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Key Highlights:

• Former Chairman and CEO of both NASDAQ and NYSE companies, including Premiere Radio, the largest radio network in the U.S., acquired by iHeartMedia
• Lead LiveOne鈥檚 M&A efforts
• Enhance and expand strategic and business initiatives in both live and video platforms
  

Notable Experience:

• Board member of Valkyrie Bitcoin ETF(Nasdaq) sold to CoinShares
  

LOS ANGELES, June 09, 2025 (GLOBE NEWSWIRE) -- LiveOne (), an award-winning, creator-first, music, entertainment, and technology platform, announced today the appointment of Steve Lehman as its Vice Chairman. Lehman will leverage his extensive background in business and finance having headed both Nasdaq and NYSE companies, as well as start-up businesses in the media, entertainment, and tech industries.

Lehman has extensive experience on both boards of directors, and advisory boards, with companies including Vymedic Biotech, Valkyrie Bitcoin ETF (Nasdaq), CoFoundersLab, DocuSign, Krach Institute for Tech Deplomacy, Ucode and multiple other funded start-ups.

Robert Ellin, Chairman and CEO of LiveOne, commented, 鈥淲e are excited to welcome Steve Lehman to LiveOne. His extensive expertise in content, media, and strategic growth aligns perfectly with our vision as we continue to innovate and expand in the digital entertainment landscape.鈥�

About LiveOne
Headquartered in Los Angeles, CA, LiveOne (Nasdaq:聽) 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. LiveOne's subsidiaries include Slacker, PodcastOne (Nasdaq:聽), PPVOne, CPS, LiveXLive, DayOne Music Publishing, 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聽听补苍诲 follow us on聽,听,听,听听补苍诲 X 补迟听. For more investor information, please visit聽.

Forward-Looking Statements
All statements other than statements of historical facts contained in this press release are 鈥渇orward-looking statements,鈥� which may often, but not always, be identified by the use of such words as 鈥渕ay,鈥� 鈥渕ight,鈥� 鈥渨ill,鈥� 鈥渨ill likely result,鈥� 鈥渨ould,鈥� 鈥渟hould,鈥� 鈥渆stimate,鈥� 鈥減lan,鈥� 鈥減roject,鈥� 鈥渇orecast,鈥� 鈥渋ntend,鈥� 鈥渆xpect,鈥� 鈥渁nticipate,鈥� 鈥渂elieve,鈥� 鈥渟eek,鈥� 鈥渃ontinue,鈥� 鈥渢arget鈥� or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: LiveOne鈥檚 reliance on its largest OEM customer for a substantial percentage of its revenue; LiveOne鈥檚 ability to consummate any proposed financing, acquisition, spin-out, special dividend, merger, distribution or transaction, the timing of the consummation of any such proposed event, including the risks that a condition to the consummation of any such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, merger, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; LiveOne鈥檚 ability to continue as a going concern; LiveOne鈥檚 ability to attract, maintain and increase the number of its users and paid members; LiveOne identifying, acquiring, securing and developing content; LiveOne鈥檚 intent to repurchase shares of its and/or PodcastOne鈥檚 common stock from time to time under LiveOne鈥檚 announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; LiveOne鈥檚 ability to maintain compliance with certain financial and other debt covenants; LiveOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management鈥檚 relationships with industry stakeholders; LiveOne鈥檚 ability to repay its indebtedness when due; LiveOne鈥檚 ability to satisfy the conditions for closing on its announced additional convertible debentures financing; uncertain and unfavorable outcomes in legal proceedings and/or LiveOne鈥檚 ability to pay any amounts due in connection with any such legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of LiveOne鈥檚 subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in LiveOne鈥檚 Annual Report on Form 10-K for the fiscal year ended March 31, 2024, filed with the U.S. Securities and Exchange Commission (the 鈥淪EC鈥�) on July 1, 2024, Quarterly Report on Form 10-Q for the quarter ended December 31, 2024, filed with SEC on February 14, 2025,听and in LiveOne鈥檚 other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and LiveOne disclaims any obligation to update these statements, except as may be required by law. LiveOne intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

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