LiveOne (Nasdaq: LVO) Subsidiary Drumify Launches Subscription Marketplace Integrating Cyanite.ai Tech Stack
2024年4月2日 - 9:30PM
via NewMediaWire -- Drumify, a subsidiary of LiveOne (NASDAQ: LVO),
announced today that it launched its subscription model, Drumify
3.0. The subscription model is designed to convert ~70% of
Drumify’s customer base into recurring subscribers, increasing
customer lifetime value and overall revenue. By offering a range of
tiered subscriptions, Drumify aims to lower the barrier of entry
into professional music production, democratizing access to
high-quality sounds and tools previously reserved for established
industry professionals.
“We have been working around the clock on our subscription
platform for over a year to not just compete with Splice, but help
educate creatives on copyright ownership and building long-term
wealth. We’re so excited to finally put it out into the world, and
the response so far has been overwhelming,” said Aidan Crotinger,
Founder of Drumify.
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 subsidiaries include Slacker Radio, PodcastOne (Nasdaq:
PODC), PPVOne, Gramophone Media, Palm Beach Records, 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 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
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; LiveOne’s ability to continue as a going
concern; LiveOne’s ability to attract, maintain and increase the
number of its users and paid members; LiveOne 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 debt
covenants; LiveOne 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’s subsidiaries; and other risks,
uncertainties and factors including, but not limited to, those
described in LiveOne’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 December 31, 2023, filed
with the SEC on February 13, 2024, and in LiveOne’s other filings
and submissions with the SEC. These forward-looking statements
speak only as of the date hereof, and LiveOne disclaims any
obligation to update these statements, except as may be required by
law. LiveOne intends that all forward-looking statements be subject
to the safe-harbor provisions of the Private Securities Litigation
Reform Act of 1995.
LiveOne IR Contact:Liviakis
Financial Communications, Inc.(415) 389-4670john@liviakis.com
Press Contact:For
LiveOnepress@liveone.com
LiveOne (NASDAQ:LVO)
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LiveOne (NASDAQ:LVO)
過去 株価チャート
から 9 2023 まで 9 2024