Petteri Pyyny
12 Apr 2001 4:02
Yet another failure in digital music business. Musicbank has ceased their operations after failing to find financing in current dotcom situation.
Musicbank offered a "locker" service where users could store their music in digital format -- pretty similiar what My.MP3.com is.
Musicbank's investors included Bertelsmann and UMG. Company also had licensing deals with Warner, EMI and Sony.