LiveOne (Nasdaq: LVO) Subsidiary Drumify Launches Subscription Marketplace Integrating Cyanite.ai Tech Stack
LiveOne, Inc. (LVO)
Company Research
Source: GlobeNewswire
- Drumify has produced multiple Grammy-winning and multi-platinum records for many artists, including Drake, NBA YoungBoy, $UICIDEBOY$, Lecrae and Anuel AA - Marketplace expected to result in conversion of ~70% of current producers working with Drumify into LiveOne subscribers, increasing LiveOne ARPU - Marketplace provides creators with a wider catalog of IP and opportunities for ownership - Cyanite AI algorithms tailor search results based on habitual behavior for each creator, matching them with relevant beats and sounds LOS ANGELES, CA, April 02, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Drumify, a subsidiary of LiveOne (NASDAQ: LVO), announced today that it launched its subscription model, Drumify 3.0. The subscription model is designed to convert ~70% of Drumify’s customer base into recurring subscribers, increasing customer lifetime value and overall revenue. By offering a range of tiered subscriptions, Drumify aims to lower the barrier of entry into professional music
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LVO
Earnings
- 2/8/24 - In-Line
LVO
Sec Filings
- 4/30/24 - Form 10-Q/A
- 4/22/24 - Form 8-K
- 4/18/24 - Form 8-K
- LVO's page on the SEC website