Tag: shutdowns

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Samsung shutting down Milk Music service

It’s tempting to go tabloid and call this the Summer Of Shutdowns in the digital music world. After Crowdmix and Cür Media, Samsung announced on Friday that its Milk Music streaming service is also closing down in the...
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Cür Media lays off all its staff

Did US music-streaming firm Cür Media ever have a genuine shot at survival, let alone success? The company that famously promised $8m of advance payments to labels when it had much less than that in the bank appears to...
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The Secret Business Affairs Executive: Lessons from Omnifone’s fall

Music Ally's mystery columnist has seen the digital music market from both side of the rightsholders / startups divide. Now they're spilling the beans. "Yet another one bites the dust. And it’s happening faster than...
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Omnifone business and assets to be sold for $10m to US firm

Stricken digital music firm Omnifone’s technology business and assets are being bought for $10m by a mystery US company. That’s according to a document published by the firm’s administrator Leonard Curtis through...
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Crowdmix entering administration after funding falls through

UK-based social music startup Crowdmix is entering administration, after failing to secure a new round of funding. The company soft-launched its app earlier this year but had yet to launch fully, despite a 150-strong headcount. Business...
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Beatport suspends auction and cans its streaming service

Beatport has suspended the auction process that was expected to see the dance brand sold by stricken parent company SFX Entertainment. What’s more, Beatport is also shutting down its streaming service and mobile app,...
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Digital music firm Omnifone placed into administration

B2B digital-music firm Omnifone has been placed into administration, resulting in the layoff of up to 70 staff as it seeks a buyer for the company’s technology assets. The UK-based company’s clients include Samsung,...
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Drip shuts down after ‘hard look’ at its future

We’re sorry to say that Drip – the platform that helped indie labels including Domino, Ninja Tune and OWSLA to launch their own subscription services for fans – is shutting down. “We’ve decided to conclude the...
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Early Australian streaming service JB Hi-Fi Now shuts down

Australian retailer JB Hi-Fi was one of the first companies to launch a music-streaming service in its home country back in 2012, but intense competition from global players is now forcing it to close. “Sadly, the JB...
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Line to shut down MixRadio streaming service

Music-streaming service MixRadio is to shut down in the coming weeks, after parent company Line decided that the “financial challenges” of the streaming market were too high. “The MixRadio music streaming service...
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Clubbing app Beatguide shuts down

We’re sad to report on the first startup shutdown of 2016, as dance-events app Beatguide announced that it is closing its doors. “Goodbye, friends. We gave it a shot! We had a great time. Much love from Berlin,”...
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Yahoo shuts down its Yahoo Screen online-video service

It’s not that long since Yahoo was being tipped as one of the firms capable of giving YouTube some decent competition in the online-video market – including poaching some of its big stars. Now, though, Yahoo is shutting...