LiveOne shareholders as of Jan. 16 will receive PodcastOne stock in a special dividend.
In a year without major IPOs, the majority of the most valuable music business deals involved catalog acquisitions in one way or another.
At an investor presentation in London, founder Merck Mercuriadis said the company’s current share price “fundamentally undervalues the company.”
The live music business will be separate from MSG Networks, MSG Sphere and Tao Group Hospitality.
The bond is backed by more than 1 million music assets, including such artists as Genesis, Phil Collins and R.E.M.
WMG's newest CEO, YouTube veteran Robert Kyncl, joins the company on Jan. 1
WMG's fourth quarter revenues grew 16% overall on strong recorded music and publishing growth.
The German promoter and ticketing company expects a record year in 2022.
The John Malone-led company also said it would pursue a split-off of the Atlanta Braves and its associated real estate development project.
Recorded music revenues grew 46.6% to 135.1 billion won from July through September.
