Another music startup bites the dust, although this one at least got a decent run. Radical Indie is the service formerly known as Radical.fm, which provided a platform for live, streaming radio – including users creating and broadcasting their own stations, tapping its catalogue of independent music.
“Move Over SoundCloud, There’s a New Sheriff in Town,” was the headline on its website, but the company’s donations-focused business model hasn’t been enough to keep the lights on. Radical Indie has taken its live service offline, and is trying to sell its assets, including its ‘Talk’ technology for live show broadcasts.
“We’ve taken all the things old-school radio is great at — like live personalities and concurrent listening — digitally supercharged them for the streaming era, and the response to Talk has been exclusively positive,” said CEO Thomas McAlevey in a statement.
“Our platform’s IP incorporates many firsts and trade secrets, but despite our quality, and the support of our users and shareholders, Radical simply lacks the muscle to reach the full potential of this tech on our own. Talk deserves a strong owner.”
With startups like Stationhead offering similar technology, we’ll see if anyone bites.