R.I.P. indie streaming app Humbolt
Last August a new music-streaming app called Humbolt - based in New York - was launched.
The startup was pitched as an ethical, indie-focused service, where fans would be able to pay from $2.99 a month to subscribe to individual artists and labels. After a beta period, it had a roster including more than 20 independent labels, and launched in the US, Canada, UK and France... but now everything has come to an abrupt end.
The company, via an email sent to its mailing list, indeed explained:
We're beginning the process of dissolution. We, unfortunately, took advice from an ‘industry insider’ that proved to be a fatal error with regards to our finances. We cannot operate in the US because of it. As you know the US is the biggest indie market in music streaming consumption. That being said, also not having Merlin, Secretly Distribution, Beggars or Redeye Worldwide on board has proven difficult as well.