Chicago-based licensing and distribution digital music firm Music Dealers is heading into liquidation.

Founded in 2008, Music Dealers was created to license and distribute digital music, largely from unsigned artists, to the advertising, TV, film and gaming industries.

In a letter sent to its its clients/creditors and obtained by MBW, the company said it’s closing operations as a result of “significant startup costs and several years of operating losses.”

Source: www.musicbusinessworldwide.com