LiveOne, Inc. Plans to Expand the Studio's Music Operations and Launch Full-Service Podcast Recording Studio
November 22, 2021 at 07:00 am EST
Share
LiveOne, Inc. announced that it has completed the acquisition of Palm Beach Records. As part of the deal, LiveOne also plans to expand the studio's music operations and launch a full-service podcast recording studio. LiveOne will use the studio to break and sign new music and podcast talent, broaden its publishing, management and recording divisions, offer exclusive content to drive new LiveOne members and use the studio for franchises and South Florida-based events - where it continues to bolster its operations and events. Palm Beach Records will operate as a stand-alone wholly-owned subsidiary of LiveOne. The acquisition is to be immediately accretive to LiveOne'searnings and strengthen LiveOne's balance sheet. Ocampo will continue to lead all operations for the studio and brings a stellar roster of talent, including Kodak Black, Supreme Patty, Haitian Fresh, Lil Boosie, Jack Boy, 21 Savage, Koly P, Soldier Kid, C Glizzy, Wyatt Ray, Patrick Peterson, Tyrann Mathieu, Sniper Gang, Scrilla, Mmg, Kat Dahlia, Mallory Merk, Jay Dirty, Sarah Gibson and Cxdy.
LiveOne, Inc. offers a creator-first, music, entertainment, and technology platform, which is focused on delivering premium experiences and content worldwide through memberships and live and virtual events. The Company is engaged in the acquisition, distribution and monetization of live music, Internet radio, podcasting and music-related streaming and video content. It is also engaged in packaging, producing, and broadcasting its live music content across its music platform. In addition, the Company has a distribution relationship with a variety of platforms, including Roku, AppleTV, Amazon Fire, linear over-the-top (OTT) platforms, such as STIRR and XUMO. The Company's subsidiaries include Slacker Radio, PodcastOne, PPVOne, Palm Beach Records, CPS, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind.