Petteri Pyyny
18 Apr 2001 12:04
LoudEnergy has bought online assets of Riffage.com. Both companies are focused on independent artist promotion, pretty much like Vitaminic, MP3.com, etc.. Riffage had closed its operations in December 2000 after failing to find funding or merger partners.
Financial terms were not disclosed. Riffage had spent $20 million to develop its online assets. Just before its closing it tried to diversify its operations by purchasing San Fransisco's Great American Music Hall and an indie record label, 1500 Records.