Entertainment and technology platform LiveOne announced that Courtside Group, doing business as PodcastOne, filed a registration statement with the Securities and Exchange Commission for its planned spin-out and special dividend to LiveOne’s stockholders of record on January 16, 2023. PodcastOne is expected to record revenues of $25M for the first nine months of fiscal 2023 ending December 31, 2022. LiveOne said it remains committed to spinning-out PodcastOne as a separate public company to be listed on a national exchange. In connection with such spin-out, LiveOne has moved the record date to Jan. 16, 2023 for PodcastOne’s special dividend to LiveOne’s stockholders of record. In addition, LiveOne intends to explore spinning-out SlackerOne as a separate public company during its 2024 fiscal year.
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