BigChampagne's Ultimate Chart (a/o February 10th):
1. “What Doesn't Kill You (Stronger),” Kelly Clarkson
2. “Set Fire to the Rain,” Adele
3. “Turn Me On,” David Guetta
4. “Rack City,” TYGA
5. “Good Feeling,” Flo Rida
6. “Smooth Criminal (Glee Cast Version),” Glee Cast
7. “Young, Wild & Free,” Snoop Dogg & Wiz Khalifa
8. “Domino ,” Jessie J
9. “Sexy and I Know It,” LMFAO
10. “Ass Back Home ,” Gym Class Heroes
The early years of digital music are littered with unsuccessful startups, often predicated on misguided and grandiose ideas. In most cases, a dying startup simply winds down, though a smattering of unsuccessful entrepreneurs have found themselves battling criminal charges. That includes the founders of BurnLounge - investigated by the FTC on charges of running a pyramid scheme - and most recently, top executives at Wurld Media.
Wurld, based in Saratoga Springs, NY, was licensed by major labels and blessed with capital. The company was known by its product Peer Impact, a closed, P2P-like service that allowed paying consumers to swap content among themselves. The company was sputtering by 2007 amidst weak consumer interest, alongside other underachievers like iMesh, Mashboxx, and the first incarnation of Snocap.
On the way down, Wurld Media chief executive Gregory Kerber and vice president of finance Richard Saxton were filing fraudulent tax claims, bilking employees of benefits, and producing phony figures for investors. The pair have now been handed hefty fines, probationary periods, and possible jail terms.
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