PodcastOne Acquires Exclusive Rights To Lost In Panama Podcast Including IP For TV/ Film; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
PodcastOne, a subsidiary of LiveOne, has acquired exclusive rights to the 'Lost In Panama' podcast, including IP for potential TV/film adaptations. The acquisition, paid in stock, is expected to be immediately accretive to revenues and EBITDA. 'Lost In Panama' was a top true crime podcast in 2022, with over 2 million downloads. PodcastOne plans to continue expanding its library and has added 19 new shows this year.
November 15, 2023 | 3:16 pm
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POSITIVE IMPACT
LiveOne, parent company of PodcastOne, may see a positive impact on its stock due to the acquisition of 'Lost In Panama', which is expected to be accretive to revenues and EBITDA.
The acquisition of a popular podcast with over 2 million downloads and potential for TV/film adaptations is likely to be viewed positively by investors. The expectation of immediate accretion to revenues and EBITDA suggests a direct financial benefit to LiveOne.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
PodcastOne's acquisition of 'Lost In Panama' is expected to enhance its podcast library and be immediately accretive to revenues and EBITDA, which could positively influence PODC's stock price.
The acquisition of 'Lost In Panama' directly impacts PodcastOne's content offerings and financial outlook. Given the podcast's past success and the company's strategy to expand its library, this move is likely to be seen as a strong positive by investors.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 100