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LiveOne Cuts JGB Debt By $8.5M, Targets Interest Savings And Further Cost Reductions

Benzinga·11/04/2026 14:11:28
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  • Expects $1.5 million in annual interest savings.
  • The Company targets an additional $2-$3 million in expense cuts.
  • PodcastOne (NASDAQ:PODC) Special Committee evaluates M&A, strategic investment, partnerships and a potential sale.
  • LiveOne to launch with a B2B partner that has more than 50 million monthly paying members.
  • Expands AI monetization and distribution.
  • Expects to announce a new president before year-end.

LOS ANGELES, CA / ACCESS Newswire / November 4, 2026 / LiveOne (NASDAQ:LVO) today announced it has extinguished $8.5 million in JGB debt, including $5.5 million in October, reducing the balance to $9 million. The Company expects $1.5 million in annual interest savings and is targeting an additional $2-$3 million in expense cuts.

LiveOne is preparing to launch with a B2B partner that has more than 50 million monthly paying members. The Company is also expanding AI monetization and distribution and expects to announce a new president before year-end.

PodcastOne's Special Committee continues to evaluate strategic alternatives, including M&A, a strategic investment, a partnership or a potential sale.