PODCASTONE EXECUTIVES HONORED BY PODCAST MAGAZINE

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KIT GRAY NAMED ONE OF PODCASTING’S MOST INFLUENTIAL

ELI DVORKIN ELECTED IN TOP 40 UNDER 40

PODCASTONE EXCEEDS 2.4 BILLION ANNUAL DOWNLOADS

LOS ANGELES, April 14, 2022 /PRNewswire/ — Podcast Oneleading podcast platform and subsidiary of Live One (NASDAQ: LVO), today announced that its Chairman Gray kit was named one of the twenty-two most influential people in podcasting and that Eli DvorkinPodcastOne’s Vice President of Brand and Talent Partnerships, was named to this year’s Top 40 Under 40 in Podcasting, chosen by Podcast Magazine.

LiveOne Logo (PRNewsfoto/LiveOne, Inc.)

As one of the early leaders of the podcasting genre, Gray’s skill and insight into developing a network-talent partnership model set the tone and has since been emulated by many major podcasters. In 2012, he joined forces with Norm Patiz, 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 sets PodcastOne apart from its competitors and is attributed to the continued early and consistent success of the company as a whole. PodcastOne hosts over 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 debut with the network.

Dvorkin, a founding member of PodcastOne, joins industry heavyweights and notables across a wide range of top podcast categories, from marketing and distribution to hosting and reporting on this year’s list. In his role as VP of Brand and Talent Partnerships, Dvorkin is responsible for bringing winning talent to the network, including recent additions from Uncut with cutler jay, Prosecutors and Strictly Stalking. It’s also key to identifying shows and content that turn into long-term successes for PodcastOne, including Baby Mamas No Drama, On Display with Melissa GorgaTrue Crime All the Time Unsolved, And This is Monsters.

“Every podcast network should be lucky enough to have a Gray kit And one Eli Dvorkin helping to command the ship. Individually they are invaluable and as a team they are unstoppable. They’re as integral to our successes today as they were when PodcastOne was the newcomer, and we wouldn’t want it any other way,” said Robert EllinCEO and President of LiveOne.

Recently named #8 on the list of top podcast publishers in United States by Podtrac, the industry’s leading podcast metrics company, PodcastOne’s full program listing is available at Podcast OneApple Podcasts, Spotify, Amazon Music and anywhere podcasts are heard.

About Podcast One
Podcast One is a leading advertiser-backed podcast company, offering a 360-degree solution for content creators and advertisers, including content development, brand integration and distribution. Acquired by Live One (NASDAQ: LVO) in 2020, the two entities then joined forces to create a new video podcast network (Vodcast) under the LiveOne umbrella. Amassing over 2.48 billion downloads annually with over 300 episodes distributed weekly across a stable of hundreds of top podcast programs, including influencer talent like Adam Carolla, Kaitlyn Bristowe, Steve AustinArmando “Pitbull” Perez, Jordan Harbinger, Heather DubrowThe LadyGang, Kail Lowry, Melissa GorgaDr Drew, cutler jay, Michael Irvin, Robert Horry, Dr. Gundry and top crime shows like 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 on its own platform as well as LiveOne owned and operated channels on mobiles, mobile web, desktop and SmartTVs. PodcastOne is the parent company of Launchpad One, an innovative self-service platform developed to launch, host, distribute and monetize independent user-generated podcasts. PodcastOne is the brainchild of Radio Hall of Famer, Norm Patizalso founder of network radio giant, Westwood One.

About LiveOne, Inc.
Based at Los Angeles, California, Live One, Inc. (NASDAQ: LVO) (the “Company”) is an award-winning, creator-driven music, entertainment and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. From April 1, 2022, the company has amassed a paid and free member 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, custom merchandise, released music-related NFTs, and created a valuable connection between fans, brands, and bands. The Company’s wholly-owned subsidiaries include lazy radio, React present, Gramophone Media, Palm Beach RecordsCustom Personalization Solutions, LiveXLive, PPVOne and Podcast One, which generates more than 2.48 billion downloads per year and more than 300 episodes distributed per week on its stable of top-rated podcasts. LiveOne is available on iOS, Android, Roku, Apple TV, Amazon Fire and via OTT, STIRR and XUMO. For more information, visit www.liveone.com and follow us on Facebook, instagram, ICT Tacand Twitter at @liveone.

Forward-looking statements
All statements other than statements of historical fact contained in this press release are “forward-looking statements”, which can often, but not always, be identified by the use of words such as “may”, “could”, ” will”, “probably result”, “would”, “should”, “estimate”, “plan”, “project”, “expect”, “intend”, “expect”, “anticipate” , “believe”, “seek”, “continue”, “target” or the negative form of these 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 dependence to a key customer for a substantial percentage of its turnover; the Company’s ability to complete any proposed financing, acquisition, spin-off, distribution or transaction, the timing of the closing of such proposed event, including the risks that any closing condition will not be satisfied in the expected timeframe or not at all, or that the closing of any proposed financing, acquisition, spin-off, distribution or transaction will not occur or whether such event will increase shareholder value; the Company’s ability to continue as a going concern; the Company’s ability to attract, retain and increase the number of its paying users and subscribers; the Company identifying, acquiring, securing and developing content; the Company’s intention to repurchase Common Shares from time to time under its announced share 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 is successfully implementing its growth strategy, including with respect 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; the risks and uncertainties applicable to the activities 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, 2021filed with the United States Securities and Exchange Commission (the “SEC”) on July 14, 2021Quarterly report on Form 10-Q for the quarter ended June 30, 2021filed with the SEC on August 16, 2021Quarterly report on Form 10-Q for the financial quarter ended September 30, 2021filed with the SEC on October 29, 2021Quarterly report on Form 10-Q for the financial quarter ended December 31, 2021filed 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 obligation to update these statements, except as 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.

** Certain members in contractual dispute are included in the total number of paying members for the periods reported. LiveOne currently does not track revenue related to these members.

Press contacts:
310.246.4600
[email protected]

LiveOne IR contact:
(310) 601-2505
[email protected]

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