Wippit, the download store which was selling DRM-free mp3s back when the very concept of selling un-DRMed product could make a record company accountant actually catch fire from the pockets upwards, has folded.
A spokesperson, talking to Distorted Loop, explained the reason for the closure:
“Launching an all you can eat, legal P2P service before the iPod had even been announced as well as many other innovations (including a first with movie downloads) meant Wippit has been a great pioneer, but eventually a victim of our own vision and optimism."
It hurts to be a victim of your vision - I guess the opposite of that would be that the labels closing their eyes and keeping going.
Wippit's reputation took a bit of knock when it fell out very publicly with Danny Baker over the All-Day Breakfast Show last year; it had devised a method of charging for podcast subscriptions through iTunes for the show and, possibly, was sitting on a potential small-ish goldmine with that knowledge.