Seattle-based BOOMiO sent a message to users this week letting them know the music streaming service had been shut down so the app creators can take a step back to “rethink the BOOMiO offering.”
A similar goodbye was posted on the company’s website, noting that it had “welcomed new competitors and we saw the market conditions change.” The company also says its team is already working behind the scenes now on a “fresh BOOMiO experience.”
The news comes two years after the company was founded on the idea of building a platform to help musicians promote their work and music fans discover new songs.
The company was created by PJ Pedroni, a Seattle entrepreneur; Randy Kath, a former Microsoft exec who most recently served as the Vice President of Channel Marketing for Windows Phone; and Bob Case, former Program Director at Seattle’s KUBE 93 radio station.
SEC records show the company raised a total of $2.3 million, with $2.1 million of that coming in September of this year.
The service was different because it required users to share songs before they could listen themselves. It was free, but you could only listen to each track once.
BOOMiO said it was trying to rethink the space when it launched last year, but these kinds of music streaming services have gone mainstream since then. There’s the established streaming brands like Spotify, newcomers like Apple Music and new startups joining the space every day.
Here’s BOOMiO’s complete message posted on its website:
For the last 2 years a small team has been developing BOOMiO, a smart phone app designed for sharing and discovering music. When it hit the market, music fans all over the country downloaded the app and gave it a test drive. Thank you!
Along the way, we received lots of great feedback, we welcomed new competitors and we saw the market conditions change. Taking all of that into consideration has led us to a difficult decision. At this time we will be taking a step back to rethink the BOOMiO product. We feel the best way to do this is to shutdown the service and remove BOOMiO from the AppStore.
We apologize for this inconvenience, but please know that our team will continue to work behind the scenes developing a fresh BOOMiO experience.
Once again, thank you for supporting BOOMiO.