via NewMediaWire -- PodcastOne (Nasdaq: PODC), a leading podcast
platform and a subsidiary of LiveOne (Nasdaq: LVO), which owns 80%
of the PODC common stock, announced today the integration of
SourceAudio's music licensing service, PodcastMusic.com. This
partnership revolutionizes podcasting, offering personalized and
efficient tools for podcasters to discover and select sound designs
seamlessly aligned with their shows. By incorporating SourceAudio's
cutting-edge AI technology to access top-tier movie and TV music
catalogs of 1.2 million songs, PodcastOne aims to elevate the
creative quality of their podcasts, providing audiences with an
immersive and iconic audio experience.
With SourceAudio's AI technology, PodcastOne's team will now
have the capability to precisely identify and search for the most
specific audio elements tailored to the unique needs of each
podcast. For instance, podcast producers can now search for "intro
music for Adam Carolla" and the AI will curate selections based on
Adam's personality, the demographic of his listeners, and tonal
characteristics that best complement his show.
"This partnership marks a significant leap forward in our
commitment to delivering an unparalleled podcasting experience,"
said Kit Gray, President and Co-Founder of PodcastOne. "By
leveraging SourceAudio's AI technology, we are empowering our
podcasters to discover audio elements that resonate with the
essence of their shows, creating a more engaging and immersive
listening experience."
About SourceAudio
Based in Los Angeles, SourceAudio’s best-in-class music CMS and
AI platform hosts more than 30 millions songs from incredibly
diverse production music libraries, indies, and publishers who
connect directly with the largest and most influential content
creators and broadcasters/streaming networks in the world via the
platform. With unrivaled AI music search, metadata, team
collaboration, and a licensing user experience at its core,
SourceAudio further extends its value through integrated solutions
built specifically for the music-for-commercial-media supply chain.
Its full-stack solution serves as the launchpad to unlocking
instant downstream revenue opportunities like YouTube ContentID,
DSP distribution, and licensing to podcasters, radio groups,
television, and beyond. With its standard-setting AI-powered
search, automated metadata, AI playlisting, and generative audio
solutions, SourceAudio revolutionizes the space through its suite
of products and tools created specifically to empower rights
holders everywhere.
For more information, visit sourceaudio.com.
About PodcastOne, Inc.
PodcastOne (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, and A&E's Cold Case
Files. 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.
Forward-Looking Statements
All 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 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;
PodcastOne’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; the effects of the global Covid-19 pandemic;
uncertain and unfavorable outcomes in legal proceedings; changes in
economic conditions; competition; risks and uncertainties
applicable to the businesses of PodcastOne’s 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, 2023, filed with the U.S.
Securities and Exchange Commission (the “SEC”) on June 29, 2023,
Quarterly Report on Form 10-Q for the quarter year ended September
30, 2023, filed with the SEC on November 20, 2023, 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.
PodcastOne IR
Contact:Kirin SmithPCG Advisory(646)
823-8656ksmith@pcgadvisory.com
PodcastOne Press Contact:(310)
246-4600Susan@Guttmanpr.com
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