LiveOne, the parent of PodcastOne, has closed its deal to buy the music production studio Palm Beach Records. It is the company’s latest move in what CEO Rob Ellin has said is their mission to create a flywheel of audio content. LiveOne plans to expand the studio's music operations and launch a full-service podcast recording studio. LiveOne says it will use the studio to break and sign new podcast and music talent, as well as broaden its publishing, management and recording divisions, and offer exclusive content to drive the new LiveOne membership program. Palm Beach Records will also be used for events in South Florida, where the company continues to bolster its operations.
"We are excited to announce our seventh acquisition through the purchase of iconic label Palm Beach Records. This acquisition will expand our music and podcast operations with a full-service studio in South Florida,” Ellin said in the announcement. “It will position LiveOne to break and sign new music and podcast talent adding to an impressive roster of Palm Beach Records artists,” he said.
Financial terms of the deal were not immediately released. Palm Beach Records will operate as a stand-alone wholly-owned subsidiary of LiveOne.
Palm Beach Records is home to some of South Florida's biggest hip-hop talent. The studio, was founded by Christian "Rekstarr'' Ocampo andhe will continue to lead all operations for the studio. "The legacy and history Palm Beach Records carries is deep-rooted in South Florida, and I know the future is bright with all of us working together,” said Ocampo in a statement.
The studio is where Kodak Black started out and recorded his first three mixtapes. Ocampo was an early and frequent collaborator with Kodak Black and Sniper Gang and was part of many of their hit songs including his debut hit single "No Flockin'." Its talent roster also includes artists Supreme Patty, Haitian Fresh, Lil Boosie, Jack Boy, 21 Savage, Koly P, Soldier Kid, C Glizzy, Wyatt Ray, Patrick Peterson, Tyrann Mathieu, Scrilla, Mmg, Kat Dahlia, Mallory Merk, Jay Dirty, Sarah Gibson and Cxdy.