Saturday, August 08, 2009

Artistdirect crawls away from NASDAQ

Claiming it no longer has the ability to cope with the "demands" of SEC filings, ArtistDirect is pulling itself off the NASDAQ exchange.

Although the company bears the name of the quite useful music website, it also runs Peer Media Technologies. The people behind MediaSentry and MediaDefender. So, having poured investment into creating ways for major labels to try and use legal routes to close down peer-to-peer networks, it's MediaSentry itself which has ended up in trouble. Whoever would have predicted that, eh?