Late last Wednesday night BloomFM announced that they have shut down their streaming service.
Bloom.fm claims the shutdown is due to the company’s sole investor TNT who “unexpectedly pulled” the company’s funds. According to the service’s founder Oleg Fomenko TNT’s decision came as a surprise.
For more information about the shut down:
http://bloomfm.tumblr.com/post/84335326983/well-keep-this-short-because-were-pretty
We will monitor the progress of this issue as far as collecting any owed royalties and have put a stop to the deliveries of any new releases.
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