LiveOne (NASDAQ: LVO) and KYLE Launch and Live Stream his New Album
Rhea-AI Summary
LiveOne (NASDAQ: LVO) announces the launch and live streaming of rapper KYLE's new album 'LVL 1: At Least It Was Fun', executive produced by its subsidiary Splitmind. The album showcases LVO's growth pillars: streaming, music publishing, music production, and celebrity products. Splitmind, a music collective with over 2B streams and 300% YOY revenue growth, collaborated with Grammy-winning producer Steven Shaeffer on this project. LiveOne's streaming platform has reached 200+ million viewers with 5 billion engagements across 220 countries. The company recently entered the $100B coffee market through Smyle Coffee acquisition in partnership with KYLE.
Positive
- Splitmind subsidiary reports 300% year-over-year revenue growth
- Platform reaches over 200M viewers with 5B engagements across 220 countries
- Splitmind's catalog includes 40,000 copyrights and 2B streams
- Strategic expansion into $100B coffee market through Smyle Coffee acquisition
Negative
- None.
News Market Reaction
On the day this news was published, LVO declined 6.18%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Event to Showcase 4 Pillars of Growth for LVO: Streaming, Music Publishing, Music Production and Celebrity Products
- LiveOne Subsidiary Splitmind Executive Produced the Album
- LiveOne Entered
$100B Coffee Market Acquiring Smyle Coffee in Partnership with KYLE in 2024 - Music Fans Can Live Stream “LVL 1: At Least It Was Fun” Album Listening Party on Thursday, November 7th at 10pm PT on LiveOne.com
KYLE has 4.5M Monthly Spotify Listeners, 6+M Social Media Followers
Splitmind Music Collective has Over 2B Streams across 100+ Major Label Releases and Increased Revenues
LiveOne is Dominating Live Streaming with Impressive Milestones:
- 200+ Million Viewers Reached
- 5 Billion Engagements with Fans Across 220 Countries
- Streamed Over 360 Events
LiveOne has Streamed 3200 Artists, including:
- Taylor Swift
- Adele
- Justin Beiber
- Bruce Springsteen
- Drake
- Post Malone
- Olivia Rodrigo
LOS ANGELES, Nov. 07, 2024 (GLOBE NEWSWIRE) -- LiveOne Brands, a division of LiveOne, Inc. (NASDAQ: LVO), a leader in the entertainment landscape, is thrilled to announce its subsidiary Splitmind has executive produced rapper KYLE’s new album “LVL 1: At Least It Was Fun.” Executive produced by Steven Shaeffer & KYLE, the project is a collaborative effort between Grammy Winning Producer Steven Shaeffer and Global Billboard charting artist KYLE. The album releases on November 8th, 2024.
About LiveOne, Inc.
LiveOne, Inc. is an award-winning, creator-first, music, entertainment, and technology platform delivering premium experiences and content worldwide. With subsidiaries like Slacker Radio and PodcastOne, LiveOne has garnered accolades for its innovative approach, including the Best Live Moment award by Digiday for the "Social Gloves" PPV Event.
About KYLE
Kyle Thomas Harvey, known mononymously as Kyle and SuperDuperKyle, is an American rapper, singer, songwriter, and actor from Ventura, California. He is best known for his 2016 breakout single "iSpy", which peaked at number 4 on the Billboard Hot 100. He has 5 million monthly listeners on Spotify, 2 million+ subscribers on Youtube and 1.8M Instagram Followers, 1.5M followers on TikTok.
About Splitmind
Founded by Aidan “Halfway” Crotinger in 2020, Splitmind is a Los Angeles-based music collective of producers and writers from all over the world, including Grammy-winning, multi-platinum producer Jakik. Splitmind’s catalog includes 40,000 copyrights and 2 billion streams. Splitmind provides an infrastructure that allows creatives to share sounds while retaining their royalties - paving the path to give producers long-term ownership of their copyrights. Splitmind is a majority-owned subsidiary of LiveOne (NASDAQ: LVO) and was acquired by LiveOne in 2023.
For media inquiries, please contact:
LiveOne IR Contact :
Liviakis Financial Communications, Inc.
(415) 389-4670
john@liviakis.com
LiveOne Press Contact :
LiveOne
press@liveone.com
Follow LiveOne on social media: Facebook, Instagram, TikTok, YouTube, and Twitter at @liveone.
FAQ
When will KYLE's new album 'LVL 1: At Least It Was Fun' be released on LiveOne (LVO)?
How many streams has LiveOne's (LVO) subsidiary Splitmind achieved?
What are LiveOne's (LVO) four pillars of growth announced with KYLE's album launch?
What is LiveOne's (LVO) reach in terms of viewer engagement?
