Monday , March 19 2018
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Liquid to Liquidate

Liquid Audio to fold and distribute cash reserves to shareholders:

    Under the decision announced Friday, shareholders will receive $2.50 per
    share on Dec. 20. Payments will only be made to shareholders of record as of
    Dec. 10.

    The Redwood City, Calif.-based company will continue operations until the
    board considers all options for its assets.

    The distribution of assets ends a protracted battle over the future of the
    online music technology company. It now appears that dissident shareholders
    have succeeded in their push to liquidate the company, as opposed to selling
    it to Alliance Entertainment.

    ….Liquid produces software that prevents digital song files from being
    distributed illegally. Although the company was lauded by the recording
    industry for its copy protection technology, it could not compete with free
    file-swapping software such as Kazaa, Morpheus and the now-defunct Napster.
    Liquid also was unable to offer enough songs for people to purchase due to
    the recording industry’s slower pace of releasing digitally encoded versions
    of their copyrighted songs.

    In September, Liquid sold its digital encoding patents to Microsoft for $7
    million. [CNet]

When I was working with Billboard Online a few years back they had a deal with Liquid Audio. Maybe it’s me, but I could never get it to work right, and you needed yet another player taking up space on your hard drive – too many negatives. Bye bye.

About Eric Olsen

Career media professional and serial entrepreneur Eric Olsen flung himself into the paranormal world in 2012, creating the America's Most Haunted brand and co-authoring the award-winning America's Most Haunted book, published by Berkley/Penguin in Sept, 2014. Olsen is co-host of the nationally syndicated broadcast and Internet radio talk show After Hours AM; his entertaining and informative America's Most Haunted website and social media outlets are must-reads: Twitter@amhaunted,, Pinterest America's Most Haunted. Olsen is also guitarist/singer for popular and wildly eclectic Cleveland cover band The Props.

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