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As PodcastOne Spin-Off Moves Forward, LiveOne Says It May Spin Off Slacker, Too

The linked article doesn't mention that Slacker just lost a $10 million music royalty lawsuit with SoundExchange. During the trial, Slacker told the judge that losing the suit would lead to dire consequences for the company:

www.billboard.com

Judge Says Slacker Must Pay $10M Unpaid Royalties, Despite Warning Of ‘Devastating’ Impact

A judge refused to undo his ruling that Slacker owes $10 million in unpaid royalties to SoundExchange, unmoved by warnings of a “devastating” impact.
www.billboard.com www.billboard.com

So by spinning off Slacker, LiveOne removes itself from any responsibility for the $10 million.
 
So I guess if the Slacker spinoff comes to fruition, the streaming service could be back to being called Slacker Radio when it first came up. It became LiveXLive & then LiveOne when it was acquired back in late 2017.
 
NYCsporty said:
So I guess if the Slacker spinoff comes to fruition, the streaming service could be back to being called Slacker Radio when it first came up. It became LiveXLive & then LiveOne when it was acquired back in late 2017.
Click to expand...

Only if they can come up with the $10 million to pay SoundExchange. Because if LiveXLive spins it off, that debt belongs to Slacker.
 
TheBigA said:
Only if they can come up with the $10 million to pay SoundExchange. Because if LiveXLive spins it off, that debt belongs to Slacker.
Click to expand...
It will be interesting on how this all plays out. I imagine spinning Slacker Radio into a separate company doesn't make this issue go away. I like LiveOne but they should pay up.
 
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