CRB Rate Hikes Force Changes at Live 365

Posted By James on Dec 30 2015 02:18 PM

Internet radio broadcasting company Live 365 has been forced to significantly reduce staff and is actively looking for partners to help continue the service into 2016. The company, which allows users to create their own online radio stations, or choose to listen to thousands of human curated stations from around the globe, has been around for 17 years, but new music royalty rates have brought on challenges.

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 that led to the changes. The previous provisions for small webcasters to opt for a percentage of revenue model were not renewed, and end this week. 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 for over a decade. At this time, Live365 is planning to keep their stations active while getting the word out about this investment opportunity.
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 said “The true value of Live365 lies in its 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.”

Originally Posted at InsideRadio

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