LiveOne's (Nasdaq LVO) Splitmind Subsidiary Contributes to 15 BET and AMA Nominations for SZA and GloRilla

Rhea-AI Summary

LiveOne's (NASDAQ: LVO) subsidiary Splitmind has achieved significant recognition through its production contributions, leading to 15 combined BET and AMA nominations for artists SZA and GloRilla. The company's production work includes SZA's "Chill Baby," co-produced by Splitmind's Calvin Dickinson and Lil Yachty, and GloRilla's "Glo's Prayer" co-produced by Steven Schaefferr. Notably, SZA's "SOS" album has achieved 6x Platinum status, selling over 6 million units and generating more than 100 million streams on Billboard-topping singles, contributing to significant recurring revenues.

Positive

• SZA's 'SOS' album achieves 6x Platinum status with 6M+ units sold
• Over 100M streams generated from Billboard-topping singles
• Significant recurring revenue generation from streaming
• Recognition through 15 BET and AMA nominations for associated artists

Negative

• None.

- *6x Platinum*: SZA's "SOS" album sells 6M+ units, with 100M+ streams on Billboard-topping singles, driving significant recurring revenues.

- SZA’s “Chill Baby” Co-Produced by Splitmind’s Calvin Dickinson and Lil Yachty

- Splitmind’s Steven Schaefferr Co-Produced GloRilla’s “Glo’s Prayer”

LOS ANGELES, May 16, 2025 (GLOBE NEWSWIRE) -- LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment, and technology platform, announced today that subsidiary Splitmind’s production has contributed to a combined 15 BET and AMA nominations for SZA and GloRilla.

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 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 extend and/or refinance its indebtedness and/or repay its indebtedness when due; 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

How many BET and AMA nominations did LiveOne's Splitmind subsidiary contribute to in 2025?

LiveOne's Splitmind subsidiary contributed to a total of 15 BET and AMA nominations for artists SZA and GloRilla in 2025.

What is the streaming performance of SZA's 'SOS' album produced by LiveOne's Splitmind (NASDAQ: LVO)?

SZA's 'SOS' album achieved 6x Platinum status with over 6 million units sold and generated more than 100 million streams on Billboard-topping singles.

Which songs did Splitmind produce for SZA and GloRilla?

Splitmind's Calvin Dickinson co-produced SZA's 'Chill Baby' with Lil Yachty, while Steven Schaefferr co-produced GloRilla's 'Glo's Prayer'.

How does LiveOne (LVO) generate revenue from Splitmind's music production?

LiveOne generates significant recurring revenues through streaming of Splitmind-produced songs, particularly from SZA's Billboard-topping singles which have accumulated over 100M streams.