LiveOne (Nasdaq: LVO) Expands Web3/Crypto Advisory Board, Bringing Back Andy Vick

Rhea-AI Summary

LiveOne (NASDAQ: LVO) has announced the addition of Andy Vick to its Web3/Crypto Advisory Board. Vick brings significant expertise with 15+ years of leadership in media, technology, AI, VR/AR, and blockchain. His track record includes co-founding NFT and Web3 projects that generated over $100 million in primary sales and designing NFTs for Social Gloves that delivered $3 million in profits.

Vick's notable achievements include founding a top 5 blockchain-enabled video game and successful exits such as Maker Studios' $750 million acquisition by Disney. LiveOne plans to leverage his expertise to monetize its extensive content library of 200+ podcasters and 10,000+ hours of video content through tokenization and blockchain initiatives.

Positive

• Appointment of experienced Web3 leader with proven $100M+ NFT project success
• Previous success in generating $3M profits from Social Gloves NFTs
• Strategic focus on monetizing extensive content library through blockchain
• Track record of successful exits including $750M Maker Studios sale

Negative

• Heavy reliance on volatile NFT and crypto markets for future revenue growth

• Co-founder of multiple NFT and Web3 projects generating over $100 million in primary sales
• Brings 15+ years of leadership in media and technology communities, AI, VR/AR, and blockchain technology
• Designed and developed NFT for Social Gloves delivering over $3M in profits
• Founder of a top 5 blockchain-enabled video game

Notable Exits:

• Maker Studios – Acquired by Disney for $750 million
• Surreal VR Inc – Acquired by STX Entertainment

LOS ANGELES, Aug. 07, 2025 (GLOBE NEWSWIRE) -- LiveOne (NASDAQ: LVO), an award-winning, creator-first, music, entertainment, and technology platform, announced today that Any Vick will be joining the Web3/Crypto Advisory Board.

Robert Ellin, Chairman and CEO of LiveOne stated, “By leveraging Andy Vick's expertise, LVO aims to drive substantial revenues and tap into new tokenization and blockchain opportunities with our 200+ podcasters and over 10,000 hours of video content.”

“I’m excited to rejoin Rob and the LiveOne team,” commented Andy Vick. “We see much bigger tailwinds ahead—even beyond the $3 million in NFT profits generated with Social Gloves.”

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, Custom Personalization Solutions, LiveXLive, DayOne Music Publishing, Drumify and Splitmind. LiveOne, a dedicated over-the-top application powered by Slacker, 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,” “could,” “believe,” “seek,” “continue,” “contemplate,” “predict,” “potential,” “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 (including the public offering announced in this press release), 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 (including the public offering announced in this press release) 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 ability to implement its recently announced crypto treasury strategy and/or purchase crypto assets from time to time pursuant to such strategy, including for the maximum announced amount; 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; significant legal, commercial, regulatory and technical uncertainty and risks related to Bitcoin, Ethereum and other digital assets; regulatory developments related to crypto assets and crypto asset markets; 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, 2025, filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 15, 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 Andy Vick and why did LiveOne (NASDAQ: LVO) add him to their Web3 Advisory Board?

Andy Vick is a veteran technology leader with 15+ years experience in media, AI, VR/AR, and blockchain. He was added for his expertise in Web3, having co-founded projects generating over $100M in NFT sales and delivering $3M in profits through Social Gloves NFTs.

What are LiveOne's (LVO) plans for blockchain and NFT development?

LiveOne plans to leverage Andy Vick's expertise to develop tokenization and blockchain opportunities for their 200+ podcasters and 10,000+ hours of video content, aiming to drive substantial revenues.

What is Andy Vick's track record in the technology industry?

Andy Vick has notable exits including Maker Studios (acquired by Disney for $750M) and Surreal VR Inc (acquired by STX Entertainment). He's also founded a top 5 blockchain-enabled video game and led Web3 projects with $100M+ in primary sales.

How much content does LiveOne (NASDAQ: LVO) have available for potential tokenization?

LiveOne has a substantial content library including over 200 podcasters and more than 10,000 hours of video content available for potential tokenization and blockchain initiatives.

What was Andy Vick's previous success with NFTs at Social Gloves?

Andy Vick designed and developed NFTs for Social Gloves that delivered over $3 million in profits, demonstrating his ability to successfully monetize digital assets.