7digital needs £4.5 million before next month or faces administration

7digital’s future is on the line as it needs to raise a load of additional funds as July approaches on the brink of administration. B2B music service 7digital is on a shaky precipice that requires…

Is high street music dead? HMV collapse into administration – again

The UK’s biggest music retailer are struggling to keep up as music goes digital going into administration after clawing their way out of it 5 years ago. It’s a sign of the times – the…

Omnifone’s technology and assets to be sold to mystery company for $10 million

After a series of losses Omnifone, the digital B2B company that’s currently in administration, have accepted a sale of assets for $10 million to an unrevealed US company. Omnifone have built their business by providing…

Crowdmix’s “social network for music” enters administration after failing to pay vendors

Crowdmix’s newly launched social platform intended to drive music streaming follows April’s 8% staff layoffs with more uncertainty over their future. The London based company launched, by invite only, in May after being founded and…

Pinnacle Entertainment Has Gone Into Administration

It has been reported to a source close to Hypebot that Pinnacle (UKs largest indie music player) has now gone into administration. The UK giant has dozens of record labels signed up including One Little…