LVO) Splitmind affiliate tops Billboard with SZA, Investing.com expected to bring in significant revenue
Lana moved 178,000 albums (EAU) in its first week on the chart
Splitmind’s Calvin Dickinson co-produced Chill Baby with Lil Yachty
LOS ANGELES, Jan. 02, 2025 (GLOBE NEWSWIRE) — LiveOne (Nasdaq: LVO ), the award-winning, creator-first music, entertainment and technology platform, announced today that its Splitmind subsidiary produced on new SZA Lana Deluxe (NYSE: ) album effectively pushed SZA’s SOS back to No. 1 on Billboard.
About LiveOne
Based in Los Angeles, CA, LiveOne (Nasdaq: LVO) is an award-winning music, entertainment and technology platform for creators focused on delivering premium experiences and content worldwide through memberships and live and virtual events. LiveOne subsidiaries include Slacker Radio, PodcastOne (Nasdaq: PODC), PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify and Splitmind. LiveOne is available in Tesla (NASDAQ: ) vehicles and on iOS, Android, Roku (NASDAQ: ), Apple (NASDAQ: ) TV, Spotify (NYSE: ), Samsung (KS: ), Amazon (NASDAQ: ) Fire, Android TV and through STIRR’s OTT applications. For more information, visit liveone.com and follow us on Facebook (NASDAQ:), Instagram, TikTok, YouTube and Twitter @liveone. For more information on investors, visit ir.liveone.com.
About Splitmind
Founded by Aidan Halfway Crotinger in 2020, Splitmind is a music collective based in Los Angeles that brings together producers and writers from around the world, including Grammy and multi-platinum producer Jakik. Splitmind’s catalog includes 40,000 copyrights and 2 billion streams. Splitmind provides an infrastructure that allows creatives to share sounds while retaining their royalties – paving the way for producers to gain long-term ownership of their copyrights. Splitmind is a majority-owned subsidiary of LiveOne (NASDAQ: LVO ) and was acquired by LiveOne in 2023.
Forward-looking statements
All statements other than statements of historical fact contained in this press release are forward-looking statements, which can often, but not always, be identified by the use of such words as may, could, will, likely will result, would, should, estimate, plan, project, forecast, intend, expect, anticipate, believe, seek, pursue, aim or the negative of such expressions or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which could cause actual results, performance or achievements to differ materially from those expressed or implied in such statements, including: LiveOne’s reliance on its largest OEM customer for a significant percentage of its revenues; LiveOne’s ability to consummate any proposed financing, acquisition, spin-off, special dividend, merger, distribution or transaction, the timing of any such proposed event, including the risks that the 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-off, merger, special dividend, distribution or transaction will not occur or whether such event will increase stockholder value; LiveOne’s ability to continue as a going concern; LiveOne’s ability to attract, maintain and grow the number of its users and paid members; LiveOne identifying, acquiring, securing and developing content; LiveOne’s intention to repurchase shares of its and/or PodcastOne’s common stock from time to time under LiveOne’s announced share repurchase program and the timing, price and amount of repurchases, if any, under the program; LiveOne’s ability to maintain compliance with certain financial and other covenants; LiveOne is successfully executing its growth strategy, including relationships to its technology platforms and applications; management relations with industry stakeholders; LiveOne’s ability to extend and/or refinance its indebtedness and/or repay its indebtedness when due; uncertain and unfavorable outcomes of legal proceedings and/or LiveOne’s ability to pay any amounts in connection with any such legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the operations of LiveOne affiliates; 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, 2024, filed with the U.S. Securities and Exchange Commission (SEC) 1. July , 2024, Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, filed on November 14, 2024 and in other filings and filings by LiveOne with the SEC. These forward-looking statements speak only as of today, and LiveOne disclaims any obligation to update these statements, except as 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) 389-4670
john@liviakis.com
LiveOne Press contact:
LiveOne
press@liveone.com
Follow LiveOne on social media: Facebook, Instagram, TikTok, YouTube and Twitter at @liveone.
Source: Liveone, Inc.
