LiveOne Converts $3.75M Royalties to Equity, Secures 25M-Song Merlin Catalog
LiveOne extends multi-year global licensing partnership with Merlin, converting up to $3.75 million in royalties into equity at $7.50 per share. The deal grants access to over 25 million songs and is expected to boost cash flow and adjusted EBITDA by more than $2 million.
1. Partnership Extension Details
LiveOne signed a multi-year extension with Merlin that converts up to $3.75M of current and future royalties into equity at $7.50 per share.
2. Expanded Music Catalog
The agreement grants LiveOne access to Merlin’s global catalog of over 25 million songs from independent labels and distributors.
3. Financial Benefits
Management expects the extension to increase cash flow and adjusted EBITDA by more than $2 million annually.
4. Strategic Impact
The deal improves LiveOne’s balance sheet, enhances its content offerings and positions the company for broader audience engagement and monetization.