DJDownload.com closes (or does it?)

DJDownload.com closes its doors. That’s sad. Here’s an email I got into my hands:

“Dear Label Partner
It is with great regret that we have to inform you that DJdownload Limited has been placed into administration by the Directors of the company effective today.

The Directors have worked extremely hard over the past few months to try and save the company: overheads were reduced and attempts to increase revenues were made but ongoing efforts to raise further finance were unsuccessful. Despite their best efforts the company was not able to continue to trade.

We would like to thank you for your support and business over the years and we wish you all the best in the future.

If you have any questions with regard to UNPAID ROYALTIES from DJDownload Limited please contact:

Marguerite Webster – Case Administrator at Bridge Business Recovery
E-mail: marguerite.webster@bridgebr.co.uk
Phone: +44 207 025 6139

Yours sincerely
Justin Pearse”

Now let me predict – Beatport.com will raise their prices within one year.

Edit (06.11.2009): It seems the story is not over. About 24h after the first news, Juno has acquired DJDownload. If anyone has an official link, please post it below. Here’s the official link (thanks to Homegrove!): http://www.junodownload.com/plus/2009/11/06/juno-steps-in-to-keep-dj-download-online/