LiveXLive's talent-centric platform is focused on providing outsized value to superfans and building long term franchises in audio music, podcasting, OTT linear channels, pay-per-view, and livestreaming. We appreciate the confidence our institutional investor has shown by making this investment in both our management team and business model.' LiveXLive CEO and Chairman, Robert Ellin, commented, 'With LiveXLive experiencing momentum across the core segments of our business, adding $15 million of cash gives us both the liquidity and the balance sheet strength to accelerate some near-term growth opportunities, namely across subscription, distribution, pay-per-view and podcasting.

PodcastOne: on Facebook, Instagram, and Twitter. 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. The combination of acquisitions and the expansion of products and franchises have secured LiveOne as a top-rated music, entertainment and media services company. PodcastOne generates more than 2.38 billion downloads per year and 300+ episodes distributed per week across a stable of hundreds of top podcasts. LiveXLive has streamed over 1,800 artists since January 2020, a library featuring close to 30 million songs, 500 expertly curated radio stations, 235 podcasts/vodcasts, hundreds of pay-per-views, personalized merchandise, an NFT business, and has created a valuable connection between brands, fans, and bands.

LiveOne’s other major wholly-owned subsidiaries are LiveXLive, PPVOne, Slacker Radio, React Presents, CPS, and PodcastOne. (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.

Headquartered in Los Angeles, California, LiveOne, Inc.

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