LVO News & Events

LiveOne announced a multi-year extension of its global licensing partnership with Merlin, the digital music licensing partner representing many of the world's leading independent labels and distributors. "Independent music is one of the most powerful drivers of discovery across streaming platforms," said Robert Ellin, Chairman and CEO of LiveOne. "This extension with Merlin not only strengthens our long-standing relationship but also improves our balance sheet while positioning LiveOne to significantly expand our catalog and deliver even more value to artists and fans."

LiveOne announced continued execution of its strategic cost-reduction initiatives expected to strengthen its balance sheet and improve operating leverage. "We are taking decisive actions to streamline our cost structure and materially strengthen our balance sheet while leveraging AI to operate more efficiently across the platform," stated Robert Ellin, Chairman and CEO of LiveOne. "These initiatives are designed to position LiveOne for sustained profitability and long-term shareholder value creation." The company said it reduced headcount from 350 to 84, including 12+% this quarter; Eliminated ~$14M in liabilities, repaying $3M of debt and converting $11M+ into equity at $7.50 per share, aligning musicians, podcasters, and key talent as major shareholders while strengthening the balance sheet.

LiveOne announced the addition of its app on VIZIO and on smart TVs with VIZIO OS. Now, VIZIO customers have easy round-the-clock access to LiveOne's music service on their connected devices, for free, via the LiveOne app.