LiveOne's (NASDAQ: LVO) Drumify Produces Lead Single for Wizkid's Album 'Morayo,' Achieving 100 Million Streams in First 48 hours, Adding to LVO’s growing Publishing Catalog

Rhea-AI Summary

LiveOne's subsidiary Splitmind has achieved a significant milestone as executive producer of the lead single for Wizkid's new album 'Morayo', which garnered 100 million streams within 48 hours of release. The album set a record as the highest-streamed debut for an African artist. Splitmind's recent collaborations include work with notable artists GloRilla, Brent Faiyaz, KYLE, Russ, and Blxst. Additionally, Drumify, another LiveOne venture, reported record revenues for October and plans to launch its first generative AI platform for beats and sounds through a partnership with Seekr and Intel.

Positive

• Lead single achieved 100 million streams in first 48 hours
• Record-breaking album debut for African artist category
• Drumify achieved record revenues in October
• Strategic partnership with Seekr and Intel for AI platform development

Negative

• None.

"Morayo" Became the Highest Streamed Album Debut Ever for an African Artist

Recent Releases from Splitmind Include Major Collaborations with GloRilla, Brent Faiyaz, KYLE, Russ, and Blxst

Drumify Achieves Record Revenues for October

Drumify to Launch First Generative A1 Platform for Beats and Sounds with Seekr and Intel Partnership

LOS ANGELES, Nov. 26, 2024 (GLOBE NEWSWIRE) -- LiveOne, Inc. (NASDAQ: LVO), a leader in the entertainment landscape, is thrilled to announce its subsidiary Splitmind has executive produced the lead single for Wizkid’s new album “Morayo,” which has achieved 100 million streams in the first 48 hours since release.

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 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

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FAQ

How many streams did Wizkid's 'Morayo' album get in its first 48 hours?

Wizkid's 'Morayo' album, featuring LiveOne's (LVO) Splitmind-produced lead single, achieved 100 million streams within the first 48 hours of release.

What new technology is LiveOne's (LVO) Drumify developing?

Drumify is developing its first generative AI platform for beats and sounds in partnership with Seekr and Intel.

How did Drumify perform financially in October 2024?

Drumify, LiveOne's (LVO) subsidiary, achieved record revenues for October 2024.