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| Was the Chartbuster -> Digitrax move public but overlooked? https://mail.karaokescenemagazine.net/forums/viewtopic.php?f=1&t=27880 |
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| Author: | chrisavis [ Wed May 15, 2013 11:47 am ] |
| Post subject: | Was the Chartbuster -> Digitrax move public but overlooked? |
http://www.knoxnews.com/news/2011/jul/0 ... fe-closes/ "Chartbuster's newest business venture is a streaming karaoke subscription service called Chartbuster Karaoke.com that works like Netflix but for karaoke." This was posted a full 6 months before the Chartbuster fire sale and a bit less than a year before KaraokeCloud went live. I just noticed that http://Chartbusterkaraoke.com redirects to https://www.karaokecloud.com -Chris |
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| Author: | earthling12357 [ Thu May 16, 2013 2:59 am ] |
| Post subject: | Re: Was the Chartbuster -> Digitrax move public but overlook |
Yep, the demise of Chartbuster was probably a bigger surprise to the owners and employees, than it was to their customers and creditors... even though there are those who wish for us to believe it was planned that way. |
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| Author: | TroyVnd27 [ Thu May 16, 2013 11:28 pm ] |
| Post subject: | Re: Was the Chartbuster -> Digitrax move public but overlook |
When a company goes through bankruptcy, or maybe even "if seized", all assets then become controlled by the court. A "Work In Progress" such as this (i.e. Research & Development) are considered assets, and they would also be controlled by the court, especially if there were expenses related to the development. So, let's call the transfer of ownership unplanned. The successor would almost certainly continue the Research & Development project, if they deemed it worthwhile. |
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