MusicAlly has reported that the People’s Music Store is heading for closure. The People’s Music Store is a UK startup that lets music fans set up and run their own digital music store. They signed with Universal Music, but that wasnt even enough to save the business.

Co-founder Ged Day has written to users explaining that the store will go offline this Friday. “Unfortunately, [co-founder] Ed and I have made the difficult decision to take our company in a different direction and so have decided to take peoplesmusicstore.com offline,” he writes.

“This is something that has loomed over us for a while now, and I am happy to say that we really did hold on for as long as we could given the circumstances, but it has now reached the point where we must consider alternative routes.”

The idea of turning music fans into actual curators is very interesting and Im sure that this basic idea will lead to a few more startups of this nature in the near future.