Online music storage firm MP3tunes files for bankruptcy
May 12 , 2012
Online music storage firm MP3tunes has filed for bankruptcy due to its long running court battle with music publishing giant EMI over copyright issues.
MP3tunes is a cloud music service that allows users to store music in online “lockers”. Amazon, Apple and Google offer similar services.
EMI’s lawsuit against the company comes as part of the music industry’s efforts to prevent websites from enabling people to download and share music online without paying for it.