LiveOne (Nasdaq: LVO) Appoints Steve Lehman as Vice Chairman

Rhea-AI Summary

LiveOne (Nasdaq: LVO) has appointed Steve Lehman as Vice Chairman, bringing significant leadership experience to the creator-first music, entertainment, and technology platform. Lehman's extensive background includes serving as Chairman and CEO of both NASDAQ and NYSE companies, notably Premiere Radio Networks, which became the largest radio network in the U.S. before being acquired by iHeartMedia. His experience spans board positions with notable companies including Valkyrie Bitcoin ETF, DocuSign, and the Krach Institute for Tech Diplomacy. In his new role, Lehman will focus on leading M&A efforts and expanding LiveOne's strategic initiatives in live and video platforms.

Positive

• Appointment of experienced executive with proven track record leading NASDAQ and NYSE companies
• Strategic focus on M&A opportunities and business expansion
• Addition of leader with extensive board experience in media, entertainment, and tech industries

Negative

• None.

Key Highlights:

• Former Chairman and CEO of both NASDAQ and NYSE companies, including Premiere Radio, the largest radio network in the U.S., acquired by iHeartMedia
• Lead LiveOne’s M&A efforts
• Enhance and expand strategic and business initiatives in both live and video platforms
  

Notable Experience:

• Board member of Valkyrie Bitcoin ETF(Nasdaq) sold to CoinShares
  

LOS ANGELES, June 09, 2025 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment, and technology platform, announced today the appointment of Steve Lehman as its Vice Chairman. Lehman will leverage his extensive background in business and finance having headed both Nasdaq and NYSE companies, as well as start-up businesses in the media, entertainment, and tech industries.

Lehman has extensive experience on both boards of directors, and advisory boards, with companies including Vymedic Biotech, Valkyrie Bitcoin ETF (Nasdaq), CoFoundersLab, DocuSign, Krach Institute for Tech Deplomacy, Ucode and multiple other funded start-ups.

Robert Ellin, Chairman and CEO of LiveOne, commented, “We are excited to welcome Steve Lehman to LiveOne. His extensive expertise in content, media, and strategic growth aligns perfectly with our vision as we continue to innovate and expand in the digital entertainment landscape.”

About LiveOne
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 subsidiaries include Slacker, 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 X 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 its largest OEM customer for a substantial percentage of its revenue; LiveOne’s ability to consummate any proposed financing, acquisition, spin-out, special dividend, 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, spin-out, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; LiveOne’s ability to continue as a going concern; LiveOne’s ability to attract, maintain and increase the number of its users and paid members; LiveOne 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 debt covenants; LiveOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management’s relationships with industry stakeholders; LiveOne’s ability to repay its indebtedness when due; LiveOne’s ability to satisfy the conditions for closing on its announced additional convertible debentures financing; uncertain and unfavorable outcomes in legal proceedings and/or LiveOne’s ability to pay any amounts due in connection with any such legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of LiveOne’s subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in LiveOne’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, Quarterly Report on Form 10-Q for the quarter ended December 31, 2024, filed with SEC on February 14, 2025, and in LiveOne’s other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and LiveOne disclaims any obligation to update these statements, except as may be required by law. LiveOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

LiveOne Press Contact:

press@liveone.com

Follow LiveOne on social media: Facebook, Instagram, TikTok, YouTube, and X at @liveone.

FAQ

Who is Steve Lehman and what is his new role at LiveOne (LVO)?

Steve Lehman has been appointed as Vice Chairman of LiveOne. He is a former Chairman and CEO of both NASDAQ and NYSE companies, including Premiere Radio, and will lead M&A efforts and strategic initiatives.

What is Steve Lehman's previous experience before joining LiveOne (LVO)?

Lehman was previously Chairman and CEO of Premiere Radio Networks, and has served on boards of various companies including Valkyrie Bitcoin ETF, DocuSign, and the Krach Institute for Tech Diplomacy.

What will be Steve Lehman's main responsibilities at LiveOne (LVO)?

As Vice Chairman, Lehman will lead LiveOne's M&A efforts and enhance strategic and business initiatives in both live and video platforms.

How does Steve Lehman's appointment align with LiveOne's (LVO) strategy?

His expertise in content, media, and strategic growth aligns with LiveOne's vision for innovation and expansion in the digital entertainment landscape.