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 that it has acquired the
exclusive multiyear sales and distribution rights to New York Times
best-selling author and attorney Rabia Chaudry’s and actress Ellyn
Marsh’s true crime genre podcast, Rabia & Ellyn Solve the Case.
Chaudry, who initiated the worldwide sensation podcast Serial and
also served as an Executive Producer on the HBO documentary series
The Case Against Adnan Syed and Marsh, who starred on Broadway in
Enron and Kinky Boots, host the weekly show.
Everyone has a true crime story they're obsessed with solving.
Join true-crime experts, Chaudry and Marsh, along with special
celebrity guests as they break down their favorite true crime
cases. With Chaudry’s legal expertise and Marsh’s comedic wit,
you’ll be seeing these cases in a whole new light. Launched in
2022, Rabia & Ellyn Solve the Case has delivered top performing
episodes on everything from boy band empresario Lou Pearlman to the
devastating murder of Matthew Shepard.
"We are excited to join the PodcastOne family of shows and look
forward to continuing to grow Rabia and Ellyn Solve The Case with
this new partnership! Ellyn and I love working together, we love
true crime, we love our incredibly engaged audience. This show is a
labor of love and fun, a marriage of entertainment and education, a
coming together of sluethy nerds that love getting into the weeds
of a case, and we are confident that we are bringing something
unique and special to PodcastOne's network,” said Chaudry.
“The addition of Rabia & Ellyn takes our roster of top notch
true crime programming to another level. We are excited to host,
market and monetize the existing episodes and launch new seasons of
this podcast in 2024. Many of our super fans that listen to our
true crime network haven’t yet been exposed to this program and we
are thrilled to be able to introduce it to them,” said Kit Gray,
President and Co-Founder of PodcastOne.
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 Bad Bad Thing, True
Crime All The Time Unsolved, The Prosecutors, Court Junkie, Cold
Case Files, I Survived, Baby Mamas No Drama, The Adam Carolla Show,
and The Schaub Show. PodcastOne shows are available through
PodcastOne, Apple Podcasts, Spotify, iHeart, Amazon and wherever
podcasts are heard.
About PodcastOne
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.
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. The
Company's wholly-owned subsidiaries include Slacker Radio,
PodcastOne (Nasdaq: PODC), PPVOne, Gramophone Media, Palm Beach
Records, CPS, LiveXLive, 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.
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 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.
Press Contacts:
For
PodcastOne 310.246.4600 Susan@Guttmanpr.com
PodcastOne (NASDAQ:PODC)
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