LimeWire To Close Online Store

LimeWire To Close Online Store
Following an October report on an order for Lime Group to cease distribution of its P2P file-sharing software LimeWire, the company revealed plans to discontinue its online music store, effective Dec. 31, according to a Billboard.biz report. In an e-mail to subscribers on Nov. 30, the company stated, "LimeWire Store will cease accepting new customers on November 30, but will remain online through the end of December to allow current subscription holders to redeem their credits." (12/3)

Last.fm Reports 2009 Loss
UK-based Internet radio and music recommendation service Last.fm reported close to $4.45 million in losses for 2009, a smaller deficit compared to a loss of $27 million in 2008 when the company was also operating as an on-demand music streaming service. Fifty-four percent of Last.fm's revenues for 2009 were from UK subscribers while U.S. subscribers made up 33.5 percent of customers. (12/3)

TEC Foundation Announces 2010 Inductees
The TEC Foundation for Excellence in Audio has announced the 2010 TECnology Hall of Fame inductees, including groundbreaking audio products from George Campbell/AT&T, Sennheiser and engineer Dave Smith, who developed the first programmable polyphonic music synthesizer, among others. (Smith received a Technical GRAMMY Award in 2007.) The Hall honors products or innovations that are at least 10 years old, and inductees are chosen by a panel of more than 50 audio experts, including authors, educators, engineers, facility owners, and other professionals. Inductees will be honored at the 26th Annual TEC Awards, to be held at the 2011 NAMM show on Jan. 14 in Anaheim, Calif. (12/3)

 

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