AfterDawn: Tech news

Online music companies suffer

Written by Petteri Pyyny (Google+) @ 05 Jan 2001 4:02

Several used-to-be-major players of the online music industry are suffering financially. Just to grab the latest headlines; has laid off 25% of its staff few days ago, trying to achieve profitability as soon as possible. Also, custom cd maker, has plans to liquidate the company referring to bad financial status and failed licensing negotiations with major labels.
Also, big online music site has sued, another big digital media site, over unpaid advertisement fees. Meanwhile, itself has filed a suit against - Launch claims that Checkout owes almost $300k to Launch.

OMG, it's good that our site isn't based on VC money :-)

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