FOSTER CITY, CA (Hypebot) – Rates that net broadcasters to play music went up late last year and with the rate hike came the elimination of a special rates for smaller net broadcasters. The fallout is starting and today Live365, which since 1999 has been providing streaming services for 5000+ of small broadcasters, is shutting down.
In an email to its broadcasters, Live365 wrote:
"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."