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Live365 about to bite the dust 01/31/2016

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SFEnnisSF:
Dear Live365 Listener,

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.

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. The previous provisions for small webcasters to opt for a percentage of revenue model were not renewed.

The current provisions end at the end of 2015. The absence of this license will make legally streaming copyrighted musical content prohibitively expensive for many small to mid-sized Internet broadcasters. 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.

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.

The company was forced to significantly reduce staff and is now actively looking for partners to help continue the service into 2016. At this time, Live365 is planning to keep their stations active while getting the word out about this investment opportunity. 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.
 
CEO N. Mark Lam has begun initial discussions with possible business partners as the company looks to new options in the new year.

Dean Kattari, Director of Broadcasting for Live365:

"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. These stations are the hard work of real human beings who use Live365 to share their vision with the world. 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. It would be a great loss for this to all go away."

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.

We thank you for being part of the Live365 family and hope for the best in 2016.

Rock on,

The Last of the Live365ers


FAQ

So what happened?
Please refer to the full PR bulletin here. Basically, Live365 may not be able to continue service for our broadcasters after January 31, 2016; so streaming audio may stop at that point.

Can I still get support for my current services?
We will be deferring all inquiries to email correspondence only. Technicians will be accessing emails 7 days a week throughout January to assist our listeners.  For Inquiries, please email [email protected].

How does this affect my VIP services?
Many of our stations will continue broadcasting until January 31th. You can use that time to research other streaming provider options.

I prepaid for the year/3 months/6 months, am I eligible for any refunds?
Prorated refund of services will be facilitated by requests sent to [email protected]. Please note these emails will be handled with the highest priority.
So that we can quickly reply to your requests, please include at least one of the following:
Username - Email address - Account number

Why is my preferred station is not broadcasting?
Due to the new rulings of the Copyright Royalty Board, some of our stations (Personal Broadcasters) will not be issued a new license for 2016 so they might stop broadcasting at the end of December. Our Pro Broadcasting stations should continue for the duration of January.

CellarDweller:
What a sad day.  I had a station  back in the day, and had a group of listeners.....played mostly freestyle.

Front-Ranger:
oohh, what does that mean for BBM Radio? :(

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