LiveOne Appoints Ryan Carhart as Chief Financial Officer

LiveOne, Inc. (NASDAQ: LVO) announced in its latest SEC Form 8-K filing that effective February 19, 2025, Ryan Carhart has been appointed Chief Financial Officer, Treasurer, and Secretary of the company, succeeding Aaron Sullivan. Carhart, who had been serving as Vice President and Controller of the company since September 2023, will also serve as Principal Accounting Officer for LiveOne, PodcastOne, and Slacker, Inc., the company’s subsidiary.

The filing noted that Mr. Sullivan’s departure was not associated with any dispute. Carhart, age 45, brings extensive financial expertise from previous roles including serving as CFO at AUDIENCEX and as Principal Financial Officer for Vado Corp, in addition to his experience at MNTN and PricewaterhouseCoopers.

In a press release dated February 25, 2025, LiveOne’s CEO Robert Ellin praised Carhart’s leadership and financial acumen. Ellin highlighted that Carhart had already implemented measures anticipated to yield cost savings of an additional $13 million, contributing to projected total cash savings of over $23 million. The CEO also noted Carhart’s instrumental role in restructuring the company’s debt, including paying down $3.7 million of a $7 million loan with East West Bank and securing a new loan agreement, as well as a Letter of Intent with a major commercial bank to refinance the remaining debt and support growth through additional capital.

The appointment underscores the company’s focus on strengthening its financial management and operational efficiency as it continues to expand its music, entertainment, and technology platforms. The press release, which is attached to the SEC filing as Exhibit 99.1, provided further details on the cost-saving initiatives and strategic financial steps underway at LiveOne and its subsidiaries.

No related family relationships or additional transactions of material interest with respect to Carhart were disclosed in the filing. The company indicated that additional compensation measures for Carhart may be provided in the future.

LiveOne continues to drive forward its strategic priorities while reinforcing its leadership team to support ongoing growth and operational excellence.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read LiveOne’s 8K filing here.

LiveOne Company Profile

LiveOne, Inc, a digital media company, engages in the acquisition, distribution, and monetization of live music, Internet radio, podcasting/vodcasting, and music-related streaming and video content. It operates LiveXLive, a live music streaming platform; PodcastOne, a podcasting platform; and Slacker, an integrated membership and advertising streaming music service, as well as produces original music-related content.