Tuesday, September 30, 2008

'e's off: Pakman quits eMusic

Probably pursued by little ghosts, eMusic's David Pakman has gone off to join a venture capital firm, leaving the company without a leader. Hypebot is wondering if all this doesn't point to times being hard for the company, which it claims has reduced payouts to labels for the first time in its history.

It does seem to be a peculiar day to be deciding to go off and become a professional investor.