Friday, May 8, 2020

LiveXLive Acquires PodcastOne

Los Angeles-based LiveXLive announced this morning that it has acquired Los Angeles-based PodcastOne, a subscription and advertiser-supported podcasting network. According to LiveXLive, the deal is worth $18.1M. LiveXLive said that PodcastOne produces over 350 episodes per week, and had gross revenues of $27.5M in calendar year 2019. The company said the acquisition of PodcastOne will help it enter what is a rapidly growing podcast market, and that the acquisition will be accretive, strengthen its balance sheet, and also diversify its business model. PodcastOne's library of podasts includes shows from Adam Carolla, A&E's Cold Case Files, Steve Austin, Shaquille O'Neal, Tip "T.I." Harris, Dr. Drew, Heather and Terry Dubrow, Chael Sonnen, Kaitlyn Bristowe, LadyGang, Mike Tyson, Rich Eisen, Spencer and Heidi Pratt, Autumn Calabrese, Demi Burnett, Gals on the Go, and others.