Carolla, Kaitlyn Bristowe, Jordan Harbinger, LadyGang, A&E's Cold Case Files and Varnamtown. PodcastOne has built a distribution network reaching over 1 billion listeners a month across all of its own properties, LiveOne (Nasdaq: LVO), Spotify, Apple Podcasts, iHeartRadio, Samsung and over 150 shows exclusively available in Tesla vehicles. PodcastOne is also the parent company of LaunchpadOne, an innovative self-serve platform developed to launch, host, distribute and monetize independent user-generated podcasts. For more information, visit PodcastOne.com and follow us on Facebook, Instagram, YouTube and Twitter at @podcastone. For more investor information, please visit ir.podcastone.com/overview/default.aspx.

About LiveOne, Inc.Headquartered in Los Angeles, CA, LiveOne (Nasdaq: LVO) 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. LiveOne's wholly-owned subsidiaries include Slacker Radio, PodcastOne (Nasdaq: PODC), PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify and Splitmind. LiveOne is available on iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and through STIRR’s OTT applications. For more information, visit liveone.com and follow us on Facebook, Instagram, TikTok, YouTube and Twitter at @liveone. For more investor information, please visit ir.liveone.com.

Forward-Looking StatementsAll statements other than statements of historical facts contained in this press release are “forward-looking statements,” which may often, but not always, be identified by the use of such words as “may,” “might,” “will,” “will likely result,” “would,” “should,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “continue,” “target” or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: LiveOne’s reliance on one key customer for a substantial percentage of its revenue; LiveOne’s and PodcastOne’s ability to consummate any proposed financing, acquisition, spin-out, special dividend, merger, distribution or transaction, including the spin-out of LiveOne’s pay-per-view business, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; PodcastOne’s ability to continue as a going concern; PodcastOne’s ability to attract, maintain and increase the number of its listeners; PodcastOne identifying, acquiring, securing and developing content; LiveOne’s intent to repurchase shares of its and/or PodcastOne’s common stock from time to time under LiveOne’s announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; LiveOne’s ability to maintain compliance with certain financial and other covenants; PodcastOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management’s relationships with industry stakeholders; uncertain and unfavorable outcomes in legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of LiveOne and/or its other subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in PodcastOne’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 1, 2024, and in PodcastOne’s other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and PodcastOne disclaims any obligation to update these statements, except as may be required by law. PodcastOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

Press Contacts:For PodcastOne310.246.4600Susan@Guttmanpr.com

Investor Relations:Jason Assad678-570-6791jwassad@podcastone.com