The Company's wholly-owned subsidiaries include Slacker Radio, React Presents, Gramophone Media, Palm Beach Records, Custom Personalization Solutions, LiveXLive, PPVOne and PodcastOne, which generates more than 2.48 billion downloads per year and 300+ episodes distributed per week across its stable of top-rated podcasts. As of January 17, 2023, the Company has accrued a paid and free ad-supported membership base of 2.7 million**, streamed over 2,900 artists, has a library of 30 million songs, 600 curated radio stations, over 300 podcasts/vodcasts, hundreds of pay-per-views, personalized merchandise, released music-related NFTs, and created a valuable connection between fans, brands, and bands. The Company was awarded Best Live Moment by Digiday for its "Social Gloves" PPV Event, and has been a finalist for 8 more awards, including Best Live Event, Best Virtual Event, Best Overall Social Media Excellence, and Best Original Programming from Cynopsis and Digiday. (NASDAQ: LVO) (the "Company") 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. Headquartered in Los Angeles, California, LiveOne, Inc. The details of the debt exchange transaction are fully described in LiveOne’s Current Report on Form 8-K filed with the U.S. LiveOne’s CEO and Chairman, Robert Ellin, commented, "The exchange of $21 million of debt for our equity, coupled with the previously implemented annual cost savings anticipated to total over $30 million in the current fiscal year ending March 31, 2023, puts LiveOne in the strongest financial position in the history of the Company." exchanged a total of $21 million of existing debt into LiveOne’s preferred stock convertible into shares of LiveOne’s common stock at $2.10 per share. LOS ANGELES, February 07, 2023-( BUSINESS WIRE)-LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment and technology platform, announced today that Harvest Small Cap Partners, L.P., Harvest Small Cap Partners Master, Ltd. Company Separately Restructures $5.4 Million of Payables into Long Term Liabilities.
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