AD: If you are an entrepreneur or aspiring to be one, you should check out Entrepreneurship Daily. This is an amazing new email newsletter service that provides a daily curated list of business growth ideas, marketing tips and case studies from your fellow entrepreneurs. Signing up is easy and you can unsubscribe at any time with just one click.
Limewire, the popular file sharing service that was recently ordered by the courts to stop the distribution of the Limewire file sharing software is learned to be shutting down their music store operations by the end of the year. The company was earlier noted to be forging plans to relaunch as a legal music store.
In an email purportedly sent to vendors, Limewire has stated that they “must cease Limewire store operations on December 31, 2010“. The email goes on to note that the company has stopped accepting new customers as of November 30th but shall continue to stay online until the end of December to let existing subscribers to redeem their credits.
The team is expected to offer additional communication shortly with respect to the delivery stoppage, agreement termination and final accounting.