LiveOne (Nasdaq: LVO) Appoints Steve Lehman as Vice Chairman
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's 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 (Nasdaq: LVO), 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, 'We 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.'
About LiveOne
Headquartered in Los Angeles, CA, LiveOne (Nasdaq: LVO) 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: PODC), 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 liveone.com and follow us on Facebook, Instagram, TikTok, YouTube and X at @liveone. For more investor information, please visit ir.liveone.com.
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,' 'believe,' 'seek,' 'continue,' '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, 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'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 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; 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, 2024, filed with the U.S. Securities and Exchange Commission (the 'SEC') on July 1, 2024, Quarterly Report on Form 10-Q for the quarter ended December 31, 2024, filed with SEC on February 14, 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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
an hour ago
- Globe and Mail
Analysts: 1 Thing Apple Could Do to Make AAPL Stock a Buy Again Now
Apple (AAPL) remains one of the world's most valuable companies, but recent market performance and analyst sentiment suggest cracks in its premium valuation. Needham downgraded AAPL to 'Hold,' in part based on decelerating earnings growth, constrained innovation in generative AI, and mounting pressures on the commission-based model of the App Store. Analyst Laura Martin also emphasized that Apple could materially improve its bull case by 'aggressively pursuing' advertising revenue, an underdeveloped but potentially lucrative growth channel. With the stock still trading at over 26 times forward earnings, above the company's 10-year median and the S&P 500 Index ($SPX) in general, shareholders are questioning the growth thesis. Apple's Q2 FY2025 results displayed modest gains, with a 5% year-over-year increase in revenue to $95.4 billion and a rise in EPS of 8% to $1.65. Those gains, however, are behind those of competitors such as Amazon (AMZN) and Google (GOOGL), which exhibited much greater margin expansion and accelerating revenue. While Apple is still a powerhouse in premium hardware, analysts contend that its ecosystem requires a fresh growth trigger, such as advertising. About Apple Stock Apple (AAPL) is mega-cap tech giant focused on consumer electronics, software, and online services. Based in Cupertino, California, Apple has a market cap above $3 trillion fueled by flagship devices like the iPhone, iPad, and Mac, and cloud-based services like iCloud and Apple Music. AAPL shares have fallen about 21% from their 52-week high point of $260.10, most recently priced at about $205. After a brief recovery, the stock continues to trail the S&P 500's small YTD return of 2.1%. Some analysts now see lower levels, in the range of $170 to $180, as a reasonable point to enter, citing valuation issues and competition concerns. The company is priced at 28.2x forward earnings and 7.66x price-sales. While these are roughly in line with its five-year averages, they are rich valuations that are causing some investors to take a second look. Although Apple does pay a dividend, it is modest at $1.04 per share, and the company's recent share buyback authorization of $100 billion is still the focal point of its capital return policy. Apple Beats Q2 Earnings, But Forward Momentum Slows Apple reported fiscal Q2 results, besting Wall Street forecasts in terms of both revenue and EPS. It reported $95.4 billion in revenue, an increase of 5% year-over-year, and EPS of $1.65, an increase of 8%. Operating cash flow totaled $24 billion, powering a staggering $29 billion return to shareholders in the form of dividends and repurchases. In the future, however, Apple's growth trajectory looks to be less impressive. Already priced in is the iPhone 16e launch, so flat top-line growth is predicted by analysts for fiscal 2025. Further, Apple's heavy exposure to hardware sales makes it susceptible to macroeconomic slowdowns and competition. Regulatory danger also lurks in the wings. Apple's App Store 'platform tax,' a 15%–30% cut on in-app transaction income, is under international scrutiny. Regulators and competitors are trying to dismantle this stream of income, presently one of the major drivers of Services segment profits. What Analysts Project for Apple Stock Apple is graded a 'Moderate Buy' by Barchart's 37 analysts in coverage, but recent sentiment is weaker. The average 12-month target price of AAPL is at $231.02, signaling 13% upside from current prices. The highest estimate is at $300, signaling best-case upside of almost 50%, and the lowest of $141, signaling worst-case downside of roughly 30%. This broad range is a reflection of the unclear path of Apple's growth story.
