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Home arrow News arrow November 2009 arrow DJDownload (online music store) is shutting down?

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DJDownload (online music store) is shutting down?
05 November 2009

 

There are some strange rumors circulating in the web today, that leading UK online music store is going to shut down their business. We don't have any offcial confirmation yet. There are noting about this case on their website , twitter or the blog . And we hope that it's not true. Anyway here's a source of information:
"Dear Label Partner
It is with great regret that we have to inform you that DJdownload Limited has been placed into administration by the Directors of the company effective today.
The Directors have worked extremely hard over the past few months to try and save the company: overheads were reduced and attempts to increase revenues were made but ongoing efforts to raise further finance were unsuccessful. Despite their best efforts the company was not able to continue to trade.
We would like to thank you for your support and business over the years and we wish you all the best in the future.
If you have any questions with regard to UNPAID ROYALTIES from DJDownload Limited please contact:
Marguerite Webster - Case Administrator at Bridge Business Recovery
E-mail: xxx
Phone: xxx

Yours sincerely
Justin Pearse
DJdownload.com is a London based digital electronic dance music store founded by DJs and clubbers for DJs and clubbers in 2004. In their mission statement DJDownload say "djdownload will bring you the best f@#$ing dance music on the planet. A global one-stop shop for everything dance and electronic, we will be recognized for efficiency, simplicity, customer service and music range. We will support labels and dance music producers by providing a platform for efficient legal online distribution and help our customers by providing the best tools to identify the music they want to buy. Don't miss a beat."

UPDATE!

Juno have bought the business. Juno and DJdownload will combine their strength and make the electronic music download market more competitive. Under the newly agreed arrangement, the administrators will still be called in, with the website continuing to trade via Juno's content and administrative guidance. The front-end experience, however, will remain the same, with Juno taking care of all back-end operations. Justin Pearse will continue as Head of Music at DJDownload.
"DJ Download is a pioneer in digital music and a key player in the dance music business", said Juno founder Richard Atherton. "We believe that with the combined strength of the Juno and DJdownload brands, we can make the download market more competitive and improve customer choice."

source: ResidentAdvisor

 
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