Please refer to the full PR bulletin here. We thank you for being part of the Live365 family and hope for the best in 2016. While Live365 is going through this process, we understand that our listeners will have questions about how all of this will affect their service so we have provided a simple FAQ section to help answer some of them. It would be a great loss for this to all go away.' It's a home for musical discovery because many of these stations play emerging artists that terrestrial stations are reluctant to take a chance on. These stations are the hard work of real human beings who use Live365 to share their vision with the world. 'The true value of Live365 lies in it's diversity of content - it's a sanctuary where you can hear music and other content that it so unlike the template broadcasting that is heard on most terrestrial radio. Mark Lam has begun initial discussions with possible business partners as the company looks to new options in the new year.ĭean Kattari, Director of Broadcasting for Live365:

With nearly two decades of Internet streaming experience and thousands of paying customers, this could be an ideal situation for a company looking to diversify into streaming audio.ĬEO N. At this time, Live365 is planning to keep their stations active while getting the word out about this investment opportunity. The company was forced to significantly reduce staff and is now actively looking for partners to help continue the service into 2016. Two weeks ago, Live365 faced an additional blow, losing the support of its investors who have helped the company with its mission for over a decade. Live365 relies on this license for many of their broadcast partners and, as such, has hard decisions to make regarding their future in the streaming industry.

The absence of this license will make legally streaming copyrighted musical content prohibitively expensive for many small to mid-sized Internet broadcasters. The current provisions end at the end of 2015. The previous provisions for small webcasters to opt for a percentage of revenue model were not renewed. Recently, the Copyright Royalty Board, the governing entity for establishing the sound recording royalty rates that are paid to copyright holders, has published the new rates for 2016-20. For 17 years, Live365 has offered small webcasters the opportunity to stream music and talk programming, providing an alternative distribution channel for diverse, quality content on the Internet in a legally responsible way.

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