The company, which launched Music Lounge offering unlimited downloads from a number of indies as well as EMI and Warner last October, says it is unable to pay its debts to labels, making closure the only option. Datz managing director Michael Richardson explains that this also means a sale as a going concern highly unlikely.
The Music Lounge site closed around a week ago and the product has not been on sale for around the same time.
Richardson explains that ...
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