Rask AI Tool Provides Global Access to Translate Podcasts in More Than 100 Languages With Voice Cloning in Over 20 Languages

LOS ANGELES, CA - (NewMediaWire) - October 03, 2023 - PodcastOne (NASDAQ: PODC), a leading podcast platform and a subsidiary of LiveOne (NASDAQ: LVO), announced today that it will initiate Spanish language translations for its library of podcasts using Artificial Intelligence company Rask AI, a leading AI video localization & dubbing tool. The first show set for translation through Rask AI is the Emmy Award-winning journalist Barbara Schroeder’s debut podcast, Bad Bad Thing.

“With the stratospheric rise of Hispanic listenership in podcasting, PodcastOne endeavors to make our programming accessible to Spanish-speaking audiences worldwide. Our translation of Bad Bad Thing through the use of Rask AI opens the door for additional language releases across multiple shows in the near future,” said Kit Gray, President and Co-Founder of PodcastOne.

PodcastOne is working closely with Bad Bad Thing host and creator Schroeder to ensure that the AI translation of the podcast accurately aligns with the original English language version’s storytelling. “Since every storyteller needs an audience, the fact that new technology now exists to create a bigger audience is a great development in the podcast world. I’m excited that Bad Bad Thing will be the first one translated for PodcastOne – and that we now can reach previously unattainable listeners by bridging the language barrier in order to share amazing stories,” said Schroeder.

“We're excited to be a part of this new venture and even more excited that Spanish-speaking listeners will now have the opportunity to listen to the first season of the Bad Bad Thing podcast in their own language. Thanks to Rask's voice cloning feature, the original voice nuances are as good as in English, and we're looking forward to more language diversity in the future as listeners from different regions can enjoy the incredible stories PodcastOne brings them,” said Maria Chmir, Rask AI’s CEO.

Digital audio consumption amongst Hispanics is on the rise, though Hispanics only account for 24% of content creators. Bad Bad Thing season one translation through Rask AI will enable PodcastOne to meet the surge in Spanish language content-seeking listeners worldwide. Rask AI’s list of corporate clients includes Universal Music Group and worldwide advertising companies Leo Burnett and Publicis.

PodcastOne’s full roster of top ranked podcasts includes programming across tops genres such as news, comedy, true crime and society and culture and including shows such as I’ve Had It, Baby Mamas No Drama, The Adam Carolla Show, The Schaub Show, True Crime All The Time, The Prosecutors, Court Junkie, Cold Case Files, I Survived, Trust Me, Crime Salad, and Murder Made Me Famous. PodcastOne shows are available through PodcastOne, Apple Podcasts, Spotify, iHeart, Amazon and wherever podcasts are heard.

About PodcastOne

PodcastOne (Nasdaq: PODC) is a Los Angeles based podcast network founded in 2012 by Kit Gray and Norm Pattiz providing creators and advertisers with a full 360-degree solution in sales, marketing, public relations, production, and distribution delivering over 2.1 billion downloads per year with a community of 250 of the top podcasters, including Adam Carolla, Kaitlyn Bristowe, Jordan Harbinger, LadyGang, I’ve Had It, and A&E's Cold Case Files. PodcastOne has built a distribution network reaching over 1 billion listeners a month across all of its own properties, LiveOne (Nasdaq: LVO), Spotify, Apple Podcasts, iHeartRadio, Samsung and over 150 shows exclusively available in Tesla vehicles. PodcastOne is also the parent company of LaunchpadOne, an innovative self-serve platform developed to launch, host, distribute and monetize independent user-generated podcasts. For more information, visit podcastone.com and follow us on Facebook, Instagram, YouTube and Twitter at @podcastone.

About LiveOne, Inc.

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. The Company's wholly-owned subsidiaries include Slacker Radio, PodcastOne (Nasdaq: PODC), PPVOne, Gramophone Media, Palm Beach Records, CPS, LiveXLive, 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 Twitter at @liveone.

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 one key customer for a substantial percentage of its revenue; LiveOne’s and PodcastOne’s ability to consummate any proposed financing, acquisition, spin-out, special dividend, merger, distribution or transaction, including LiveOne’s pay-per-view business and the proposed merger of Slacker with Roth CH Acquisition V Co. (the “Proposed Business Combination”), 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; Slacker’s ability to list on a national exchange; PodcastOne’s ability to continue as a going concern; PodcastOne’s ability to attract, maintain and increase the number of its users and paid members; PodcastOne identifying, acquiring, securing and developing content; LiveOne’s intent to repurchase shares of its and 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; PodcastOne’s ability to maintain compliance with certain financial and other covenants; PodcastOne successfully implementing its growth strategy, including relating to its technology platforms and applications; management’s relationships with industry stakeholders; the effects of the global Covid-19 pandemic; uncertain and unfavorable outcomes in legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of PodcastOne’s subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in PodcastOne’s Annual Report on Form 10-K for the fiscal year ended March 31, 2023, filed with the U.S. Securities and Exchange Commission (the “SEC”) on June 29, 2023, Quarterly Report on Form 10-Q for the quarter year ended June 30, 2023, filed with the SEC on August 15, 2023, and in PodcastOne’s other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and PodcastOne disclaims any obligation to update these statements, except as may be required by law. PodcastOne 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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