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U.K. iTunes Radio Competitor Bloom.fm Shutting Down After Being Blocked From iAd

London-based streaming music service Bloom.fm is shutting down following the withdrawal of its main investment partner, TNT, a Russian television channel. TNT withdrew its funding following an organizational change, said VentureBeat.

In a blog post, the Bloom.fm team said the withdrawal of funding was a surprise and that the company has no time to find new investment.

Bloom Game Over
We’ll keep this short because we’re pretty shell-shocked.

It’s game over for Bloom.fm.

Our investor, who’s been along for the ride since day one, has unexpectedly pulled our funding.

It’s come so out of the blue that we don’t have time to find new investment. So, with enormous regret, we have to shut up shop.

This is a poetically crappy turn of events as our young business was showing real promise. Our apps and web player are looking super-nice and we had 1,158,914 registered users in a little over a year. Yep.

A massive thanks to everyone that helped us get this far. We’re absolutely gutted. But it’s been a real pleasure.
Earlier this month, it was reported that Bloom.fm had been blocked from using Apple's iAd advertising service to gain new users because it competed too closely with Apple's own iTunes Radio service, which is preparing to launch in the United Kingdom.

It's unclear whether the iAd blocking had anything to do with the removal of funding, but it was likely a blow to the company regardless.

Top Rated Comments

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Posted: 17 weeks ago
U.K. iTunes Radio Competitor Bloom.fm Shutting Down After Being Blocked From iAd


While chronologically correct, this is some quality link bait.
Rating: 37 Votes
Posted: 17 weeks ago

U.K. iTunes Radio Competitor Bloom.fm Shutting Down After Being Blocked From iAd


While chronologically correct, this is some quality link bait.


You beat me to it: I'm glad I'm not the only one who noticed that...
Rating: 9 Votes
Posted: 17 weeks ago
Bloom.fm Shutting Down After Someone Registers The Domain Macrumors.com

Bloom.fm Shutting Down After Bill Clinton Elected President

Bloom.fm Shutting Down After The Germans Bomb London, in 1940


Any of those work for ya, Macrumors? :rolleyes:
Rating: 9 Votes
Posted: 17 weeks ago
"It's unclear whether the iAd blocking had anything to do with the removal of funding..." but we're going to heavily imply it in the headline anyway. Awful link baiting.

The real headline here is: Bloom.fm shutting down after investor pulls funding.
Rating: 7 Votes
Posted: 17 weeks ago

Antitrust suit imminent.


It's unclear whether the iAd blocking had anything to do with the removal of funding, but it was likely a blow to the company regardless.


Antitrust against who ?

Good. I hate to say it, since I'm a fan of Apple, but this really stinks of Apple putting pressure on the investor.


I didn't read anywhere where Apple put pressure on the investor ? Perhaps you can direct me to the link.
Rating: 6 Votes
Posted: 17 weeks ago
Day by day macrumors is becoming the equivalent of NotW and similar shady and questionable tabloids... Lol...
Rating: 6 Votes
Posted: 17 weeks ago
U.K. iTunes Radio Competitor Bloom.fm Shutting Down After Apple MacBook Air Refresh
Rating: 6 Votes
Posted: 17 weeks ago
U.K. iTunes Radio Competitor Bloom.fm Shutting Down After Total Lunar Eclipse
Rating: 5 Votes
Posted: 17 weeks ago
Did this have anything with them being blocked from iAd?
Rating: 5 Votes
Posted: 17 weeks ago

Good. I hate to say it, since I'm a fan of Apple, but this really stinks of Apple putting pressure on the investor.


Are you kidding me?! These two completely unrelated events have been stitched together by a very irresponsible, tabloid reminiscent article title, and you have fallen for it.

Bloom loses its funding due to corporate restructuring at its only main investor, and somehow that equates to calls for an antitrust suit against Apple, who control a whole 15.5% of the global smartphone market?? That hardly constitutes a monopolistic position.

Seems pretty tinfoil hat to me, and shame on the editor for allowing such a misleading and ridiculous article title in the first place.

----------

Antitrust suit imminent.


And posts like these are why we should reimplement the down vote.
Rating: 4 Votes

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