My WDTV Live Plus won't read my external hard drive. Are there file limitations? It is a 4tb easystore

Hard Drives over 2TB use GPT (GUID Partition Table)

Apparently, support for GPT was resolved with a Firmware Update.

Also, make sure your Hard Drive is formatted either NTFS, FAT32 or HFS

WDTV Media Players are not compatible with exFAT.