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 that it
entered into a new agreement with podcast host and revered
comedian, Adam Carolla, for his long running The Adam Carolla
Podcast and for The Adam and Dr. Drew Show. Carolla is set for
induction into the 6th Annual Podcast Hall of Fame during Podfest
Expo later this month. The Podcast Hall of fame celebrates the
outstanding individuals who have left an indelible mark on the
podcasting industry.
Since 2009, The Adam Carolla Podcast with its host Adam Carolla
has entertained millions of listeners. Completely uncensored,
Carolla welcomes a wide range of guests such as Jimmy Kimmel, Jay
Leno, Nicolas Cage, Alec Baldwin and Matt Damon in the studio for
in depth interviews and a front row seat to his unparalleled
ranting. With an unsurpassed library of episodes available, The
Adam Carolla Podcast has remained one of the most popular podcasts
on the planet for well over a decade.
Fans grew to love the pairing of Adam Carolla & Dr. Drew
Pinsky that originated on the world famous KROQ radio and became a
cultural touchstone and in 2012 they reunited the partnership for
The Adam and Dr. Drew Show. In each episode Adam and Dr. Drew take
uncensored, nothing-off-limits, calls about sex, drugs, medical and
relationship issues. Dr. Drew brings the medicine while Adam's
comedic rants are the spoonful of sugar to make it go down.
“Adam Carolla’s contributions to the medium of digital audio
entertainment are immeasurable. From his devoted audience of
listeners and advertisers, Adam has inspired legions of loyal fans
who tune in daily to hear his comedic take on a wide array of
topics. His camaraderie with Dr. Drew is the stuff of legends. This
is a podcasting duo that will go down in history as one of the
greatest partnerships. As we have grown as a network, so have Adam
and Drew and we are thrilled to keep the momentum growing,” said
Kit Gray, President and Co-Founder of PodcastOne.
PodcastOne continues to develop and produce compelling and
entertainment-based content to generate excitement and intrigue in
the audio and streaming space. With podcasts being the fastest
growing medium by far, PodcastOne is determined to remain the
leader in expanding audiences and forging synergistic relationships
for its podcasters.
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, The Jordan Harbinger Show, Baby Mamas No Drama,
LadyGang, and The Schaub Show. PodcastOne shows are available
through PodcastOne, Apple Podcasts, Spotify, iHeart, Amazon and
wherever podcasts are heard.
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/or 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/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; 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; 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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