PodcastOne, which began trading on Nasdaq under its new name at the open of the market on Tuesday (9/26), officially changes its name from Courtside Group, Inc to PodcastOne, Inc. Parent company LiveOne owns approximately 81% of the new company, which recently converted the
remaining unsecured convertible notes in the aggregate principal amount of $5.8 million at $3 per share. Following this transaction, the company is now debt free. The Courtside Group name was of the parent company founded by the late Norm Pattiz, who was known for sitting courtside at Los Angeles Lakers games from many years. PodcastOne’s president and co-founder Kit Gray comments, “The corporate name change to PodcastOne, Inc provides a true characterization of our company as one of the 10 largest podcast publishers in the U.S., ranked ahead of media giants Paramount, CNN and FOX.”
