Company Announcements

PodcastOne (PODC) Debuts Beat It Out Podcast from Adam Carolla Exclusively on Adam Carolla Show Substack

Beat It Out is the 46th Show Added to PodcastOne in 2024, Expands Partnership with Network Tentpole Host Carolla

First Season of Beat It Out Features Co-Host, Comedian Jay Mohr

Carolla’s All Time Downloads Top 700 Million

LOS ANGELES, Sept. 26, 2024 (GLOBE NEWSWIRE) -- PodcastOne, (Nasdaq: PODC) a leading podcast platform and a subsidiary of LiveOne (NASDAQ: LVO), announced today the launch of Beat It Out, a podcast from Podcasting Hall of Fame member Adam Carolla exclusively on the Adam Carolla Show Substack featuring Season One co-host, comedian Jay Mohr. The addition of Beat It Out to the network’s roster of podcast programming further strengthens the 15 years long relationship between PodcastOne and Carolla who has been with the network since its inception in 2009.

Paid subscribers to the Adam Carolla Substack will have full access to Beat It Out, as well as ad free and video content for all new episodes of The Adam Carolla Show, Adam and Drew and Carolla Classics. Additionally, subscribers will receive an exclusive newsletter, access to archival content and be the first to experience planned live recording sessions and live chats. Beat It Out marks a podcasting return for Mohr who previously hosted the long running and fan favorite podcast Mohr Stories and Mohr Sports from Los Angeles through his Fake Mustache Studios.

Beat It Out brings you on a comedic journey with Adam Carolla and Jay Mohr, as they take ideas, concepts, prompts and more to showcase how stand-up material is conceived, fleshed out and polished for live performances. Follow Adam and Jay as they take comedy premises “From the Page to the Stage”.

“Podcasting remains the most exciting and fastest growing medium in entertainment and we’re always thrilled when we can exhibit content in new ways and across new channels reaching fans like never before. Our use of Substack allows PodcastOne and Adam Carolla to uniquely package exclusive content to the most passionate of podcast listeners,” said Kit Gray, President of PodcastOne.

Adam Carolla’s impact on the medium of podcasting is unmatched. Across his numerous podcasts he has received over 700 million downloads to date and is often credited as one of the founding hosts in podcasting. PodcastOne’s full roster of top ranked podcasts includes programming across top genres such as news, comedy, true crime and society and culture, including shows such as The Adam Carolla Show, When Reality Hits, LadyGang, Baby Mamas No Drama, Varnamtown, The Prosecutors, Court Junkie, The Jordan Harbinger Show, Off the Vine with Kaitlyn Bristowe, Camp Counselors, and The Schaub Show.

About PodcastOne
PodcastOne (Nasdaq: PODC) is a Los Angeles based podcast network founded in 2012 by Kit Gray and Norm Pattiz providing creators and advertisers with a full 360-degree solution in sales, marketing, public relations, production, and distribution delivering over 2.1 billion downloads per year with a community of 250 of the top podcasters, including Adam Carolla, Kaitlyn Bristowe, Jordan Harbinger, LadyGang, A&E's Cold Case Files and Varnamtown. PodcastOne has built a distribution network reaching over 1 billion listeners a month across all of its own properties, LiveOne (Nasdaq: LVO), Spotify, Apple Podcasts, iHeartRadio, Samsung and over 150 shows exclusively available in Tesla vehicles. PodcastOne is also the parent company of LaunchpadOne, an innovative self-serve platform developed to launch, host, distribute and monetize independent user-generated podcasts. For more information, visit PodcastOne.com and follow us on Facebook, Instagram, YouTube and Twitter at @podcastone. For more investor information, please visit ir.podcastone.com/overview/default.aspx.

About LiveOne, Inc.
Headquartered in Los Angeles, CA, LiveOne (Nasdaq: LVO) 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. LiveOne's wholly-owned subsidiaries include Slacker Radio, PodcastOne (Nasdaq: PODC), PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify and Splitmind. LiveOne is available on iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and through STIRR’s OTT applications. For more information, visit liveone.com and follow us on Facebook, Instagram, TikTok, YouTube and Twitter at @liveone. For more investor information, please visit ir.liveone.com.

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: LiveOne’s reliance on one key customer for a substantial percentage of its revenue; LiveOne’s and PodcastOne’s ability to consummate any proposed financing, acquisition, merger, distribution or transaction, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; PodcastOne’s ability to continue as a going concern; PodcastOne’s ability to attract, maintain and increase the number of its listeners; PodcastOne identifying, acquiring, securing and developing content; LiveOne’s intent to repurchase shares of its and/or PodcastOne’s common stock from time to time under LiveOne’s announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; LiveOne’s ability to maintain compliance with certain financial and other covenants; PodcastOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management’s relationships with industry stakeholders; uncertain and unfavorable outcomes in legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of PodcastOne, LiveOne and/or LiveOne’s other subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in PodcastOne’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 1, 2024, PodcastOne’s Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2024, filed with the SEC on August 13, 2024, and in PodcastOne’s other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and PodcastOne disclaims any obligation to update these statements, except as may be required by law. PodcastOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

Press Contacts:

For PodcastOne
310.246.4600
Susan@Guttmanpr.com

Investor Relations:
Jason Assad
678-570-6791
jwassad@podcastone.com