Globe and Mail
an hour ago
- Globe and Mail
Top Analyst Ratings: June 9th, 2025
Top Ratings: (MSFT) (BA) (IBM) (JNJ) (TSLA) Adobe received a update from TD Cowen, with the analyst maintaining a Hold rating and setting a price target of $490 as of June 9, 2025. Boeing was maintained at Outperform by RBC, with the price target raised from $200 to $230 on June 9, 2025. Cisco was maintained at an Overweight rating by J.P. Morgan Chase & Co, with a price target of $73 on June 9, 2025. Costco was downgraded from Buy to Hold by Truist Financial, with a price target set at $1100 on June 9, 2025. IBM was maintained at a Buy rating by Bank of America Merrill Lynch, with the price target increased from $270 to $290 as of June 9, 2025. Johnson & Johnson received a target update from Bank of America Merrill Lynch, with the analyst maintaining a Neutral rating and raising the price target from $159 to $161 on June 9, 2025. McDonald's was reiterated at an Equal Weight rating by Morgan Stanley & Co., with a price target of $324 on June 9, 2025. Microsoft was maintained at a Hold rating by Morningstar, with a price target of $505 as of June 9, 2025. Oracle had its price target raised by BMO Capital Markets, with the analyst maintaining a Market Perform rating and increasing the target from $175 to $200 on June 9, 2025. Tesla received two separate updates: Robert W. Baird & Co. reiterates with a Neutral rating and price target of $320. Morgan Stanley & Co. maintained their Buy rating and setting a price target of $410, on June 9, 2025.
CTV News
an hour ago
- CTV News
Democrats are drawing closer to the crypto industry despite Trump divisions
An advertisement for the cryptocurrency, Bitcoin, is displayed on a building in Hong Kong on Nov. 18, 2021. (AP Photo/Kin Cheung, File) WASHINGTON — As U.S. President Donald Trump builds a crypto empire — including hosting a private dinner with top investors at his golf club — Democrats have united in condemning what they call blatant corruption from the White House. But the Democratic Party's own relationship with the emerging crypto industry is far less cut and dried. Work in the Republican-led Senate to legitimize cryptocurrency by adding guardrails has drawn backing from some Democrats, underscoring growing support for the industry in the party. But divisions have opened over the bill, with many demanding it prevent the Republican president and his family from directly profiting from cryptocurrency. 'I'm all on board with the idea of regulating crypto,' said Sen. Chris Murphy, D-Conn. 'But at this moment, when cryptocurrency is being so clearly used by Donald Trump to facilitate his corruption, I don't think you can close your eyes to that when you're legislating.' The legislation is moving ahead more rapidly than Congress usually acts when an industry is new. But the big money and campaign donations flowing from cryptocurrency firms have made them a new powerhouse on the political scene, one that's increasingly gaining allies and capturing the attention of lawmakers. A look at what to know about the industry's clout and the political fight over what's known as the GENIUS Act: 'Anti-crypto is a good way to end your career' To understand the growing clout of the crypto industry, look no further than the 2024 election. Fairshake, a crypto super political action committee, and its affiliated PACs spent more than US$130 million in congressional races. Fairshake spent roughly $40 million supporting Republican Bernie Moreno in Ohio in an effort to defeat Democratic Sen. Sherrod Brown. Brown, who lost to Moreno by more than 3 percentage points, was seen as a chief critic of the industry as the chairman of the Senate Banking Committee. 'DC received a clear message that being anti-crypto is a good way to end your career, as it doesn't represent the will of the voters,' Brian Armstrong, the CEO of Coinbase, wrote in a social media post the day after the 2024 election. Coinbase — the largest crypto exchange in the U.S. and biggest contributor to Fairshake — does not view support for its industry as partisan, according to Kara Calvert, the company's vice president of U.S. policy. The industry also spent heavily to support Democrats Ruben Gallego and Elissa Slotkin in their races for open Senate seats in battleground states. Fairshake spent $10 million in support of Slotkin during her successful Senate run against Republican Mike Rodgers, and Slotkin, who won the Michigan race by fewer than 20,000 votes, spoke in favor of crypto on the campaign trail. Similar dynamics are setting up ahead of 2026 in contested House and Senate races. Fairshake said in January that it already had $116 million in cash on hand aimed at the 2026 midterm elections. 