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As Consumers Move to Streaming, RapidShare Announces Closure

Posted by Mike McCready | February 12th, 2015 | No responses

billboard.com

RapidShare, the filesharing company founded thirteen years ago, and that has persisted through challenges both legal and cultural over the years, has announced it will be closing shop on March 31, 2015. “Thank you for many years of trust,” the company’s website reads, without a hint of irony.

The company was previously sued by German rights society GEMA, and fielded a court case stateside from the porn magazine Perfect 10 (the latter of which resulted in RapidShare countersuing the magazine, accusing it of being a copyright troll).

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Mike McCready is an entrepreneur at the crossroads of music and technology. He pioneered the introduction of Hit Song Science into the music industry and followed up with Music Xray, the company he co-founded and serves as CEO. His companies have been the subject of case studies at Harvard Business School, IESE and he frequently guest speaks at many of the top business schools around the world. He helps the music industry identify high potential songs and talent and helps musicians get deals, get fans, & get better: http://musicxray.com