Granted Equity Awards Valued at Over $5 Million
LOS ANGELES, CA, Sept. 15, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – PodcastOne (NASDAQ: PODC) a leading podcast platform and a subsidiary of LiveOne (NASDAQ: LVO), announced today that it plans to award to its active hosts and all current employees equity in PodcastOne through shares of its common stock. PodcastOne, which made its NASDAQ debut on September 8, 2023, plans to award nearly 100 individuals with various equity awards.
“PodcastOne has first and foremost always been a family. Making these equity awards allows PodcastOne to honor the hard work and commitment to growth our employees and staff have shown throughout the years no matter what stage of their career they are currently in. We are all partners in this business of podcasting, some for over a decade, and now through company equity, we’re truly all in this together,” said PodcastOne’s President and co-Founder, Kit Gray.
Podcasting partners which are anticipated to receive equity in PodcastOne include longtime podcast hosts Adam Carolla (The Adam Carolla Podcast), one of the network’s original show hosts, Jordan Harbinger (The Jordan Harbinger Show) Kaitlyn Bristowe (Off The Vine), T-Pain (Nappy Boy Radio), Brooke Miccio and Danielle Caroland (Gals On The Go) and Keltie Knight, Becca Tobin and Jac Vanek (LadyGang). Additionally, new to PodcastOne talent Brendan Schaub (The Fighter and The Kid, The Schaub Show), Natalie Buck and Sara Gretzky (Causing a Scene) and Jennifer Welch and Angie “Pumps” Sullivan of the smash hit I’ve Had It, received equity awards as well.
“We’re proud that we are able to grant equity to our hosts. Each of our hosts puts in countless hours to deliver the best possible podcast and giving them the opportunity to have ownership, to be the first podcast company to do so across the board, is a milestone moment for PodcastOne,” said Eli Dvorkin, Chief Content Officer of PodcastOne.
PodcastOne’s network of top charting news, comedy, society, true crime and culture genre programming, including The Jordan Harbinger Show, Baby Mamas No Drama, Coffee Convos, When Reality Hits with Jax Taylor and Brittany Cartwright, Off The Vine with Kaitlyn Bristowe and Bad Bad Thing are available on PodcastOne, Apple Podcasts, Spotify, iHeart and wherever podcasts are heard.
The planned equity awards will be made subject to obtaining applicable approvals and complying with applicable securities laws, which PodcastOne anticipates to receive shortly.
PodcastOne (Nasdaq: PODC) is a Los Angeles based podcast network founded in 2012 by Kit Gray and Norm Pattiz providing creators and advertisers with a full 360-degree solution in sales, marketing, public relations, production, and distribution delivering over 2.1 billion downloads per year with a community of 250 of the top podcasters, including Adam Carolla, Kaitlyn Bristowe, Jordan Harbinger, LadyGang, I’ve Had It, and A&E’s Cold Case Files. PodcastOne has built a distribution network reaching over 1 billion listeners a month across all of its own properties, LiveOne (Nasdaq: LVO), Spotify, Apple Podcasts, iHeartRadio, Samsung and over 150 shows exclusively available in Tesla vehicles. PodcastOne is also the parent company of LaunchpadOne, an innovative self-serve platform developed to launch, host, distribute and monetize independent user-generated podcasts. For more information, visit podcastone.com and follow us on Facebook, Instagram, YouTube and Twitter at @podcastone.
About LiveOne, Inc.
Headquartered in Los Angeles, California, LiveOne, Inc. (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. The Company’s wholly-owned subsidiaries include Slacker Radio, PodcastOne (Nasdaq: PODC), PPVOne, Gramophone Media, Palm Beach Records, CPS, LiveXLive, 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 Twitter at @liveone.
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