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Old 03-10-2003, 03:19 PM
amiller amiller is offline
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Join Date: Jan 2001
Location: Phoenix, AZ USA
Posts: 215
Default DIGI, Rocket Network going out of business, what\'s it mean for Digistudio?

From an article on Pro Sound news:
News

Rocket Calls It Quits

Burlingame, CA (March 11, 2003)--After five years of work developing and integrating its collaboration and delivery service, Rocket Network has been forced to shut down operations. While the company reached a substantial market (65,000 users) over its history, very few of those users were willing to pay for the Rocket service, and those who did were not using it often enough to cover Rocket's costs of operation.

According to Rocket Network president and CEO Pam Miller, the company was too far ahead of the market. "We believe it will be a couple of years yet until the market begins to embrace digital delivery and collaboration," Miller wrote in a letter informing of Rocket's termination. "Given the current economic climate, we have been unable to secure additional financing to hold us until the market catches up. We still deeply believe in the dream of music and post-production communities working on a project simultaneously from anywhere in the world."

Rocket Network plans to shut down its server on March 31, 2003, at the end of its fiscal year, and users with time remaining on a pre-paid account as of that date will be credited the unused balance.

Rocket Network


I was thinking of joining Digistudio at some point down the road, so just curious -
Thanks
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