We will be closing MediaMaster down. I would like to thank our 95,000 users over time and especially our thousands of regular users. It was a good time, but not good enough to make a business from in the current world. Please try http://www.lala.com or http://www.mp3tunes.com They are both good companies and have a lot of users.
It is not possible to keep a service like this up for free without some sort of large scale userbase (> 500,000) to get ads to pay for it. Even then, the overhead is quite high.
However, it could pop up in another form sometime in the future (hint). It would be a pay service only at that time.
There are many other complexities to the business as well and one can point the finger at our friends the record labels. Their lawyers have created such a swamp of legal complexity from the old days that just does not fit in the new world. Funders of businesses are afraid of funding them and big companies do not take a risk that they might succeed and give the labels a new model for revenue.
Remember, most pay sites are paid for by only 5% of the users. You need a lot of users to pay for a high bandwidth, high storage space site.
Scaling problems change as servers get faster and storage becomes more dense.
Don’t wait for large corporate partners to make your business viable, it needs to be so on its own.
Design it well from the start, it helps when you don’t have to re-engineer the interface, its the most complex part! (That was not a problem we had)
Make it international from the start, we did, and our users liked that.
Those lessons will be used in possible futures of MediaMaster.
The blog will stay up with comments about ongoing work. Thanks for your use of our service over time, we appreciate it, but it was not enough in the current terrible business economy.
