Internet radio hosting platform Live365, which since 1999 has been providing streaming services for over 5000 small broadcasters, is shutting down. Via email, Live365 informed its current broadcasters that it will be ceasing operations at the end of the month. A quote from the email reads, “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.”
Live365 has maintained that the changing royalties, especially with the expiration of the Webcaster Settlement Act of 2009, coupled with the loss of long-time investors were the reasons for the shutdown.