And what’s happened is it’s turned out to be a blessing in disguise. We increased the dividend dramatically. We pulled in 2 acquisitions, and we’re not done, right? So this is a really exciting time for the company and really exciting for PodcastOne. We got to showcase the numbers for this quarter, showcasing a $10.6 million number. That’s a big jump from where we were. So I’m really proud of the team, and I’m really proud of where this is going, and I’m really excited about these acquisitions. Kit just mentioned, Brendan is already on our network. It will be one of the top 3 traffic guys on our network and brings more and more male sports related, right? We have a massive female network. We’re just going to keep growing and we see telltale sign just the right time and the right place for us to go forward.
Jon Hickman : One last question. You raised guidance, but the Kast Media and Guru those revenues aren’t in the new guidance until — because they haven’t closed yet, right?
Robert Ellin : Correct.
Operator: The next question comes from Joseph Salino from Joseph Stone Capital.
Joseph Salino : Hey, Rob. Congratulations on a job well done, you and your team, hats off to you guys. My question was already answered by a previous investor, so you can take the next call.
Operator: [Operator Instructions] The next question comes from Sean McGowan from ROTH MKM.
Sean McGowan : Let me start with a couple of housekeeping things, the change in the terms of the podcast spin-off in the dividend, I mean, that was already announced, right? That change is already out there at the 19%?
Robert Ellin : Yes. Correct, [indiscernible] the public filings. That was already in the public filings as we approved with the SEC’s approval.
Sean McGowan : Okay. And on the valuation of podcast, well, first on the trading. So there’s not anything material yet to be done that you need to do. It’s just a question of when it actually goes effective. Is that the right way to read what you’re saying?
Robert Ellin : Yes. I think it’s more than that. I mean, we’re effective already, right? So effectively, you’re a public company, to prove it. We’re just waiting for an exchange, right, to be ready for that trading. And I’m very, very hopeful that we’re on the 5-yard line. We’re in the 5 — yard line join, we may even be on the 2-yard line as of today.
Sean McGowan : Right. I meant that there’s nothing material that you have to deliver like it’s kind of — the ball is in their court, if I can mix the metaphor. It’s not like they’re waiting on you to do something. You’ve done everything you got to do, right?
Robert Ellin : Correct. Correct. And one of the things we should make clear, and we’ve made this before, but I should make it clear on the call, Sean, just to give you round numbers, anyone owns 100,000 shares of LiveOne. You’re going to receive about 4,800 shares of PodcastOne between $8 and $12. So if you take the low end of the range at $8, this is a very sizable dividend, right, for — and that’s only going to be shareholders of record who own it at the time that we’re actually up and listed in the next couple of weeks.
Sean McGowan : Yes. Now on the valuation that you’ve referenced a couple of times that was done the third-party valuation, depends on some changes in the industry over the last half year or so. I guess the flip side of you being able to get content more favorable deals is maybe the mood around the category is a little different. So can you talk a little bit about your confidence in the prior valuations that were done?
