Instant Live Acquires U.S. Patent

(CelebrityAccess MediaWire) — Instant Live LLC 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 debuted last year in clubs and theaters in the Northeast, toured with national acts and recently expanded 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 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, 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 business method fully proprietary and adds to its existing intellectual property. –Bob Grossweiner and Jane Cohen