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.
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.
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.
We’ll keep this short because we’re pretty shell-shocked.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 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.
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.
Tag: iTunes Radio
54 comments
The United States Federal Communication Commission is expected to propose fining AT&T, T-Mobile, Verizon, and Sprint $200 million in total for improperly disclosing real-time customer...
Apple is working on an iPad keyboard that includes a built-in trackpad, reports The Information, citing sources with knowledge of Apple's plans.
Apple has reportedly been experimenting...
Apple CEO Tim Cook is in Birmingham, Alabama today, where he spoke at an event for EdFarm, which will offer Apple's Everyone Can Code curriculum alongside civil rights education conducted through...
Facebook today announced that it has canceled its F8 developer conference that was set to take place at the McEnery Convention Center in San Jose, California on May 5 and 6.
In a statement,...
Leaked proposals from the European Union suggest that smartphone manufacturers in the EU could be forced to make all batteries removable in the future. This would mean that any smartphone brand...
Apple today received FCC approval for a pair of wireless earphones with model number A2015, described as "Power Beats Wireless" in the regulatory documents. These are likely the rumored...
Apple has lost two long-serving operations executives, including its VP in charge of manufacturing design and a longtime iPhone operations executive who moved to its AR division, reports...
Back in 2017, NVIDIA announced the launch of its GeForce Now streaming gaming service, which it made available in a beta capacity.
After years of testing, polishing, and refining, the GeForce...
