CRB Rate Hikes Force Changes at Live 365

[saint]

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.

 

http://www.insideradio.com/free/crb-rate-hikes-force-changes-at-live/article_465d424e-aee0-11e5-a3bf-8bf4ae050c02.html

[James]

Interesting.

 

Painful to say but I doubt they will see any investors/partners with the amount of confidence the new royalty charges has created.

[BWorld]

Unfortunate for Live365, but good for Stream Hosts who may have some new customers if 365 closes. One of the biggest reason we didn't get involved with royalties.

[grahambaster]

It seems Radionomy is a similar service to Live365 and yet I've seen nothing about them regarding the latest CRB. Is it because they are located in Europe and not the USA?