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About a year ago, an internet company threatened to turn the digital music scene on its head by giving away free music. Unlike the mighty iTunes SpiralFrog was going to be completely free but supported by advertising. They even said they had signed deals with Vivendi Universal for content to for the US and Canada…

Since then, SpiralFrog has seen its original executive team walk out and is eight months behind a self-imposed deadline for launching a Web site.

Providing free music has proved to be a pricey proposition for the New York company. To secure its licensing deal with Universal, SpiralFrog initially paid $2.2 million and since had to pony up an additional $1 million. Since signing that agreement with Universal, SpiralFrog has failed to land another major label. A spokesman for Universal declined to comment.

 

And with no customers… things are looking tough. Maybe Apple had it right all along

Source: CNET

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