Music2v.com Shutdown

Quoted direct from http://www.musicv2.com

Musicv2.com has become another casualty of the current economical downturn. It has been a pleasure to serve the music community for the last 6 1/2 years and this decision comes with a heavy heart and much sadness.
A few questions you may have are answered below:
What happened?
The simple answer is the economy. Musicv2 has always operated on a minimal or no profit basis and has been run as a “community project”. Over the last year revenues fell over 60% and the site began to steadily lose money. We tried everything we could from finding investors, setting up sponsorships and even going to the community to assist in this time. Unfortunately none of those things worked out and it simply became impossible to keep the site online.
I just joined, what does that mean for me?
If you registered within the last 3 weeks you will receive a refund shortly.
I had a Lifetime membership what happens now?
Our Lifetime memberships were defined in our Terms of Service as follows:

Lifetime memberships will remain active and available for the entire duration that the Musicv2.com website continues to operate under the current ownership. In the case that Musicv2 were sold, the current owners of Musicv2.com cannot guarantee that Lifetime Memberships will be honored by new ownership.

Likewise if the Musicv2.com website were to cease to exist, all obligations to our users in regards to membership durations whether Lifetime or otherwise would terminate affective the last day of operation.

We have however decided to keep a record of all current Lifetime members and if by chance Musicv2 comes back online at some point in the future and is still owned by the current ownership, current Lifetime members will be contacted and allowed to restart their accounts on the new site at that time.

What should I do if I have a yearly membership?
If you registered a few years ago when we offered yearly memberships and you believe your billing is still active, please do the following:

If you paid using Paypal, log into your Paypal account and search for a subscription related to either musicv2@musicv2.com or nulance@gmail.com. If you find an active subscription, cancel it.

If you paid using a credit card, we will be canceling any and all active billings.

What is going to happen to all the music?
We are currently working with our datacenter to find a way to permanently store as much of the media as possible. This however can not be guaranteed. It should be noted that our Terms of Service regarding this issue clearly states the following:

Members of the Musicv2.com website have the sole responsibility and liability for maintaining a copy of the data stored on the Musicv2.com servers. Musicv2.com encourages all members to archive and regularly backup their files; User bears full responsibility for archiving their data and sole liability for any lost or irrecoverable data. Musicv2.com can not and will not be held liable for lost data. Users agree to maintain their data in compliance with their legal obligations.

Anything else?
Good luck and keep rock’n.
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~ by Simon on March 30, 2009.

9 Responses to “Music2v.com Shutdown”

  1. hi. i am disappointed because i really loved this site. i’m sure it was a hard decision and you are upset too.

  2. Very interesting site, Hope it will always be alive!

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  5. It is the coolest site,keep so!

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