PODCASTONE'S EXECUTIVES HONORED BY PODCAST MAGAZINE

KIT GRAY NAMED ONE OF MOST INFLUENTIAL IN PODCASTING

ELI DVORKIN CHOSEN AS TOP 40 UNDER 40

PODCASTONE EXCEEDS 2.4 BILLION ANNUAL DOWNLOADS

LOS ANGELES, April 14, 2022 /PRNewswire/ -- PodcastOne, a leading podcast platform and a subsidiary of LiveOne (NASDAQ: LVO), announced today that its President Kit Gray has been named one of the twenty-two most influential people in podcasting and that Eli Dvorkin, Vice President of Brand and Talent Partnerships of PodcastOne, has been named to this year's Top 40 Under 40 in podcasting as chosen by Podcast Magazine.

As one of the earliest executives in the podcasting genre, Gray's skill and acumen for developing a network-talent partnership model set the tone and has since been emulated by many major podcasters. In 2012, he partnered with Norm Pattiz, founder of Westwood One, and together, they built a company that changed the world of digital audio, PodcastOne. Additionally, Gray's knowledge and passion from his time in advertising set PodcastOne apart from its competitors and is attributed to the early and consistent continued success of the company as a whole. PodcastOne is home to more than 200 produced programs, many of which such as The Adam Carolla Show, The LadyGang and The Jordan Harbinger Show have been overseen by Gray since their start with the network.

Dvorkin, a founding member of PodcastOne, joins industry heavyweights and notables from a wide range of prominent podcast categories from marketing and distribution to hosting and reporting on this year's list. In his role as Vice President of Brand and Talent Partnerships, Dvorkin is responsible for  bringing winning talent to the network including the recent additions of Uncut with Jay Cutler, The Prosecutors and Strictly Stalking. He also is key to identifying shows and content that develop into long-term successes for PodcastOne, including Baby Mamas No Drama, On Display with Melissa Gorga, True Crime All the Time Unsolved, And This is Monsters.

"Every podcast network should be fortunate enough to have a Kit Gray and an Eli Dvorkin helping to captain the ship. Individually they are invaluable and as a team they are unstoppable. They are as integral to our successes today as they were when PodcastOne was the new kid on the block, and we wouldn't want it any other way," said Robert Ellin, CEO and Chairman of LiveOne.

Recently named #8 on the list of top podcast publishers in the United States by Podtrac, the industry-leading podcast metric company, PodcastOne's full roster of programming is available on PodcastOne, Apple Podcasts, Spotify, Amazon Music and wherever podcasts are heard.

About PodcastOne
PodcastOne is a leading advertiser-supported podcast company, offering a 360-degree solution for both content creators and advertisers, including content development, brand integration and distribution. Acquired by LiveOne (NASDAQ: LVO) in 2020, the two entities have subsequently teamed to create a new video podcast (Vodcast) network under the LiveOne umbrella. Amassing more than 2.48 billion downloads per year with 300+ episodes distributed per week across a stable of hundreds of top podcast programs, including influencer talent like Adam Carolla, Kaitlyn Bristowe, Steve Austin, Armando "Pitbull'' Perez, Jordan Harbinger, Heather Dubrow, The LadyGang, Kail Lowry, Melissa Gorga, Dr. Drew, Jay Cutler, Michael Irvin, Robert Horry, Dr. Gundry and top-rated true crime shows including Bad Bad Thing, True Crime All the Time Unsolved, This is MONSTERS, Court Junkie, A&E's Cold Case Files, American Nightmare and more. Its shows are distributed across its own platform as well as LiveOne's owned-and-operated channels on mobile, mobile web, desktop and SmartTV's. PodcastOne is the parent company of LaunchpadOne, an innovative self-serve platform developed to launch, host, distribute and monetize independent user-generated podcasts. PodcastOne is the brainchild of Radio Hall of Famer, Norm Pattiz, also the founder of Network Radio-giant, Westwood One.

About LiveOne, Inc.
Headquartered in Los Angeles, California, LiveOne, Inc. (NASDAQ: LVO) (the "Company") 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. As of April 1, 2022, the Company has accrued a paid and free membership base of over 2.23 million**, streamed over 2,900 artists, has a library of 30 million songs, 600 curated radio stations, nearly 270 podcasts/vodcasts, hundreds of pay-per-views, personalized merchandise, released music-related NFTs, and created a valuable connection between fans, brands, and bands. The Company's wholly-owned subsidiaries include Slacker Radio, React Presents, Gramophone Media, Palm Beach Records, Custom Personalization Solutions, LiveXLive, PPVOne and PodcastOne, which generates more than 2.48 billion downloads per year and 300+ episodes distributed per week across its stable of top-rated podcasts. LiveOne is available on iOS, Android, Roku, Apple TV, Amazon Fire, and through OTT, STIRR, and XUMO. For more information, visit www.liveone.com and follow us on Facebook, Instagram, TikTok, and Twitter at @liveone.

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, Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2021, filed with the SEC on February 14, 2022, 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.

** Included in the total number of paid members for the reported periods are certain members which are the subject of a contractual dispute. LiveOne is currently not recognizing revenue related to these members.

Press Contact:
310.246.4600
Susan@Guttmanpr.com

LiveOne IR Contact:
(310) 601-2505
ir@LiveOne.com 

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SOURCE LiveOne, Inc.