The decision was taken after the recent demise of Amato Distribution, which left the company owed approximately £75,000, a debt it was unable to absorb.

Although 3 Beat has no plans to work in label management again in the near future, it remains hopeful that a partner will be found to enable it to re-open its digital download store.

The company says that the closure of 3 Beat Label Management will have no effect on the other elements of the ...