LiveOne (Nasdaq: LVO) to Launch Subsidiary LiveOneAfrica in Partnership with Virtuosity Music Group

• Targeting the massive market with 100M+ subscribers generating over $500M  revenues
• Jared Fox, the CEO of UK Structured Finance Ltd, engaged to raise $20M for the  partnership

LOS ANGELES, Oct. 20, 2025 (GLOBE NEWSWIRE) -- LiveOne, Inc. (Nasdaq: LVO), a leading  music, entertainment, and social platform delivering premium livestreams, digital media, and original content worldwide, today announced that it has signed a Letter of Intent (“LOI”) to launch LiveOneAfrica, a new venture designed to expand the  company’s footprint into one of the fastest-growing music and entertainment markets in the world.

The partnership, formed Virtuosity Music Group, outlines the framework for UK Structured Finance Ltd raising $20M to support LiveOne’s strategic initiatives in Europe and Africa, including the buildout of digital infrastructure, artist partnerships, and localized live and on-demand streaming content.

UK Structured Finance Ltd brings a proven track record of success in capital  formation and project finance across multiple sectors, including media, technology, infrastructure, and sustainable energy. The firm has successfully structured and raised hundreds of millions of dollars through its investor network and is recognized for delivering innovative financial solutions that bridge strategic capital with transformative ventures. Its participation underscores institutional confidence in the potential of LiveOneAfrica and the strength of this partnership.

“Africa is redefining the global music landscape,” said Robert Ellin, Chairman and CEO of LiveOne. “Through this partnership, we’ll connect LiveOne’s technology and artist ecosystem with one of the most vibrant creative markets in the world.”

Virtuosity Music Group, an international music and entertainment company with deep ties to African and global artists, will collaborate with LiveOne to identify and develop talent, co-produce original content, and coordinate live events and digital experiences across key African markets. “LiveOneAfrica will redefine African entertainment and deepen the growth of African music Globally”, said Felix Nnadozie CEO Virtuosity Music Group.

About LiveOne

Headquartered in Los Angeles, CA, LiveOne (Nasdaq: ) 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: ), PPVOne, Custom Personalization Solutions, LiveXLive, DayOne  Music Publishing, Drumify and Splitmind. LiveOne, a dedicated over-the-top application powered by Slacker, is available on iOS, Android, Roku, Apple TV, Spotify, Samsung, Amazon Fire, Android TV, and through STIRR's OTT applications. For more information, visit  and follow us on , , ,  and X at . For more investor information, please visit .

Forward-Looking Statements

All statements other than statements of historical facts contained in this press release are “forward-looking statements,” which may often, but not always, be identified by the use of such words as “may,” “might,” “will,” “will likely result,” “would,” “should,” “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “could,” “believe,” “seek,” “continue,” “contemplate,” “predict,” “potential,” “target” 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’s reliance on its largest OEM customer for a substantial percentage of its revenue; LiveOne’s ability to consummate any proposed financing (including the public offering announced in this press release), 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 (including the public offering announced in this press release) 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 stockholder value; LiveOne’s ability to continue as a going concern; LiveOne’s ability to attract, maintain and increase the number of its users and paid members; LiveOne identifying, acquiring, securing and developing content; LiveOne’s ability to implement its recently announced crypto treasury strategy and/ or purchase crypto assets from time to time pursuant to such strategy, including for the maximum announced amount; LiveOne’s intent to repurchase shares of its and/or PodcastOne’s common stock from time to time under LiveOne’s  announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; LiveOne’s 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’s relationships with industry stakeholders; LiveOne’s ability to repay its indebtedness when due; LiveOne’s ability to satisfy the conditions for closing on its announced additional convertible debentures financing; uncertain and unfavorable outcomes in legal proceedings and/or LiveOne’s ability to pay any amounts due in connection with any such legal proceedings; significant legal, commercial, regulatory and technical uncertainty and risks related to Bitcoin, Ethereum and other digital assets; regulatory developments related to crypto assets and crypto asset markets; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of LiveOne’s subsidiaries; and other risks, uncertainties and factors  including, but not limited to, those described in LiveOne’s Annual Report on Form 10-K for the fiscal year ended March 31, 2025, filed with the U.S. Securities and Exchange Commission (the “SEC”) on July 15, 2025, and in LiveOne’s 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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