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-- DJ Download is done

Posted by activate on Nov-05-2009 18:26:

DJ Download is done

email just went out to all the labels announcing that they've gone into receivership!

Posted by J.C. on Nov-05-2009 19:52:

what is receivership

Posted by Geoffb3 on Nov-05-2009 19:55:

quote:
Originally posted by J.C.
what is receivership

Receivership

Posted by ChemEnhanced on Nov-05-2009 20:03:

its a type of ship that receives things from other ships

Posted by LKD on Nov-05-2009 20:21:

lol and their newsletter today was "Clunkers" been a few years since i've bought off there anyhow...not really gonna miss it

Posted by Schadenfreude on Nov-05-2009 20:21:

would you possibly have a source for this?

Posted by J.C. on Nov-05-2009 20:23:

quote:
Originally posted by Schadenfreude
would you possibly have a source for this?

i emailed one of my contacts there...will let ya know if i hear something..

Posted by Schadenfreude on Nov-05-2009 20:24:

thank you.

Posted by J.C. on Nov-05-2009 20:26:

quote:
Originally posted by ChemEnhanced
its a type of ship that receives things from other ships

how big is the ship?

Posted by ChemEnhanced on Nov-05-2009 20:39:

this big

Posted by J.C. on Nov-05-2009 21:22:

is that u on the boat?

Posted by Jayx1 on Nov-05-2009 21:24:

Id hate to be a label owed money... its already hard enough as it is considering most people steal music now...

Posted by J.C. on Nov-05-2009 21:30:

quote:
Originally posted by Jayx1
Id hate to be a label owed money... its already hard enough as it is considering most people steal music now...

the guys that run that ship (no pun) seem to be cool, i have dealt with them for a while, I presume they would pay out anything owing, I would hope.

Posted by Miss. S on Nov-05-2009 22:24:

quote:
Originally posted by ChemEnhanced
its a type of ship that receives things from other ships

lolol

Posted by samhouse on Nov-05-2009 23:15:

its too bad. I liked their layout.

Posted by Pure Phunk on Nov-06-2009 05:31:

quote:
Originally posted by Schadenfreude
would you possibly have a source for this?

There's THIS

Posted by activate on Nov-06-2009 06:47:

quote:
Originally posted by Schadenfreude
would you possibly have a source for this?

of course. multiple label owners that received the email from them today!

google djdownload.com administration.. lots of hits with news posted all over.

here's the email

"Dear Label Partner

It is with great regret that we have to inform you that DJdownload Limited has been placed into administration by the Directors of the company effective today.
The Directors have worked extremely hard over the past few months to try and save the company: overheads were reduced and attempts to increase revenues were made but ongoing efforts to raise further finance were unsuccessful. Despite their best efforts the company was not able to continue to trade.
We would like to thank you for your support and business over the years and we wish you all the best in the future.
If you have any questions with regard to UNPAID ROYALTIES from DJDownload Limited please contact:
Marguerite Webster - Case Administrator at Bridge Business Recovery
E-mail: xxx
Phone: xxx

Yours sincerely
Justin Pearse"

Posted by Nicolas Oliver on Nov-06-2009 17:42:

quote:
Originally posted by ChemEnhanced
its a type of ship that receives things from other ships

This made me LOL

Posted by Schadenfreude on Nov-06-2009 21:50:

quote:
Originally posted by A.B
Here is a reply I got from an e-mail I sent last night:

DJdownload.com will continue to operate for many years to come. The site has been bought by a new operator and we are looking forward to continuing to provide you with great tunes!

There should be some improvements to the site in the next few months and we'll be adding even more content as we look to expand our offering!

Regards
Adam

not sure if this can be quoted as fact, but it would be good news for those of you that use this service.

Posted by Schadenfreude on Nov-07-2009 01:34:

quote:
Originally posted by Terrence Parker
Juno have bought the business. Juno and DJdownload will combine their strength and make the electronic music download market more competitive. Under the newly agreed arrangement, the administrators will still be called in, with the website continuing to trade via Juno's content and administrative guidance. The front-end experience, however, will remain the same, with Juno taking care of all back-end operations. Justin Pearse will continue as Head of Music at DJDownload.
"DJ Download is a pioneer in digital music and a key player in the dance music business", said Juno founder Richard Atherton. "We believe that with the combined strength of the Juno and DJdownload brands, we can make the download market more competitive and improve customer choice."
source: http://www.residentadvisor.net/news.aspx?id=11292

there we go

Posted by Aleks_B on Nov-07-2009 20:25:

^ya that was a relief to hear

Posted by Schadenfreude on Nov-07-2009 21:08:

to be completely honest, i always thought dj download was quite shit and only used them to get around territory restrictions of certain tracks.

that being said, more distribution avenues are good, and it would have been sad to see one less. As someone who also buys vinyl, i have learned how expensive a lack of distribution can make things.

Posted by Sasha on Nov-07-2009 21:33:

receivership is not the same as bankruptcy.

It just means that all the creditors are fucked, but the company will continue its operations, most likely under new owners though

Posted by YouReadyB on Nov-08-2009 12:29:

quote:
Originally posted by ChemEnhanced
its a type of ship that receives things from other ships

Amazing Amazing RESPONSE.