We noted earlier this month that things weren’t looking good for long-running online radio service Live365. The problems the company is facing have turned out to be more than it could handle and Live365 will be shutting down completely on January 31, 2016. Last week, Live365 issued this statement to all of its registered users:
Dear Live365 Broadcasters,
You should have already received our notification and link to the press release regarding two issues that have affected Live365 in the last few weeks.
The CRB ruling handed down in December, 2015 did NOT renew or address the expiration of the small webcaster percentage of revenue plans. At this time there is no small webcaster options except for full CRB rates.
Live365’s long time investors have stopped funding us. As a result, we are no longer able to sustain our service. We are sad that we are closing our doors at the end of this month. There are always possibilities that we can come back in one form or another, but at this point in time, January 31, 2016 is the last day that Live365’s streaming servers and website will be maintained and supported.
This is a surprise to us as it is to all of you. We are proud that Live365 was a pioneer in the streaming music business and have provided a platform to hundreds of thousands of broadcasters to have a voice over the years.
Unfortunately, we have to say good bye. Along with this announcement, Live365 has recommended StreamLicensing.com and StreamGuys to users who’d like to continue running their online stations. Live365 is suggesting that users who migrate to either of these service let the new services know that they’re coming from Live365.