Rebrands subsidiary as CPSOne and partners with Michael Schnieder to roll up streetwear brands

LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment and technology platform, announced today that it has completed a $2M restructuring of its clothing and accessories subsidiary, Custom Personalization Solutions (CPS), which LiveOne has rebranded as CPSOne. The restructuring includes a partnership between LiveOne and fashion industry expert Michael Schnieder, created to roll up various streetwear and celebrity brands of athletic footwear, tshirts, ball caps and other casual wear.

LiveOne’s CEO and Chairman, Robert Ellin, said, “This is an exciting time for LiveOne, as we endeavor to restructure all our subsidiaries and divisions to make them more profitable. Michael’s expertise in building brands in the fashion world is impressive, and we are anticipating some great things out of this partnership.”

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 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. 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'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. LiveOne is available on iOS, Android, Roku, Apple TV, Amazon Fire, and through OTT, STIRR, and XUMO. For more information, visit liveone.com and follow us on Facebook, Instagram, TikTok, and Twitter at @liveone.

Forward-Looking Statements

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** Included in the total number of members for the reported periods are certain members which are the subject of a contractual dispute. LiveOne is currently not recognizing revenue related to these members.

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