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"Music locker service MP3tunes.com has filed for bankruptcy, according to multiple reports. The firm, started by MP3.com founder Michael Robertson in 2005, was unable to finance a long-running legal battle with record label EMI Music. &amp;quot;Four and a half years of legal costs and we&amp;#039;re not even out of trial,&amp;quot; Robertson told CNET. &amp;quot;MP3tunes has no choice but to file [for bankruptcy]... This is what they do. The labels engage in multi-year legal battles and put small companies through hell for years.&amp;quot; Kevin Carmony, a former employee of Robertson&amp;#039;s, posted MP3tunes.com financial documents online, revealing liabilities of between $1 million and $10 million (\u00A3616,000 and \u00A36.2m). The site&amp;#039;s founder refused to comment on the possibility of staff layoffs. Robertson, the man behind one of the first MP3 sites on the internet, accused EMI of launching a crusade against his company. &amp;quot;EMI went to other companies and demanded that they not work with us,&amp;quot; he added. &amp;quot;They went to retailers, as one example, and forbid those guys to work with us.&amp;quot;  EMI Music is yet to comment on the latest turn of events. "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.digitalspy.com/tech/internet/news/a381171/mp3tunescom-files-for-bankruptcy/>