LIVEONE AND REACT PRESENTS ANNOUNCE THE 10TH ANNIVERSARY OF SPRING AWAKENING MUSIC FESTIVAL (SAMF10) THIS SPRING, IN CHICAGO

LOS ANGELES, Feb. 24, 2022 /PRNewswire/ -- LiveOne (Nasdaq: LVO), a creator-first, music, entertainment and technology platform focused on delivering premium experiences and content worldwide through membership, subscriptions, and live and virtual events, and its subsidiary React Presents announced today that Spring Awakening Music Festival (#SAMF10), the largest three-day all-electronic dance music festival in the Midwest, will return to Chicago this Spring for its 10th Anniversary.  Fans are invited to sign up for early pre-sale offers and enter to win a VIP suite package, tickets, photo passes and more exclusively at springawakeningfestival.com.

#SAMF10 will be an immersive experience featuring groundbreaking music performances and activations in the metaverse. Fans will also be treated to cross-genre musical performances featuring unexpected collaborations, backstage green room content and virtual meet and greets. This year's festival will be live-streamed via LiveOne's pay-per-view platform. #SAMF will also announce the return of 10 festival legends to this year's lineup.

The 10th Anniversary festival will have exclusive benefits and access for LiveOne members, including:

• 10 pieces of commemorative merchandise
• 10 themed NFTs
• 10 after parties with artists
• 10 surprises and delights at festival grounds
• 10 Members-only sweepstakes and prizes
• VIP Areas

From the beginning more than 500,000 fans experienced performances by 750+ artists including:

Fans can visit springawakeningfestival.com to sign up for the exclusive "Spring Awakening" Sweepstakes to Grand Prize of a VIP Suite Package, including a private suite to view all Spring Awakening stages, hotel, air and more. Additional prizes include VIP tickets, Spring Awakening merchandise and a photo pit access! The "Spring Awakening" Sweepstakes ends at 11:59 P.M. PST on March 20, 2022.

Additional details, including lineup, new venue location, will be announced over the coming weeks. For additional information, visit springawakeningfestival.com.

Facebook: @springawakeningfest
Twitter:@springawakeningfest
Instagram: @springawakeningfest

About React Presents
Founded in 2008, React Presents was born out of a passion for curating top-tier live music events that has helped propel Chicago to the forefront of the US music scene. The business was acquired by LiveOne, Inc. in early 2020 to extend LiveOne live event production and festival business and scale its livestreamed content library. Over the past decade, React Presents has grown into one of the premier largest concert promoters in the Midwest, producing several major music festivals and over 400 concerts annually in Chicago, Milwaukee, Detroit and more.

About LiveOne, Inc.
Headquartered in Los Angeles, California, LiveOne, Inc. (NASDAQ: LVO) (the "Company") is a creator-first, music, entertainment and technology platform focused on delivering premium experiences and content worldwide through memberships, subscriptions and live and virtual events. As of January 2022, the Company has accrued a paid subscriber base of over 1.35** million, streamed over 2,900 artists, has a library of 30 million songs, 600 curated radio stations, 268 podcasts/vodcasts, hundreds of pay-per-views, personalized merchandise, released music-related NFTs, and has created a valuable connection between fans, brands, and bands. The Company's wholly-owned subsidiaries include LiveXLive, PPVOne, Slacker Radio, React Presents, Gramophone Media, Palm Beach Records, Custom Personalization Solutions, and PodcastOne, which generates more than 2.48 billion downloads per year and 300+ episodes distributed per week across its stable of top-rated podcasts. LiveXLive is available on iOS, Android, Roku, Apple TV, Amazon Fire, and through OTT, STIRR, and XUMO. For more information, visit www.livexlive.com and follow us on Facebook, Instagram, TikTok, and Twitter.

Forward-Looking Statements
All statements other than statements of historical facts contained in this press release are "forward-looking statements," which may often, but not always, be identified by the use of such words as "may," "might," "will," "will likely result," "would," "should," "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek," "continue," "target" or the negative of such terms or other similar expressions. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: the Company's reliance on one key customer for a substantial percentage of its revenue; the Company's ability to consummate any proposed financing, acquisition, spin-out, distribution or transaction, the timing of the closing of such proposed event, including the risks that a condition to closing would not be satisfied within the expected timeframe or at all, or that the closing of any proposed financing, acquisition, spin-out, distribution or transaction will not occur or whether any such event will enhance shareholder value; the Company's ability to continue as a going concern; the Company's ability to attract, maintain and increase the number of its users and paid subscribers; the Company identifying, acquiring, securing and developing content; the Company's intent to repurchase shares of its common stock from time to time under its announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; the Company's ability to maintain compliance with certain financial and other covenants; the Company successfully implementing its growth strategy, including relating to its technology platforms and applications; management's relationships with industry stakeholders; the effects of the global Covid-19 pandemic; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of the Company's subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2021, filed with the U.S. Securities and Exchange Commission (the "SEC") on July 14, 2021, Quarterly Report on Form 10-Q for the quarter ended June 30, 2021, filed with the SEC on August 16, 2021, Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2021, filed with the SEC on October 29, 2021, Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2021, filed with the SEC on February 14, 2022, and in the Company's other filings and submissions with the SEC. These forward-looking statements speak only as of the date hereof, and the Company disclaims any obligations to update these statements, except as may be required by law. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

** Included in the total number of subscribers for the reported periods are certain subscribers which are the subject of a contractual dispute. LiveOne is currently not recognizing revenue related to these subscribers.

Press Contact:
LiveOne
[email protected]  
917.842.9653
[email protected]  
516.522.1349

LiveOne IR Contact:
[email protected]
310.601.2505

SOURCE LiveOne, Inc.