Live365 and PlanetaTV.com Team to Deliver Free Online Radio to Hispanic Audience

FOSTER CITY, CA -- Jan. 31, 2005 -- Live365, the world’s largest and leading internet radio network, and PlanetaTV.com, the first Spanish language broadband network, announced today that they will team up to develop and deliver up to 150 Spanish-speaking Internet radio stations and will make them available for free to listeners on PlanetaTV’s network of broadband portals.

The online radios will offer Latin music stations including tropical, salsa, rock en Espanol and mainstream stations such as pop, rock and hip-hop.

“Our audience has proven to be an avid consumer of music content from a wide variety of genres, from Regional Mexican to Hip-hop. We are very pleased to add the online radio stations offered by Live 365 to further enhance PlanetaTV.com with top quality free radio offering, thereby creating an even more robust platform for advertisers looking to reach the young US Hispanic audience. We will continue to listen to our audience and strive to provide the best, most compelling, interactive multimedia content online,” said Rafael Urbina, CEO of Planeta Networks.

“Live365 aims to provide choices for every audience and the Hispanic music market is no different,” said Rags Gupta, Chief Operating Officer for Live365. “The Internet makes it possible for people of different cultures and backgrounds to listen to the music they love regardless of geographic boundaries. PlanetaTV.com provides an established audience of young Hispanic Americans and we’re thrilled to be providing these listeners with programming that’s relevant to their everyday lives.”

PlanetaTV.com will also promote Live365’s create your own radio station product throughout its network of sites in the United States, Spain and Latin America.

About Live365

With thousands of stations and more than 2 million listeners a month, Live365 is the largest Internet radio network. The Company gives individuals and organizations a “voice” to be able to reach a global audience, while offering radio listeners an unparalleled choice in music and other audio content. Through easy-to-use tools and services, anyone with a computer and an Internet connection can create their own Internet radio station. As a result, Live365 offers the most diverse array of high-quality radio available today, with thousands of stations spanning myriad genres and over 150 countries.

Launched in July 1999, Live365 is a two-time winner of the Best Radio Website Award from the Web Marketing Association, a two-time winner of the People’s Voice award for Best Music Site at the Webby Awards, and has received Best-of-Web designations from Forbes.com and the San Francisco Chronicle. The Company is a member of the Digital Media Association (DiMA), the National Association of Broadcasters (NAB), the Association for Independent Music (AFIM), the Intercollegiate Broadcasting System (IBS), and Collegiate Broadcasters, Inc. (CBI). Based in Foster City, California, Live365 is DMCA-compliant and pays royalties to labels, artists, songwriters and publishers.

About PlanetaTV.com

PlanetaTV.com is the first Spanish language broadband network streaming 3 million news and entertainment videos per month, on 20 exclusive video channels including live video and radio. PlanetaTV offers the latest interviews, music videoclips, movie trailers, behind the scenes, and more from the music, television and movie industries. Plus, the best content from Latino superstars including Gabriela Spanic, Molotov, Jennifer Lopez, Ricky Martin, Thalia, Paulina Rubio and Dorismar.

PlanetaTV gives access to breaking news from Latin America’s local and international providers. Our network streams live and on-demand news from leading news broadcasters from Mexico, Argentina, Venezuela, Ecuador, and more.

These sites are developed on Planeta Networks’ proprietary digital media platforms, which allow the creation, management, distribution and commercialization of multimedia contents via the internet.

Contact Information

Candice J. Yusim

Media Contact

mPRm Public Relations

Contact via E-mail