MEDIA AND BROADCASTING
LiveOne, Inc. | May 16, 2023
LiveOne an award-winning, creator-first, music, entertainment and technology platform, announced today an exclusive content distribution deal with OTT Studio, a leading streaming technology platform and CTV app publisher. LiveOne will be OTT Studio’s exclusive music streaming provider, delivering LiveOne’s 600 expertly curated radio stations via OTT’s new Music Plus application. The deal will expand the distribution of LiveOne’s premium audio and entertainment content to an additional 47 million CTVs in North America via LG’s webOS and Vizio’s SmartCast platforms.
Patrick Markel, LiveOne’s Senior Director of Business Development and Strategic Partnerships, said, “We’re excited to execute this multi-year agreement with OTT Studio to make LiveOne even more accessible to music lovers by leaning into OTT Studio’s unique ability to reach millions of customers on the most popular streaming TV devices.”
James Patrick, OTT Studio Co-founder, commented, ”The CTV ecosystem is ripe with opportunities for innovative audio-first destinations offered to consumers at no cost. Our advanced CTV technology and audience growth engine combined with LiveOne’s world-class offering will allow us to bring users an unparalleled free live streaming and on-demand music experience on devices that are often the best speaker system in the house.”
The Music Plus app is slated to launch in Q3 2023 on Roku and FireTV, and on LG's webOS, Vizio's SmartCast and other platforms later in the year.
About LiveOne, Inc.
Headquartered in Los Angeles, California, LiveOne, Inc. 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, a membership music streaming service, and PodcastOne, which generates more than 2.3 billion downloads per year, 350+ hours distributed weekly, and 14M+ monthly unique listeners. Nearly all new Tesla EVs sold in the U.S. come with a paid membership to LiveOne’s Slacker Radio which is paid by Tesla. As of April 11, 2023, the Company has accrued a paid and free ad-supported membership base of approximately 2.9 million*. The Company was awarded Best Live Moment by Digiday for its “Social Gloves” PPV Event, and has been a finalist for 8 more awards, including Best Live Event, Best Virtual Event, Best Overall Social Media Excellence, and Best Original Programming from Cynopsis
and Digiday. As of February 9, 2023, the Company has streamed over 2,900 artists, has a library of 30 million songs, 600 curated radio stations, over 300 podcasts/vodcasts, hundreds of pay-per-views, personalized merchandise, released music-related NFTs, and created a valuable connection between fans, brands, and bands. The Company's other wholly-owned subsidiaries include PPVOne, Gramophone Media, Palm Beach Records, Custom Personalization Solutions, and LiveXLive, and the Company’s other majority-owned subsidiaries are Drumify and Splitmind.
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TECHNOLOGIES
Mysten Labs | March 17, 2023
Mysten Labs, a web3 infrastructure company and initial developer of the Sui Layer 1 blockchain, today announced that it has partnered with BlueJay Games, a leading gaming studio. Through this partnership, BlueJay Games will launch Arcade Champion, a mobile Web3 arcade game, on Sui.
Arcade Champion is a reinvention of classic arcade games, integrating NFTs and play-to-own elements with familiar single-player and multiplayer competition-based minigames. The game features a hero-based system that uses NFTs to represent each player's unique characters. These NFTs are upgradeable, tradable, and fusible, and play a critical role in solo and dual modes of play, enabling players to accumulate bonuses and coins and achieve arcade supremacy.
The game will leverage Sui’s best-in-class technology and functionality, including its on-chain object and data storage, NFT-friendly infrastructure, and dynamic user-generated content support, providing a seamless and immersive gaming experience for players.
"We are excited to announce that BlueJay Games will be joining our growing community and building Arcade Champion on Sui,” said Evan Cheng, Co-Founder and Chief Executive Officer of Mysten Labs. "By offering the Web3 space a reinvention of classic arcade games that mix in elements of NFTs and play-to-earn incentives, we believe Arcade Champion will effectively bridge Web2 and Web3 users and move the gaming industry forward. By combining this innovative game with Sui’s innovative gaming infrastructure, powered by the Move programming language, we look forward to providing a fun-first gameplay experience for players."
"Arcade Champions seeks to expand the world of Web3 gaming to the mass market with Sui. Arcade Champion, a mobile-first, hybrid casual game with play-to-own elements and Hero based NFTs,” said Michel Mailhot, Chief Executive Officer of BlueJay Games. “Sui is purpose-built for gaming, speed, and efficiency with differentiated NFT editing, evolving and merging capabilities. We look forward to taking advantage of the massive opportunity ahead.”
Arcade Champion will launch on the first day of Sui’s mainnet. Players will immediately have access to the game’s play-to-own elements and hero-based NFTs.
About Mysten Labs
Mysten Labs is a team of leading distributed systems, programming languages, and cryptography experts whose founders were senior executives of Meta’s Novi Research and lead architects of the Diem blockchain and Move programming language. The mission of Mysten Labs is to create foundational infrastructure for web3.
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MEDIA AND BROADCASTING
PRnewswire | May 10, 2023
Cresset Asset Management (Cresset) and TRUE Capital Management (TRUE) announced today that they have merged, creating a multi-family office with nearly $33 billion in assets under management (as of 5/02/2023) and with offices in 19 locations around the nation. The strategic combination expands Cresset's presence in the sports and entertainment industry.
TRUE is a multi-family office that specializes in guiding a diverse roster of clients across sports, entertainment, and entrepreneurism to financial security and generational wealth. TRUE manages $1.7 billion (as of 2/22/2023) of assets on behalf of more than 350 clients, including Deandre Ayton, Robert Griffin III, Marshawn Lynch, Nneka Ogwumike, Kelsey Plum, Albert Pujols, Logan Ryan, Richard Sherman, Breanna Stewart, and Diana Taurasi.
Together with Cresset, TRUE clients will enjoy access to Cresset's scale and national footprint, including its extensive family office services, goals-based financial planning, institutional-quality private investments, and lifestyle services.
"We are thrilled to be joining forces with Cresset. Since we started TRUE in 2007, our priority has been to build relationships with our clients based on transparency and trust as they navigate the rare opportunities and unique challenges that come with wealth. That commitment will only be strengthened and enhanced with Cresset," said Doug Raetz, CEO of TRUE.
"As we've worked closely with Cresset, it has become clear that the entire Cresset team shares our goals and values. It's an excellent cultural fit, and we are excited to explore new ways to create and deliver success stories for our clients," added TRUE COO Heather Goodman.
"When we first met the TRUE team several years ago, we found kindred spirits in terms of how we believe clients should be treated and the positive impact wealth can have," said Avy Stein, Cresset Co-Founder and Co-Chairman. "Our mutual dedication to providing access to a full suite of sophisticated family office services and private investment opportunities makes this an ideal partnership."
About TRUE Capital Management
Founded in 2007, TRUE Capital Management is a wealth management firm that specializes in guiding its diverse roster of clients to financial security and generational wealth. The firm has built a reputation for serving high-profile clients across all major sports worldwide, the global entertainment industry, and entrepreneurs innovating in our ever-evolving business world.
About Cresset
Cresset is an independent, award-winning multi-family office and private investment firm with nearly $33 billion in assets under management (as of 5/02/2023). Cresset serves the unique needs of entrepreneurs, CEO founders, wealth creators, executives, and partners, as well as high-net-worth and multi-generational families. Our goal is to deliver a new paradigm for wealth management, allowing clients to pursue what matters most to them.
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