Friday, June 09, 2006

BAD KARMA

Some bad news from the DRM-free download market: KarmaDownload has suspended activities.

The website suggests the money has run out:

IT IS REGRETTED THAT TRADING HAS BEEN TEMPORARILY SUSPENDED UNTIL KARMA GROUP REVIEWS ITS FINANCIAL STANDING AFTER AN ABORTED CAPITAL RAISING EXERCISE

The main problem for the site appears to have been finding a space for promotion against competitors able to spend millions on advertising and partnership tie-ins.


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