LiveOne, Inc. received a Schedule 13G filing showing that a group of related entities led by Broadcast Music, LLC and ultimately tied to Steven B. Klinsky beneficially owns 1,000,000 shares of Common Stock, representing 7.6% of the class. The filing states the percentage is calculated using 12,148,566 shares outstanding following an offering described in a prospectus supplement on Form 424B5 filed March 10, 2026, plus the one million shares issued to the Reporting Persons on April 24, 2026. The Schedule 13G lists the reporting persons, their chain of ownership, shared voting and dispositive power of the one million shares, and includes a joint filing agreement and certifications.
Positive
None.
Negative
None.
Insights
Group reports a passive 7.6% holding via a chain of related entities.
The filing identifies 1,000,000 shares held with shared voting and dispositive power among affiliated entities ending with Mr. Klinsky. The Schedule 13G framing and the certification language indicate a non-control, passive reporting posture.
Watch subsequent filings for any conversion to an active filer or changes in ownership percentages; timing is tied to the April 24, 2026 issuance noted in the statement.
Percentage computed from a specific post-offering outstanding share base.
The percentage uses 12,148,566 shares outstanding after the issuer's March 10, 2026 prospectus supplement and the April 24, 2026 issuance to the Reporting Persons. The filing explicitly traces ownership through intermediate entities to the ultimate managing member.
Subsequent Form 13D/13G amendments or Schedule 13D would materially change disclosure status; monitor filings rather than infer intent from this passive 13G.
Key Figures
Shares beneficially owned:1,000,000 sharesPercent of class:7.6%Shares outstanding used:12,148,566 shares
3 metrics
Shares beneficially owned1,000,000 sharesAmount held by the reporting group as stated in Item 4(a)
Percent of class7.6%Calculated using the stated outstanding share base after the offering
Shares outstanding used12,148,566 sharesOutstanding shares referenced after prospectus supplement on Form 424B5 (March 10, 2026) plus issuance on April 24, 2026
Key Terms
Schedule 13G, Beneficially owned, Shared Dispositive Power
3 terms
Schedule 13Gregulatory
"This Statement is filed on behalf of each the following persons (collectively, the "Reporting Persons")"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Beneficially ownedfinancial
"Broadcast Music, LLC directly holds 1,000,000 shares of Common Stock"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Shared Dispositive Powerregulatory
"Shared Dispositive Power 1,000,000.00"
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
LiveOne, Inc.
(Name of Issuer)
Common Stock, $0.001 par value per share
(Title of Class of Securities)
53814X300
(CUSIP Number)
04/24/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
53814X300
1
Names of Reporting Persons
Broadcast Music, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,000,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,000,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,000,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.6 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
53814X300
1
Names of Reporting Persons
BMI Funding, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,000,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,000,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,000,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.6 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
53814X300
1
Names of Reporting Persons
BMI Guarantor SPE, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,000,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,000,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,000,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.6 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
53814X300
1
Names of Reporting Persons
Broadcast Music, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,000,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,000,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,000,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.6 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP Number(s):
53814X300
1
Names of Reporting Persons
Otis Parent, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,000,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,000,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,000,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.6 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP Number(s):
53814X300
1
Names of Reporting Persons
Otis Intermediate, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,000,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,000,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,000,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.6 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP Number(s):
53814X300
1
Names of Reporting Persons
Otis Topco, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,000,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,000,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,000,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.6 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
53814X300
1
Names of Reporting Persons
Otis Topco GP, L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,000,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,000,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,000,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.6 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
53814X300
1
Names of Reporting Persons
NM Otis Co-Invest, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,000,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,000,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,000,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.6 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
53814X300
1
Names of Reporting Persons
NMI Co-Invest GP, L.L.C.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,000,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,000,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,000,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.6 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
53814X300
1
Names of Reporting Persons
Steven B. Klinsky
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,000,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,000,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,000,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.6 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
LiveOne, Inc.
(b)
Address of issuer's principal executive offices:
269 South Beverly Drive, Suite 1450, Beverly Hills, CA 90212
Item 2.
(a)
Name of person filing:
This Schedule 13G (this "Statement") is filed on behalf of each the following persons (collectively, the "Reporting Persons"):
(i) Broadcast Music, LLC
(ii) BMI Funding, LLC
(iii) BMI Guarantor SPE, LLC
(iv) Broadcast Music, Inc.
(v) Otis Parent, Inc.
(vi) Otis Intermediate, Inc.
(vii) Otis Topco, L.P.
(viii) Otis Topco GP, L.L.C.
(ix) NM Otis Co-Invest, L.P.
(x) NMI Co-Invest GP, L.L.C.
(xi) Steven B. Klinsky
(b)
Address or principal business office or, if none, residence:
The principal business address of each of Broadcast Music, LLC, BMI Funding, LLC, BMI Guarantor SPE, LLC, Broadcast Music, Inc., Otis Parent, Inc., Otis Intermediate, Inc., Otis Topco, L.P. and Otis Topco GP, L.L.C. is 7 World Trade Center, 250 Greenwich Street, New York, NY 10007.
