Boinc's business model would have seen Beyond Oblivion pay 70% of annual revenues to rights holders - and even pay out a royalty fee when identifiable illegal downloadeds were ripped to the service.

Boinc would not have required any paid-for subscription from consumers, but Beyond Oblivion would have taken revenues from the sale of devices onto which it was pre-loaded, including PCs and smartphones.

Music Week revealed in October that Sony and Warner had backed the service, whilst discussions ...