Early Legal P2P Music Service Wippit Shuts DownAuthored by Mark Hefflinger on September 4, 2008 - 8:23am.
London
- Wippit, an eight-year-old firm that launched an early, legal peer-to-peer
music service, has shut down, Distorted Loop reports. "Wippit has closed.
After eight years of pushing the digital boundaries, Wippit can no longer
compete in the current market climate. Thank you to everyone that has supported
us over the years and apologies to those that will miss us," a Wippit
spokesperson told Distorted Loop.The company's founder and CEO, Paul Myers, left Wippit last year.
The Wippit service, launched before the first iPod was
introduced, offered unlimited downloads for a fixed monthly fee, and eventually
managed to secure licensed from EMI and Warner Music.
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