The principal business address of each of NM Otis Co-Invest, L.P., NMI Co-Invest GP, L.L.C. and Mr. Klinsky is 1633 Broadway, 48th floor, New York, NY 10019.
(c)
Citizenship:
The citizenship of each Reporting Person is set out in Item 4 of its cover page.
(d)
Title of class of securities:
Common Stock, $0.001 par value per share
(e)
CUSIP Number(s):
53814X300
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Items 4(a)-4(c) is set forth in Rows 5-11 of the cover page for each of the Reporting Persons and is incorporated herein by reference for each of the Reporting Persons.
Broadcast Music, LLC directly holds 1,000,000 shares of Common Stock. The sole member of Broadcast Music, LLC is BMI Funding, LLC. The sole member of BMI Funding, LLC is BMI Guarantor SPE, LLC. The sole member of BMI Guarantor SPE, LLC is Broadcast Music, Inc. The sole shareholder of Broadcast Music, Inc. is Otis Parent, Inc. The sole shareholder of Otis Parent, Inc. is Otis Intermediate, Inc. The sole shareholder of Otis Intermediate, Inc. is Otis Topco, L.P. The general Partner of Otis Topco, L.P. is Otis Topco GP, L.L.C. The sole member of Otis Topco GP, L.L.C. is NM Otis Co-Invest, L.P. The general partner of NM Otis Co-Invest, L.P. is NMI Co-Invest GP, L.L.C. Steven B. Klinsky is the managing member of NM Co-Invest GP, L.L.C.
Calculation of the percentage of Common Stock beneficially owned is based on 12,148,566 shares of Common Stock outstanding following the offering described in the prospectus supplement on Form 424B5 filed by the Issuer with the Securities and Exchange Commission on March 10, 2026, plus the one million shares of Common Stock issued by the Issuer to the Reporting Persons on April 24, 2026.
(b)
Percent of class:
See Item 4(a) above.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Item 4(a) above.
(ii) Shared power to vote or to direct the vote:
See Item 4(a) above.
(iii) Sole power to dispose or to direct the disposition of:
See Item 4(a) above.
(iv) Shared power to dispose or to direct the disposition of:
See Item 4(a) above.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Each of the Reporting Persons hereby makes the following certification:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Broadcast Music, LLC
Signature:
/s/ Pam Schoenfeld
Name/Title:
Pam Schoenfeld, Senior Vice President and Chief Legal Officer
Date:
04/24/2026
BMI Funding, LLC
Signature:
/s/ Pam Schoenfeld
Name/Title:
Pam Schoenfeld, Senior Vice President and Chief Legal Officer
Date:
04/24/2026
BMI Guarantor SPE, LLC
Signature:
/s/ Pam Schoenfeld
Name/Title:
Pam Schoenfeld, Senior Vice President and Chief Legal Officer
Date:
04/24/2026
Broadcast Music, Inc.
Signature:
/s/ Pam Schoenfeld
Name/Title:
Pam Schoenfeld, Senior Vice President and Chief Legal Officer
Date:
04/24/2026
Otis Parent, Inc.
Signature:
/s/ Pam Schoenfeld
Name/Title:
Pam Schoenfeld, Senior Vice President and Chief Legal Officer
Date:
04/24/2026
Otis Intermediate, Inc.
Signature:
/s/ Pam Schoenfeld
Name/Title:
Pam Schoenfeld, Senior Vice President and Chief Legal Officer
Date:
04/24/2026
Otis Topco, L.P.
Signature:
/s/ Pam Schoenfeld
Name/Title:
By: Otis Topco GP, L.L.C., Pam Schoenfeld, Senior Vice President and Senior Legal Advisor
Date:
04/24/2026
Otis Topco GP, L.L.C.
Signature:
/s/ Pam Schoenfeld
Name/Title:
Pam Schoenfeld, Senior Vice President and Senior Legal Advisor
Date:
04/24/2026
NM Otis Co-Invest, L.P.
Signature:
/s/ Adam Weinstein
Name/Title:
Adam Weinstein, Authorized Person of NMI Co-Invest GP, L.L.C., its general partner
A group of related entities led by Broadcast Music, LLC and connected to Steven B. Klinsky filed the Schedule 13G. The filing lists ten reporting persons and a joint filing agreement executed on April 24, 2026.
How many LiveOne (LVO) shares does the reporting group own?
The reporting group beneficially owns 1,000,000 shares of LiveOne common stock. The filing shows shared voting and dispositive power over those one million shares among the affiliated entities.
What percentage of LiveOne (LVO) does 1,000,000 shares represent?
The one million shares represent 7.6% of the class. That percentage is calculated using 12,148,566 shares outstanding as described in the filing's referenced offering and issuance.
What share count did the filing use to compute the ownership percentage?
The filing bases the calculation on 12,148,566 shares outstanding following the prospectus supplement on March 10, 2026, plus the one million shares issued on April 24, 2026.
Does the Schedule 13G indicate active control or passive ownership?
The Schedule 13G includes a certification that the securities were not acquired to change or influence control, indicating a passive reporting posture by the Reporting Persons.
