LIVEONE DOUBLES DOWN ON GAMING BY LAUNCHING SUBSIDIARY GAMIFYONE

LOS ANGELES, Dec. 29, 2021 /PRNewswire/ -- LiveOne (Nasdaq: LVO), a global platform for livestream and on-demand audio, video and podcast/vodcast content in music, comedy and pop culture, and owner of PodcastOne, Slacker Radio,React Presents, Gramophone Media, Palm Beach Records and Custom Personalization Solutions, announced today that it will be launching GamifyOne, a subsidiary of LiveOne and a live social music gaming platform featuring a slate of new interactive original show formats based on music, entertainment and artists. Tied to the recently announced proposed Trader2B acquisition and licensing deal, GamifyOne will further gamify the LiveOne platform. Chelsea Briggs will be the host of a new daily news show and live trivia game show, bringing her hundreds of thousands of loyal fans to LiveOne.

GamifyOne's programming slate will include a range of show formats with gamification and interactivity - including the first ever live trivia game from the biggest global music events, to name that tune, HQ like music trivia game, social Q&A, leaderboards, polls and trivia. Each show will offer LiveOne members the opportunity to win a variety of prizes including Teslas, NFTs, exclusive experiences, live events and pay-per-view tickets, festival VIP passes, merchandise, artist meet and greets, free music subscriptions and more.

"We are in the midst of revolutionary change in how people are engaging with content and how creators are monetizing content," said Robert Ellin, Chairman and CEO of LiveOne. "With new technologies like blockchain and new platforms like the Metaverse leading the way to Web 3.0, it's time for new content formats to map to these new realities."

New slate of shows include:

• The Daily Note
• Golf Cart Trivia
• What Will They Do Next
• Name That Lyric 
• Self Made
• Meta Verses

The shows will be globally distributed across LiveOne platforms and social media channels - TikTok, YouTube, Instagram, and Facebook. Additionally, as part of LiveOne's recently announced deal with Super League, it will create exclusive programming in the Metaverse for platforms like Roblox, Minecraft and Fortnite.

GamifyOne follows on the heels of LiveOne's recently announced licensing and acquisition of Trader2B. Together, LiveOne is gamifying its platform with music and talent at the core.

About LiveOne, Inc.
Headquartered in Los Angeles, California, LiveOne, Inc. (NASDAQ: LVO) (the "Company") is a global talent-first, interactive music, sports, and entertainment subscription platform delivering premium content and livestreams from the world's top artists. The Company has streamed over 1,800 artists since January 2020, has a library featuring close to 30 million songs, 500 expertly curated radio stations, 235 podcasts/vodcasts, hundreds of pay-per-views, personalized merchandise, released music-related NFTs, and has created a valuable connection between brands, fans, and bands. The Company's other major wholly-owned subsidiaries are LiveXLive, PPVOne, Slacker Radio, React Presents, Gramophone Media, Palm Beach Records, Custom Personalization Solutions, and PodcastOne which generates more than 2.48 billion downloads per year and 300+ episodes distributed per week across a stable of hundreds of top podcasts. The combination of acquisitions and the expansion of products and franchises have secured LiveOne as a top-rated music, entertainment, and media services company. LiveXLive is available on iOS, Android, Roku, Apple TV, and Amazon Fire, and through OTT, STIRR, Sling, and XUMO, in addition to its app, online website, and social channels. For more information, visit www.livexlive.com and follow us on Facebook, Instagram, TikTok, and Twitter at @livexlive.

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, distribution or transaction, the timing of the closing of such proposed event, including the risks that a condition to closing would not be satisfied within the expected timeframe or at all, or that the closing of any proposed financing, acquisition, spin-out, 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 subscribers; 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; 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, 2021, filed with the U.S. Securities and Exchange Commission (the "SEC") on July 14, 2021, Quarterly Report on Form 10-Q for the quarter ended June 30, 2021, filed with the SEC on August 16, 2021, Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2021, filed with the SEC on October 29, 2021, 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 obligations 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.

Press Contact:
LiveOne
aileen@livexlive.com  
917.842.9653
aavidon@livexlive.com  
516.522.1349

LiveOne IR Contact:
IR@liveone.com 
310.601.2505

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SOURCE LiveOne, Inc.