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Legible and LiveOne Enter into Exclusive Multi Year Strategic Partnership to Deliver First Ever In-Car Book Streaming Service

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Legible Inc. a global book infotainment and media company, announced today that it has entered into an exclusive joint strategic partnership with LiveOne Inc. (NASDAQ: LVO) (“LiveOne”), an award-winning, creator-first music, entertainment, and technology platform, to provide streaming access to Legible’s audiobook and eBook content for the automotive sector in North America.

This partnership will provide a unique opportunity to be the first to provide seamless access to audiobooks and eBooks to book lovers while in their cars. Legible’s technology will facilitate integration of audiobooks and eBook content directly into vehicle infotainment systems.

Legible already brings contracts and content from 4 of the Big Five Publishers, Hachette, Simon & Schuster, Macmillan and Harper Collins, the world’s largest book distributor, Ingram CoreSource, and many other publishers and distributors. Legible’s 2 million plus titles span fiction, non-fiction, self-help and productivity, biographies, kids’ books, and educational content, which will be of great value to the captive automobile marketplace.

“We are excited to partner with Legible as pioneers in bringing millions of audiobooks and eBooks to people right in their cars,” said Rob Ellin, CEO and Chairman of LiveOne. “Adding curated literature in our mobile subscription content will round out our already compelling selection of music and podcasts.”

“Legible is thrilled to have the opportunity to bring a wide variety of audiobook and eBook content to North American car users,” commented Kaleeg Hainsworth, Legible’s CEO and Founder. “The automotive infotainment market is virtually untapped and Legible’s extensive collection of titles will provide endless hours of entertainment during daily commutes or long road trips with the family.”
 

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.

About Legible Inc.
Legible Inc. is a book entertainment and media company with a mission: millions of books for billions of readers, globally. Legible provides innovative eReading experiences to anyone anywhere with an internet-enabled device. Legible has developed two high-value verticals: a browser-based, mobile-first B2C eBook entertainment platform delivering a global online bookstore and reading system for the emerging web with high-growth potential called Legible.com; and a global B2B eBook conversion and production service with high revenue potential called Legible Publishing. Legible is transforming the digital publishing industry and gaining market share through innovative, 21st century publishing and global reading experiences. Legible embraces core values of sustainability, accessibility, and global literacy.

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