via NewMediaWire – PodcastOne (NASDAQ: PODC), a leading podcast
platform and a subsidiary of LiveOne (NASDAQ: LVO), which owns ~80%
of the PODC outstanding common stock, announced today the January
24, 2024 premiere of Varnamtown, a limited 8 episode true crime
genre podcast from Epic Magazine, Picture Perfect Federation and
Full Picture.
Hosted by Golden Globe Award winning actor Kyle MacLachlan (Sex
and the City, Twin Peaks) and investigative journalist Joshua
Davis, Varnamtown tells the little known story of a small fishing
village in North Carolina that reputedly did a deal with drug
kingpin Pablo Escobar. In exchange for allowing Escobar's drug
motherships to dock and his airplanes to land, the town would
become rich. For two years, MacLachlan and Davis investigated the
tale, journeying to Varnamtown to knock on doors and find out what
really happens when a firehose of money and cocaine is turned on a
small, tight knit community.
"When Kyle first told me about this story, I thought he was
joking," said Davis. "How in the hell did Pablo Escobar do a deal
with an entire town? I told him immediately that we needed to find
out."
“From Twin Peaks to Wisteria Lane and beyond, I’ve always been
drawn to mysterious places that are brimming with quirky
characters," said MacLachlan. "As soon as I heard this small town
story, I knew there was something much bigger happening here. My
years of experience performing in dark and twisted tales has taught
me that raw human nature is sometimes the scariest and most
interesting story of all.”
“The story of Varnamtown is wild and endlessly surprising. Kyle
and Josh have meticulously crafted an eight part series that takes
listeners inside one of the strangest untold stories in American
history. From REO Speedwagon to Ronald Reagan, the cast of
characters in this story makes it an irresistible podcast," said
Kit Gray, President and Co-Founder of PodcastOne.
Varnamtown is the first podcast series resulting from a
previously announced development deal between PodcastOne and
Picture Perfect Federation (“PPF”). PPF is a joint venture formed
by entertainment industry leader and Academy Award Winning Patrick
Wachsberger's Picture Perfect Entertainment and Pascal Breton and
Lionel Uzan of studio Federation Studios and led in the US by
Patrick Wachsberger and Ashley Stern, President of Federation
Entertainment of America.
Epic Magazine was founded by investigative journalists Joshua
Davis and Joshuah Bearman. The publication uncovers amazing true
stories that are regularly adapted into films and TV shows, such as
the Academy-Award winning film Argo and last year's
Sundance-winning film Radical.
Full Picture, a creative agency with a mission of shaping
zeitgeist-defining moments and reimagining how brands engage global
audiences, was founded in 1999 by Desiree Gruber, who executive
produces Varnamtown with Nir Liberboim. Full Picture Productions,
headed by Anne Walls, has created TV projects including Project
Runway, as well as award-winning digital and podcast projects for a
variety of brands and icons. Their work has won a Peabody Award, a
GLAAD Media Award, and has been nominated for 58 Emmys.
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 Picture Perfect FederationPicture Perfect
Federation is a joint venture formed by entertainment industry
leader Patrick Wachsberger's Picture Perfect Entertainment and
Pascal Breton and Lionel Uzan of studio Federation Studios. The
entity is dedicated to the development and production of premium
television series and films for the global marketplace on all
platforms as well as engaging in international co-productions. The
studio is poised to develop, finance, and distribute premium
content across the globe with an upcoming slate including
“Impossible,” written and directed by Siân Heder, the visionary
behind the Oscar®-winning CODA, which Wachsberger produced; "Bad
Genius," written by Julius Onah & J.C. Lee in collaboration
with Picturestart; and “Ramses” based on Christian Jacq’s series of
five international bestselling books. The team of Wachsberger, who
most recently served as Chairman of Lionsgate Motion Picture group
and Ashley Stern, President of Federation Studios of America,
represent the joint venture in Los Angeles. Where the U.S.
operations have "The Department," based on Federation’s "Le
Bureau," greenlit for Showtime with George Clooney directing in
2023. With additional divisions in Paris, Brussels, London, Rome,
Madrid, Berlin, Cologne and Tel Aviv, leading international studio
Federation has series in production across the globe like the hit
ZDF thriller “Bad Banks," Omri Givon’s Keshet series “The Grave,”
Italian hit series “Baby” for Netflix, Hulu’s “Find Me in Paris,”
France’s number one series, “Le Bureau des Légendes” for Canal +,
and latest co-production of "Around the World in Eighty Days"
starring David Tennant for BBC/France TV/Rai/ZDF as well as an
upcoming biopic about iconic actress Bardot to name a few.
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, 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 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, 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 PodcastOne310.246.4600Susan@Guttmanpr.com
PodcastOne (NASDAQ:PODC)
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