Andre Yoskowitz
24 Sep 2007 17:58
Virgin Digital has decided to shut down its digital music business and has stopped selling tracks or accepting new customers as of today.
According to the company, the shut down will be for good on October 19th. Also according to a note on the UK version of the site, "New sales of music will end September 29. Those customers who have a payment due before the shut off date will lose access the day their next payment is due."
The American site will also be closing, but differently than the UK site. Instead of losing all their unused credits, US users will be allowed to transfer their credits to the Napster online store.
If you have a subscription however, you will lose all access to your music on the 19th regardless. The closing of Virgin Digital is similar to that of MTV Urge which closed down a couple months ago due to ineffectiveness in competing with the like of iTunes and Napster.
Source:
BetaNews