- AI-powered search engine for beats & sounds

- Unlocking new revenue streams for artists, and creators in a multi-billion-dollar market

- LiveOne Adds New Subscription for Beats and Sounds Adding 100+Subscribers/Month at $19.99

LOS ANGELES, July 02, 2024 (GLOBE NEWSWIRE) -- LiveOne (NASDAQ: LVO), a creator-first music, entertainment, and technology platform, announces a groundbreaking partnership with Seekr operating on the Intel Developer Cloud to build the industry's first AI-powered search platform for beats and sounds.

The platform will be available for creators by the end of the year to aid in music creation and licensing with innovative technology. The offering will unlock limitless potential for artists and creators, solidifying LiveOne's commitment to innovation and artist support. Thanks to Seekr’s multi-year collaboration with Intel, LiveOne's search and discovery platform will run on the Intel Developer Cloud.

“The Seekr platform's AI search engine, combined with our extensive collection of beats and sounds, creates a limitless potential for artists and creators to align and create music and recurring revenue streams,” said Robert Ellin, LiveOne CEO.

“We are thrilled to work with LiveOne on this exciting venture. Their content catalog and knowledge in this market is unmatched and through the application of our generative AI, we’re collaborating on a novel offering for creators seeking to build innovative and efficient music solutions,” said Pat Condo, Founder & CEO, Seekr.

About LiveOne, Inc.

LiveOne, Inc. is an award-winning, creator first, music, entertainment, and technology platform delivering premium experiences and content worldwide. With subsidiaries like Slacker Radio and PodcastOne, LiveOne has garnered accolades for its innovative approach, including the Best Live Moment award by Digiday for the "Social Gloves" PPV Event.

About Seekr Technologies

Seekr is a privately held artificial intelligence company that identifies, rates, and generates reliable content at scale. Seekr's trusted and responsible AI platform comprehensively and uniformly evaluates each piece of content individually against objective, transparent, and explainable standards. Seekr is committed to building a web that people can trust.

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: the Company’s reliance on one key customer for a substantial percentage of its revenue; the Company’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; the Company’s ability to continue as a going concern; the Company’s ability to attract, maintain and increase the number of its users and paid members; the Company identifying, acquiring, securing and developing content; the Company’s intent to repurchase shares of its common stock from time to time under its announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; the Company’s ability to maintain compliance with certain financial and other covenants; the Company 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 the Company’s subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in the Company’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 June 30, 2023, filed with the SEC on August 15, 2023, and in the Company’s other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and the Company disclaims any obligation to update these statements, except as may be required by law. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

For media inquiries, please contact:

LiveOne IR Contact :
Liviakis Financial Communications, Inc.
(415) 389-4670
john@liviakis.com

LiveOne Press Contact :
LiveOne
press@liveone.com

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