The company says the music streamer is now engaging in copyright infringement by continuing to play tracks by artists including Beyoncé, Miley Cyrus and Tate McRae.
Revenue fell 6% to $29.4 million in the streaming company's fiscal third quarter ended Dec. 31, though nine-month revenue was up 8.7%.
The possibility of less regulation and pro-market policies led to record highs for the Dow, S&P 500 and Nasdaq composite indexes.
LiveOne lowered revenue and EBITDA guidance after it was announced that the company's streaming platform is losing its preferred status in Tesla vehicles.
The Billboard Global Music Index rose 4.1% to a record 1,873.87, bringing its year-to-date gain to 22.2%.
Neighbors say LiveOne is the second entertainment company to lease the 6,000-square-foot property and cause a nuisance "in the heart of Beverly Hills."
In the final week of 2023, the 20-stock music index gained 1.1% to 1,534.07.
The Billboard Global Music Index declined 0.3% to 1,390.68, lowering its year-to-date gain to 19.1%.
“Market conditions for micro-cap stocks, for stocks under $1 billion, are just decimated this year as a whole,” says LiveOne CEO Robert Ellin.
Spinoff of LiveOne falls nearly 50% one day after Von goes public with Kast Media allegations
