LiveOne Files S-1 for PodcastOne (Courtside Group); PodcastOne Expects Record Revenues for the First 9 Months of $25 Million and $4 Million Cash for Fiscal 2023

• PodcastOne’s Community Reaches 14+ Million Monthly Unique Listeners, 60+ Million IAB Monthly Downloads and Over 300 Sponsors

• Over 300 Creators Drive More Than 2.3 Billion Downloads Annually: PodcastOne’s Distribution via PodcastOne, Apple Podcasts, Spotify, Amazon Music, YouTube and More

• Over 1,200 Podcasts on LaunchpadOne – An Exclusive Platform for Start-Up Podcasts

• Proprietary CMS Platform & Network Provides Unique Data and Insights

LiveOne, an award-winning, creator-first, music, entertainment and technology platform, announced today that Courtside Group, Inc. (dba PodcastOne) has filed an S-1 with the U.S. Securities and Exchange Commission for its planned spin-out and special dividend to LiveOne’s stockholders of record on January 16, 2023. PodcastOne is expected to record revenues of $25 million for the first 9 months of fiscal 2023 ending December 31, 2022.

A leading U.S. podcast network with nearly 300 podcasts/vodcasts that has generated more than 2.381 billion downloads to date, PodcastOne has a proven 360-degree advertiser solution for multiplatform integration opportunities and hyper-targeting, that delivers millions of monthly impressions, 14+ million monthly unique listeners, and 60+ million Interactive Advertising Bureau monthly downloads. The platform allows brands to reach their most sought after targeted audiences with content covering all verticals (i.e., sports, entertainment, true-crime, business, society & culture, self-help, etc.).

Marketing Technology News: Sogolytics Unveils Users’ Favorite Features and Top Solutions of 2022

With over 1,200 available podcasts, PodcastOne’s LaunchpadOne offers creators a free 360-degree podcasting ecosystem – a cutting-edge technology hosting platform, customizable design elements, a podcast player, distribution tools to publish on all major listening apps, including Apple Podcasts, Spotify, Google Podcasts, Overcast and Pocket Casts and others, and a deep network of shows. LaunchpadOne’s robust platform technology, promotion and monetization opportunities will allow podcast creators to leverage unique opportunities from PodcastOne, such as the ability to accumulate new listeners, get discovered, and collaborate with the established podcast network.

PodcastOne’s proprietary internal Content Management System (“CMS”) allows creators and producers to track metrics about shows on an episode-by-episode basis. CMS is the platform where podcast episodes are uploaded, RSS feeds are created and distributed to listening platforms, and the listening data is analyzed and displayed in a dashboard for the creators/producers to see. This fully owned and operated enterprise CMS rivals other paid platforms such as Megaphone (Spotify-owned), Art19 (Amazon-owned) and SimpleCast (SiriusXM/Pandora-owned). The CMS’ day-to-day operation and maintenance is managed by a vendor we contract with and is constantly being updated to be a best-in-class system.

LiveOne remains committed to spinning-out PodcastOne as a separate public company to be listed on a national exchange. In connection with such spin-out, LiveOne has moved the record date to Jan. 16, 2023 for PodcastOne’s special dividend to LiveOne’s stockholders of record. In addition, LiveOne intends to explore spinning-out SlackerOne as a separate public company during its 2024 fiscal year.

The anticipated financial results discussed in this press release are based on management’s preliminary unaudited analysis of financial results for the quarter ending December 31, 2022. As of the date of this press release, LiveOne has not completed its financial statement reporting process for the quarter ending December 31, 2022, and LiveOne’s independent registered accounting firm has not audited the preliminary financial data discussed in this press release. During the course of LiveOne’s quarter- and fiscal year-end closing procedures and review process, LiveOne may identify items that would require it to make adjustments, which may be material, to the information presented above. As a result, the estimates above constitute forward-looking information and are subject to risks and uncertainties, including possible adjustments to preliminary financial results.

Marketing Technology News: MarTech Interview with James Shears, Senior Vice President and General Manager at BLOCKBOARD