LiveOne (Nasdaq: LVO) Announces Renewed Partnership with Tesla Through May 2026
LiveOne, Inc. (LVO)
Company Research
Source: GlobeNewswire
LOS ANGELES, Oct. 01, 2024 (GLOBE NEWSWIRE) -- LiveOne (NASDAQ: LVO), a leading digital media company, today announced an amended partnership with Tesla. Key Highlights: 1. Effective Oct 1, 2024: Tesla replaces streaming button with LiveOne's in perpetuity2. LiveOne 2.0 launches, providing subscribers access to music on all devices3. 1.9 million subscribers can convert to Premium/Plus services4. Potential 3x increase in Average Revenue Per User (ARPU) 5. As of Dec 1, 2024, Tesla will no longer subsidize LiveOne products to some of its customers, however, LiveOne will offer all Tesla customers discounted LiveOne music packages6. Tesla will continue to pay LiveOne monthly for grandfathered users in perpetuity "The conversion opportunity has enormous upside by offering Tesla owners an opportunity to upgrade and have access on all devices at discounted priority pricing” said Robert Ellin, CEO of LiveOne. "We'll drive growth, unlock new revenue streams, own our data, and increas
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LVO
Earnings
- 11/7/24 - Miss
LVO
Sec Filings
- 11/15/24 - Form 4
- 11/15/24 - Form 4
- 11/15/24 - Form 4
- LVO's page on the SEC website