LiveOne Launches "Splitmind Radio"
Portfolio Pulse from Benzinga Newsdesk
LiveOne has launched 'Splitmind Radio', featuring a mix of original sounds and samples from the Grammy-nominated Splitmind Music Collective's catalog of over 100,000 works. The service uses AI technologies to enhance engagement and improve margins. LiveOne's subsidiaries, Splitmind and Drumify, have seen a 300% revenue increase in 2023.
January 29, 2024 | 1:57 pm
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LiveOne's launch of 'Splitmind Radio' and the reported 300% revenue increase in its subsidiaries, Splitmind and Drumify, could signal strong growth and innovation, likely attracting investor interest.
The launch of 'Splitmind Radio' showcases LiveOne's commitment to innovation and expansion in the music streaming industry. The use of AI technologies is likely to enhance user experience and efficiency, potentially leading to higher user retention and increased revenue. The reported 300% revenue growth in subsidiaries is a strong indicator of financial health and operational success, which could positively influence investor sentiment and the stock price in the short term.
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