'We're not slowing down, and everything remains on the table,' Josh Vlasto, a spokesperson for Fairshake, told The Associated Press. Hours before a May 19 vote to move forward on cryptocurrency legislation in the Senate, an advocacy group tied to Coinbase sent an email to the offices of U.S. senators warning that the vote would count toward their crypto-friendliness scores. 'What the spending does is put crypto on the map. It lets members know that this is not a phase, this is real industry, with real dollars, that is developing its hold in Washington,' said Calvert. Democrats navigate around a 'crypto president' A significant number of Democrats, 16, joined Republicans in advancing the crypto legislation. The GENIUS Act would create a new regulatory structure for stablecoins, a type of cryptocurrency typically pegged to the U.S. dollar. It is viewed as a step toward consumer protections and greater legitimacy for the industry. The sticking point for many Democrats is that while the bill prohibits members of Congress and their families from profiting off stablecoins, it excludes the president from those restrictions. Trump, once a skeptic of the industry, has vowed in his second term to make the U.S. the global capital of crypto. Meanwhile, he and his family have moved aggressively into nearly every corner of the industry: mining operations, billion-dollar bitcoin purchases, a newly minted stablecoin and a Trump-branded meme coin. Days after Trump's interests in the industry became public in early May, Senate Minority Leader Chuck Schumer of New York urged the Democratic caucus to unite and vote against the package to have a stronger hand in negotiations, according to a person familiar with the matter who insisted on anonymity to discuss private discussions. On May 8, a bloc of Senate Democrats who had previously backed the GENIUS Act reversed course — ultimately voting to block the bill from advancing. Negotiations between Senate Democrats and Republicans followed. The new version of the bill is now expected to pass the 100-member Senate this month. Amendments are still possible. Schumer and Sen. Jeff Merkley, D-Ore. are expected to propose one that would bar the president and his family from profiting off stablecoins, though it's unlikely to pass. 'There is room for improvements as there often is with a lot of legislation. But with this in particular, we've got issues with the president,' said Democratic Sen. Mark Kelly of Arizona 'Having said that, this was negotiated with Democrats and Republicans. We got to a place. We voted on it. I expect this is the version we're going to pass.' Still, the legislation is stirring unease. Schumer, asked if he's urging members to vote against the bill, noted that he has opposed the legislation and said 'there's division in our caucus on that issue.' 'There's a gaping hole in this bill that everybody sees,' Murphy said. 'After it's passed, it will be illegal for me to issue a cryptocurrency, but it's legal for the president of the United States.' 'If this bill passes, we kind of go from a dirt road to a paved road,' he said. What comes next If the Senate approves the stablecoin legislation, the bill will still need to clear the House before reaching the president's desk. Crypto advocates say the next priority is pushing Congress for market structure legislation, a far more sweeping effort than simply regulating stablecoins. 'Stablecoin is one step of the path. Then you need market structure. We're hopeful that the Senate works together to pass something quickly,' Calvert said. Some Democrats view the legislation as a chance to impose basic guardrails on a rapidly growing industry that's particularly popular among men and younger voters, two groups that drifted from the party in 2024. ___ Associated Press writers Alan Suderman, Lisa Mascaro, Matt Brown and Mary Clare Jalonick contributed to this report. Joey Cappelletti, The Associated Press
