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Podcast industry is at 'the beginning of the beginning': LiveOne CEO

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LiveOne subsidiary Courtside Group, better known as PodcastOne, (PODC) saw its shares tumble 45% in its market debut. LiveOne Chairman and CEO Rob Ellin (LVO) says there was a 'perfect storm in podcasting' where big name companies like Spotify (SPOT) and Apple (AAPL) were investing big bucks on assets, but now 'there's a window' where a company like his can go in and buy podcast networks, pointing to his company's purchase of distressed asset Kast Media. On the podcast industry as a whole, Ellin says it's at 'the beginning of the beginning,' given the global growth potential. On concerns about saturation, Ellin explains that 'you went through that first cycle... real enthusiasm and excitement. Now, you've got a pullback because people... had acquired all these assets. They have to figure out how to run them.

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