For years, if you wanted to have your own online radio station, you went to Live365 and they’d host everything for you. That era is coming to an end.
Back before Christmas after a decision on tariffs by the Copyright Royalty Board in the US, Live365 laid off a bunch of staff and vacated their offices. Even though the ruling resulted in new rates that weren’t as high as some expected, the hike was just too much for the company. Combined with the loss of some key investors, this was a death sentence.
Word is that it’s now telling all their broadcasters that they will shut down all operations by the end of the month. That’s next week.
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 bad news for webcasters everywhere. (Via RAIN)