Audio platform LiveOne has filed an S-1 with the Securities and Exchange Commission for its planned spinoff of Courtside Group, which operates as PodcastOne.
The filing indicates that PodcastOne is expected to generate revenue of $25 million for the first nine months of the 2023 fiscal year.
PodcastOne includes a suite of products and services for podcast producers and distributors, including LaunchPadOne and a proprietary content management system that allows creators and producers to track specific metrics on a per-episode and whole show basis.
LiveOne said it intends to spin out PodcastOne by January 16, with the expectation that the separate company be publicly traded on a major stock exchange.
PodcastOne was created in 2013 by the late Norm Pattiz and was sold to LiveXLive in 2020.
To read the S-1 filing, go HERE.
— Matthew Keys, for Podcast Business Journal
