| 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);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (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);
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| (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:
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| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| 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:
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| | (i) Sole power to vote or to direct the vote:
See Item 4(a) above.
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| | (ii) Shared power to vote or to direct the vote:
See Item 4(a) above.
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| | (iii) Sole power to dispose or to direct the disposition of:
See Item 4(a) above.
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| | (iv) Shared power to dispose or to direct the disposition of:
See Item 4(a) above.
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| Item 5. | Ownership of 5 Percent or Less of a Class. |
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Not Applicable
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| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
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Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
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Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. |
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Not Applicable
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| Item 9. | Notice of Dissolution of Group. |
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Not Applicable
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Rule 13d-1(c)