Deal sheet
- Status
- Confirmed
- Type
- Acquisition
- Parties
- LiveOne, Inc., Splitmind LLC, Drumify LLC
- Amount
- Not disclosed Not disclosed
- Rights covered
- Equity in two operating companies, not a transfer of named songs or recordings. LiveOne discloses a majority interest in Splitmind LLC and Drumify LLC and nothing more: the percentage is not given, and no filing read by this desk identifies a single copyright, master recording, song title, songwriter or catalogue that moved. LiveOne separately tells investors that Splitmind holds a catalogue of 40,000 copyrights and 2 billion streams, and that recent Splitmind collaborations include Wizkid. The filings do not state whether Splitmind owns, co-owns, administers, publishes, distributes or merely licenses anything connected to Wizkid. None of those four words appears in connection with his name in any document read.
- Territory
- Not stated. No filing read specifies a territory for the equity purchase or for the claimed 40,000-copyright catalogue. The FY2026 Form 10-K contains no occurrence of the words Africa or Nigeria, and neither does the 30 July 2026 prospectus supplement that names Wizkid.
- Announced
- 2023-02-28
- Primary document
- Regulatory filing
- Sources
- LiveOne 424B5 prospectus supplement, 30 July 2026 (acquisition date, majority interest, 40,000 copyrights, Wizkid) · LiveOne Form 10-Q, 14 Aug 2026: still asserts the 28 Feb 2023 majority interest and all three publishing subsidiaries · LiveOne Exhibit 21.1, FY2026 (29 Jun 2026): subsidiary list ends at DayOne Music Publishing; Splitmind and Drumify omitted · LiveOne Exhibit 21.1, FY2025: lists Drumify LLC and Splitmind LLC, both California · LiveOne Exhibit 21.1, FY2024: lists Drumify LLC and Splitmind LLC, both California · LiveOne Form 10-K, FY2026: Item 1 names DayOne alone, MD&A names all three, risk factors cite the recently completed acquisition of Drumify and Splitmind · LiveOne Form 10-K for the fiscal year containing the acquisition: zero occurrences of Splitmind or Drumify · LiveOne Form S-3, 13 Feb 2025: earliest document found carrying the Wizkid collaboration sentence · Apple catalogue lookup, Wizkid artist 309335750: 157 releases, no phonogram line naming Splitmind, Drumify, DayOne or LiveOne
Read this before citing: This record documents an equity purchase, not a catalogue sale, and its central finding is how little has been disclosed. Specifically: (1) LiveOne says majority interest and never states a percentage, so this desk cannot say LiveOne owns Splitmind or Drumify outright, and the record does not say so. (2) No consideration, cash, stock, earn-out or otherwise, appears in any filing read, so the amount is Not disclosed rather than unknown-but-estimable. (3) The sellers are not named, and no 8-K announced the transaction. (4) The 40,000-copyright and 2-billion-stream figures appear only in registration statements and prospectus supplements, which are documents used to sell securities; they appear in no Form 10-K or 10-Q, and are not attributed to any audit or third-party verification. (5) Wizkid is named in seven LiveOne offering documents and in none of its periodic reports. The word used is collaborations, which is not a rights term, and the filings nowhere state that Splitmind owns, administers, publishes, distributes or licenses any Wizkid work. Nothing in this record should be read as a claim that LiveOne or Splitmind holds any interest in Wizkid copyrights. (6) The FY2026 Exhibit 21.1 omits both LLCs while the body of the same 10-K, the following 10-Q and the following prospectus supplement all continue to call them subsidiaries. Item 601(b)(21) of Regulation S-K permits a registrant to omit subsidiaries that are not significant subsidiaries, so the likeliest reading is a materiality judgement rather than a disposal, and the FY2026 10-K contains no deconsolidation, divestiture, disposal or dissolution language. The filing does not say which, and this desk did not establish it. (7) Checks attempted and failed, recorded as failures: the California Secretary of State business search API returned HTTP 429 on two attempts, so neither LLC registration status was confirmed; ASCAP ACE returned HTTP 403; BMI repertoire returned a bot-challenge page; splitmind.com resolves to a parked domain-for-sale page and splitmind.io is an unrelated creative agency; MusicBrainz label search returns count 0 for Splitmind, Drumify, DayOne Music Publishing and LiveOne; Deezer returned 74 Wizkid albums with empty label fields. (8) The Apple catalogue check covers phonogram credits, which are master-recording credits. Splitmind is described as a producer-copyright business, so the absence of its name from those 157 lines does not by itself disprove a publishing-side relationship, and no publishing registry this desk could reach would confirm or deny one.
