Close, but no cigar.

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We just found out that we were unable to #saveBloomfm.

We were very close to coming out the other side of this. But, alas, it wasn’t to be.

Thank you to everyone – our listeners, the record labels, business partners and our fantastic team – that joined us for the ride. Your support over the last few weeks has been incredible.

Legal music needs to be more affordable. When it is, more people will pay for it and all our favourite musicians will benefit.

We look forward to someone cracking this challenge. It’s a shame it couldn’t be us.


Cheers.

Team Bloom x


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The official version…


Press Release: 11th hour attempt to save Bloom.fm fails as buyer withdraws

Administrators, Moorfields Corporate Recovery, will sell Bloom.fm assets following withdrawal of an offer.

Bloom.fm, the first mobile music service to offer truly mass-market subscription pricing, will cease operations within the next couple of days following the withdrawal of an offer from a potential buyer. The London-based start-up’s assets are now up for sale and the process is being managed by Moorfields Corporate Recovery. 

Oleg Fomenko, CEO and co-founder of Bloom.fm said:

“After Bloom.fm was placed into administration we received incredible amount of support from our users and a lot of commercial interest from prospective buyers. One offer stood out in particular, as it would have allowed Bloom to continue in the spirit we originally intended. We have worked furiously on finalising it but unfortunately, due to very tight timelines and complexities associated with the administration process, the deal fell through at the last minute. I would like to offer massive thanks to my team who have supported us through such a difficult time, our users who gave us a reason to get up in the morning and all our business partners for the rare opportunity to launch something truly innovative. We strongly believe in what Bloom.fm was trying to achieve and look forward to seeing someone else give UK music fans a fantastic streaming service at a reasonable price”.

Simon Thomas, Administrator at Moorfields, commented:

"Bloom.fm has had an incredible response from their customers and we received a lot of offers. Sadly, we were unable to finalise a deal within the timelines”.

Contact Arron Kendall akendall(at)moorfieldscr.com, Robert Mcilroy rmcilroy(at)moorfieldscr.com or call +44 207 186 1144 for further information.

Press Release: Bloom.fm is up for sale

Administrators, Moorfields Corporate Recovery, looking for a buyer following surprise withdrawal of investment.

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Bloom.fm, the innovative mobile music service, may be forced to cease trading after the surprise withdrawal of its key investor. The London-based start-up is now up for sale, after being placed in administration. The process is being managed by Moorfields Corporate Recovery, who are marketing the business for sale. Interested parties have until 10am on Friday 9th May to submit their offers.

Oleg Fomenko, CEO and co-founder of Bloom.fm said: “We were starting to get some real momentum and this was totally unexpected. But I’m still very hopeful that Bloom.fm will live on – there’s been a lot of interest since we announced that our funding had been withdrawn. The company has a fantastic product, unique pricing, talented team and a great brand. There’s a great deal of value in this business for a wide range of buyers”.

Bloom.fm turned to Twitter to announce the sale after fans of the service started using the hashtag #saveBloomfm.

Simon Thomas, Administrator at Moorfields, commented: "Bloom.fm has had an incredible response from their users. Seeing how much they value the service, we are hopeful of finding a buyer who can take this business to the next level”.

Contact Arron Kendall akendall(at)moorfieldscr.com, Robert Mcilroy rmcilroy(at)moorfieldscr.com or call +44 20 7186 1144 for further information.

Key Facts

  • 1.2 million UK registered users
  • Unique £1, £5 and £10 subscriptions
  • 22 million track catalogue
  • Licensing deals in place with all the leading major and independent labels, aggregators and publishers
  • Rated 4.5/5 in the App Store. Award-winning design
  • Significant brand equity, loved by customers
  • Available on iOS and Android. Web player and Sonos ready to launch. Windows Phone in development
  • London based team of 27. All design and development done in house
  • Well positioned for distribution partnerships with telcos, ISPs and retailers

We’ll keep this short because we’re pretty shell-shocked.

It’s game over for Bloom.fm.

Our investor, who’s been along for the ride since day one, has unexpectedly pulled our funding. 

It’s come so out of the blue that we don’t have time to find new investment. So, with enormous regret, we have to shut up shop.

This is a poetically crappy turn of events as our young business was showing real promise. Our apps and web player are looking super-nice and we had 1,158,914 registered users in a little over a year. Yep.

A massive thanks to everyone that helped us get this far. We’re absolutely gutted. But it’s been a real pleasure.

It’s #Bloomonday and we’re cold lampin’ with Public Enemy’s It Takes a Nation of Millions to Hold Us Back. Tap to playMore than a quarter of a century old, and still sounding fresh, ferocious and funky. Sit back and enjoy one of the greatest rap albums ever made!

It’s #Bloomonday and we’re cold lampin’ with Public Enemy’s It Takes a Nation of Millions to Hold Us Back. Tap to play

More than a quarter of a century old, and still sounding fresh, ferocious and funky. Sit back and enjoy one of the greatest rap albums ever made!

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It’s a big day for us here at Bloom.fm. Today we announced we’ve reached a million registered users. We’ve been blown away by the enthusiasm for the app since we launched last year and we’d like to say a big thanks to every single one of you using our apps - and extra big thanks to those of you who have decided to subscribe.

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There are loads of music services out there, and a few really great ones, but we started Bloom.fm because we thought things could be made better - both for music fans and all the awesome artists out there making the music we love.

We’ve had our heads down working on our apps and haven’t had much time to talk about why we’re here. So, as we’ve reached this nice round number of users, it seems like a good time to have a crack at a Bloom.fm manifesto. That’s a bit lofty – let’s call it The Blooming Obvious List.

So here goes, in no particular order…

  • The only people who matter are the fans and the artists. We aim to always do the right thing by both.
  • Music is important, but for many people it’s just too expensive. There, we said it.
  • Different people need different amounts of music in their life, so give them choice.
  • The YouTube generation is used to music being free and everywhere, but they appreciate and will pay for great experiences.
  • A music service should make you smile and it should look as good as it sounds.
  • Smartphones are our favourite computers. We design for phones first because they’re always with you.
  • We love everyone who pays for music; whether it’s on vinyl, MP3 or another streaming service.
  • Support your favourite bands – tweet about them, go to their gigs, buy a t-shirt. It can change their life.
  • It should be easier to enjoy music legally than to get it illegally. If it isn’t we need to try harder.
  • It’s free to experiment. Listen to something new every week and always turn up for the support act (unless they really suck).

There are a team of 27 of us in West London working hard to make sure everyone has the best possible music service at a price they can afford. We love feedback - if there’s anything we could be doing better, we’re always listening @bloomfm or mail hello(@)bloom.fm.

We’ve got loads more cool stuff on the way. Thanks for joining us for the ride! We’re having loads of fun.

Lots of love, Team Bloom.

P.S. We’d like to thank our record label partners for all the support we’ve received. It took balls to let us shake up the status quo for the future good. We appreciate it.

Brand new ear candy this week from Shakira, Withered Hand, Future Islands, Wilko Johnson, Liars and more! On your phone? Tap an album link to open in the app or tap here to see the full list of new releases.
Singles - Future Islands
Shakira. - Shakira
New Gods - Withered Hand
Odludek - Jimi Goodwin
Going Back Home - Wilko Johnson
Goodbye Yellow Brick Road - Elton John
MESS - Liars
Till Midnight - Chuck Ragan
World Of Joy - Howler
Gravitas - Asia
Toujours - Sabina

Brand new ear candy this week from Shakira, Withered Hand, Future Islands, Wilko Johnson, Liars and more! On your phone? Tap an album link to open in the app or tap here to see the full list of new releases.