Monday March 23, 2009 2:24 pm
SpiralFrog Goes Under
Quietly, SpiralFrog stopped croaking last Thursday. The company had been in trouble last year and issued secured notes to borrow about $9 million. Launched in August 2006, the site offered free downloads and featured advertising to pay for the privilege. It launched with Universal and took almost 2 years to add EMI. While the weak economy and having CEO changes may be part of the reason for the demise, it probably didn’t help that the files were DRM-protected.
Read More | cnet
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- advertising, bankrupt, closed, downloads, drm-protected music, music, spiralfrog, universal