Kim Dotcom & Baboom Sever All Ties

In a surprise move Kim Dotcom has sold all of his shares in music startup Baboom. […] From the beginning Baboom’s stated aim was to disrupt the music industry by closing the gap between artists and fans, rewarding the former with most of the profits. The latter would be put in a win-win situation via free ad-supported music streaming. The one constant that remained throughout was Kim Dotcom himself, a person with whom the service was inextricably linked, both financially and from branding and marketing perspectives. Today, however, that has all come to an end. […] Perhaps the most curious element of Dotcom’s exit from the business is the language being used by Baboom chief executive Grant Edmundson. While he wishes the Baboom founder well, a single sentence distances Dotcom from the company in every possible way. “The transaction means Dotcom no longer has any equity or role in Baboom, nor any relationship with the company,” Edmundson said.- Andy,TorrentFreak
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