PodcastOne Announces Multi Year Partnership With SourceAudio's PodcastMusic.com, Integrating Cutting-Edge AI Technology To Utilize 1.2M Fully Licensed Songs And Sound Effects For Podcasts
Portfolio Pulse from Benzinga Newsdesk
PodcastOne, a subsidiary of LiveOne, has announced a multi-year partnership with SourceAudio's PodcastMusic.com, integrating AI technology to provide podcasters access to a vast library of 1.2 million fully licensed songs and sound effects. This collaboration aims to enhance the creative quality of podcasts by allowing producers to find audio elements that match the essence of their shows, offering a more immersive listening experience.
November 28, 2023 | 1:46 pm
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POSITIVE IMPACT
As the owner of 80% of PodcastOne's common stock, LiveOne stands to benefit from any positive developments in PodcastOne's business, including the new partnership with SourceAudio.
LiveOne's stock may experience a positive impact due to its majority ownership in PodcastOne, which is expected to benefit from the partnership with SourceAudio. The impact is somewhat indirect but still relevant due to the ownership stake.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
PodcastOne's partnership with SourceAudio could attract more podcasters to the platform, potentially increasing its market share and listener base due to the enhanced audio experience.
The partnership with SourceAudio is likely to be viewed positively as it enhances PodcastOne's service offering, which could lead to increased usage and potentially higher revenue. The impact is significant due to the direct involvement of PODC in the partnership.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80