AfterDawn: Tech news

Musicbank ceases operations

Written by Petteri Pyyny (Google+) @ 12 Apr 2001 4:02

Yet another failure in digital music business. Musicbank has ceased their operations after failing to find financing in current dotcom situation.
Musicbank offered a "locker" service where users could store their music in digital format -- pretty similiar what My.MP3.com is.

Musicbank's investors included Bertelsmann and UMG. Company also had licensing deals with Warner, EMI and Sony.

Previous Next  
Comments have been disabled for this article.

News archive