Los Angeles - Mixwit, a site that let users create and share song playlists, has announced that it will shut its service down before the end of the year. "We've put a year of work into Mixwit so this choice wasn't taken lightly. I won't go into the details of our situation but state simply that we boldly marched into in a position best described as 'between rock and a hard place.'"

Like Muxtape, a similar service that recently shut down after being targeted by the Recording Industry Association of America (RIAA), Mixwit allowed users to create online streaming mixtapes that aggregated streams from a variety of websites.

The team behind the service said it plans to "return early next year with a new company and new toys."

Related Links:
http://blog.mixwit.com/2008/12/10/all-good-things/

http://snipurl.com/8uz1w (TechCrunch)