although this article for the Raspberry Pi with USB API, the same problem with the THETA being mounted as a filesystem may interfere with live streaming over USB cable because the OS think the camera is a filesystem and not a video devices.
The key part is this:
pi@raspberrypi ~ $ sudo apt remove gvfs-backends
Reading package lists... Done
Building dependency tree
Reading state information... Done
The following packages will be REMOVED:
gvfs-backends
There may be other automount problems.
see this article:
Although the article is for NVIDIA Jetson, you may have utility on the raspberry pi that is automounting the camera as a media device.