[April 07, 2004] Instant Live LLC Acquires U.S. Patent BOSTON --(Business Wire)-- April 7, 2004 -- Instant Live(TM) captures and preserves the sound and excitement of the live performance delivering concert recordings to fans immediately after the show Instant Live LLC today announced that the company has acquired the U.S. Patent and continuation for the business method of creating and distributing digital concert recordings contemporaneously at events. The patent covers all media. Based on an application filed in 2000, the Patent is the first ever issued for the on site creation and distribution of recordings of live events. Instant Live LLC records, duplicates, packages and sells live recordings of musical artists to fans immediately following the concert. CD's are delivered to fans within 5 minutes after the end of the show. Instant Live(TM) debuted last year in clubs and theaters in the Northeast, toured with national acts and has recently announced the expansion of its operational base. We are extremely pleased to be the owners of this recording and distribution business method, said Brian Becker, CEO of Clear Channel Entertainment. Instant Live(TM) is one of several exciting new initiatives. We are committed to continuing to grow our company in artist and fan friendly endeavors. Steve Simon, Executive Vice President of Clear Channel Entertainment's Music Division and the Director of Instant Live(TM), said, We are dedicated to the growth of the format. We would like to make the contemporaneous recording business as inclusive as possible and attractive to all artists. It represents a great opportunity for established acts to deliver something special to fans while enhancing their revenues. It also enables less established acts to make and distribute high quality recordings and generate additional revenue without incurring expenses. The acquisition covers U.S. Patent No. 6,614,729 issued on September 2, 2003 and includes a continuation patent application number 10/624,077. The Patent has a priority date of September 26, 2000. The patent acquisition will make the Instant Live(TM) business method fully proprietary and adds to its existing intellectual property. Instant Live(TM) was introduced in February 2003, in Boston and offered music fans an opportunity to purchase a CD recording of the concert they just attended before they left the venue. Instant Live(TM) concerts are recorded using state-of-the-art technology, including a combination of ambient microphones and feeds from the soundboard. By summer 2003, Instant Live(TM) was recording the legendary Allman Brothers Band and popular jam band Moe. in theaters and amphitheaters across the country. Instant Live(TM) will soon be announcing plans for digital distribution and the Summer 2004 concert season. Plans for on site digital distribution are in the works. About Clear Channel Entertainment: Clear Channel Entertainment, a leading producer and marketer of live entertainment events is a subsidiary of Clear Channel Communications (NYSE: CCU), a global leader in the away-from-home advertising industry. Clear Channel Entertainment currently owns, operates and/or exclusively books approximately 130 live entertainment venues, including nearly 100 in North America and more than 30 in Europe. In 2003, 69 million people attended approximately 32,000 events promoted and/or produced by the company, including live music events; Broadway, West End and touring theatrical shows; family entertainment shows; museum exhibitions, and specialized sports and motor sports events. In addition, the company's independently operated athlete representation business, SFX, provides management, marketing and financial consulting services to many of the world's top professional athletes. Clear Channel Entertainment also provides marketing services through LIVE Channel, a company dedicated to creating and executing live events for companies seeking brand promotion. Clear Channel Entertainment operates throughout North America, Europe, and Australia. More information may be found by visiting www.cc.com and www.clearchannel.com. [ Back To TMCnet.com's Homepage ]