Pali's notes from the web has snippets saved from the Internet which are of interest to Pali Madra. Pali Madra is an Internet Researcher.

Friday, August 17, 2007

Online Video Site Bolt.com Shuts Down







Bolt.com is no longer accessable. Bolt.com was an online video site. The word is that Bolt.com settle with Universal a law suit and as a consequence also shut down their website.



The message on the website reads


"Please be advised that the operations of Bolt, Inc. and Bolt.com have ceased. Net Revolution, Inc. and Bolt, Inc. have executed an Assignment for the Benefit of Creditors effective as of August 14, 2007. Please direct any creditor related questions or comments to the Assignee's office to the attention of:


Development Specialists, Inc.
345 California Street
Suite 1150
San Francisco, California 94104-2664

Att: George E. Shoup, III

Email: gshoup@dsi.biz


The Notice of Assignment will be mailed to all known creditors in the near future. If you are interested in acquiring this site or other assets of Bolt or Net Revolution please contact, gshoup@dsi.biz."


This move, it seems, would have tragic ramifications for small online video sharing websites. Though bigger players like Youtube.com have the backing to fight with the bigger entertaiment companies but be ready to hear about shutting down of smaller video websites.


 

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