diff --git a/package/live555/live555.mk b/package/live555/live555.mk
index 1fc533b13..7bb45cfeb 100644
--- a/package/live555/live555.mk
+++ b/package/live555/live555.mk
@@ -4,9 +4,11 @@
 #
 ################################################################################
 
-LIVE555_VERSION = 2011.06.16
+LIVE555_VERSION = 2014.01.11
 LIVE555_SOURCE = live.$(LIVE555_VERSION).tar.gz
 LIVE555_SITE = http://www.live555.com/liveMedia/public/
+LIVE555_LICENSE = LGPLv2.1+
+LIVE555_LICENSE_FILES = COPYING
 LIVE555_INSTALL_STAGING = YES
 
 define LIVE555_CONFIGURE_CMDS
@@ -34,12 +36,10 @@ LIVE555_LIBS_TO_INSTALL = \
 	UsageEnvironment/libUsageEnvironment.a \
 	BasicUsageEnvironment/libBasicUsageEnvironment.a
 
-LIVE555_FILES_TO_INSTALL- =
 LIVE555_FILES_TO_INSTALL-y =
 LIVE555_FILES_TO_INSTALL-$(BR2_PACKAGE_LIVE555_OPENRTSP) += testProgs/openRTSP
 LIVE555_FILES_TO_INSTALL-$(BR2_PACKAGE_LIVE555_MEDIASERVER) += mediaServer/live555MediaServer
 LIVE555_FILES_TO_INSTALL-$(BR2_PACKAGE_LIVE555_MPEG2_INDEXER) += testProgs/MPEG2TransportStreamIndexer
-LIVE555_FILES_TO_INSTALL- += $(LIVE555_FILES_TO_INSTALL-y)
 
 define LIVE555_INSTALL_STAGING_CMDS
 	for i in $(LIVE555_HEADERS_TO_INSTALL); do \