LiveOne's Partners With Legible
Portfolio Pulse from Benzinga Newsdesk
LiveOne has announced a partnership with Legible, providing LiveOne members with access to a vast library of music, podcasts, radio stations, and a significant collection of audiobooks and ebooks. The global audiobook market, valued at over $5 billion, is expected to grow to $42 billion by 2031, indicating a substantial market opportunity for LiveOne.
January 31, 2024 | 1:53 pm
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POSITIVE IMPACT
LiveOne's partnership with Legible could significantly enhance its content offering, potentially increasing user engagement and revenue streams in the rapidly growing audiobook market.
The partnership with Legible directly impacts LiveOne's product offering by expanding its content library, which is likely to attract and retain members. Given the projected growth of the audiobook market, this strategic move could positively influence LiveOne's revenue and market share in the long term. The score reflects the positive nature of the partnership, while the relevance and importance are high due to the direct impact on LiveOne's service offerings. The confidence level is moderately high, considering the information provided and the growth potential of the audiobook market.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80