SpiralFrog shuts down

$9 million in debt?


20 March 2009 11:43 GMT / By Amy-Mae Elliott

The SpiralFrog ad-supported music service, a pioneer in such an area when it was first announced back in 2006, has "quietly" closed down this week.

CNet reports that SpiralFrog has ceased operations and assets have been surrendered to creditors.

In order to try and struggle through recent difficulties, it's reported that the company had recently borrowed around $9 million from "several hedge funds and others".

The site offered "free" music, paid for by advertising, but only signed two deals with major record companies, never offering tracks from Sony or Warner Music.
Related
Full tags
Audio, Biz, Websites, Music downloads, Spiralfrog

share print story pdf email story

Recommended articles

Recommended articles from around the web
Loading

Best iPad 2 apps

We detail the best iPad 2 and iPad apps in the app store Which iPad app should you download?

Best new iPad apps

We detail the best iPad apps in the app store for your new Retina Display Which iPad app should you download?

Windows 8

First Look: Windows 8 Consumer Preview reviewed

The new iPad

The new iPad: Everything you need to know

Pocket-lint poll

Q. Does the Samsung Galaxy S III deliver what you hoped for?

Vote YES Vote NO

» LAST TIME
When asked Would you switch from iOS to Android? 54% said yes and 46% said no