LiveOne Music Publishing Subsidiaries Splitmind and Drumify Increase Revenues 300% In 2023
Portfolio Pulse from Benzinga Newsdesk
LiveOne's music publishing subsidiaries Splitmind and Drumify have reported a 300% increase in revenues in 2023. Splitmind, founded by Aidan Crotinger, has produced for major artists and achieved over 3 billion streams globally. It boasts a catalog of over 50,000 copyrights on Drumify.com. LiveOne (NASDAQ:LVO), the parent company, acquired Splitmind in 2023.
December 01, 2023 | 3:37 pm
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LiveOne (NASDAQ:LVO) has seen its subsidiaries Splitmind and Drumify significantly increase revenues by 300% in 2023, indicating strong performance and growth in its music publishing segment.
The substantial revenue increase reported by LiveOne's subsidiaries is a strong indicator of growth, which is likely to be viewed positively by investors. The success of Splitmind and Drumify, along with their association with high-profile artists and a large number of streams, suggests a positive short-term impact on LiveOne's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100