From Radio Survivor:
After coming to the brink of a shutdown when grant monies were dramatically reduced, the Free Archive announced that it will live on under the ownership of camera rental company KitSplit. A few weeks ago my Radio Survivor colleague Erick Klein talked at length with FMA Director Cheyenne Hohman, who explained why the project was on the verge of shutting down, though leaving the door open to a possible recovery.
Although the FMA was originally conceived by founding community radio station WFMU as as a repository of music free from performance royalties for non-commercial radio stations to play online, it also became a place for independent film- and video-makers to find music for their productions, available for free or at low-cost. The KitSplit acquisition reflects that constituency, since the company supports independent creators in a variety of ways.