The site, which over the last year shed most of its staff and was operating on a skeleton basis, said in a statement on its website that it would close on July 29.
"It's been fast, furious, fun and hopefully fruity, but God told us that all good things must come to an end! And even we listen to God, so sadly we've decided that Music365 is to close its doors as the website that brings you the best -- and the funniest -- music news, views and gossip on the web on July 29."
While the site will close, 365 intends to continue producing a free weekly Music365 email round up.