Juno has stepped in to keep dance music store DJ Download online, after it went into administration yesterday (November 5).
Juno has bought the business and assets from the administrator and from today, Djdownload.com will continue to run under Juno’s co-ownership.
DJ Download will still manage the site from their Battersea offices for the time being, but the music on the site will be supplied from Juno’s digital back-end. Their front-end operations will continue as normal.
Juno founder Richard Atherton said the combined strength of the Juno and DJ Download brands would make the download market more competitive and improve customer choice.
“DJ Download is a pioneer in digital music and a key player in the dance music business,” he said.
Juno Download was formed in 2006 by the makers of Juno Records, and now has more than one million tracks available for sale.
Meanwhile DJ Download prides itself on being a site made “by DJs and clubbers for DJs and clubbers”.
“We are passionate about dance and electronic music of any kind and believe that the artists need to be rewarded for their talent,” reads their website.
A statement from the company’s founder Justin Pearse read:
“It is with great regret that we have to inform you that DJdownload Limited has been placed into administration by the directors of the company.
“The directors have worked extremely hard over the past few months to try and save the company: overheads were reduced and attempts to increase revenues were made but ongoing efforts to raise further finance were unsuccessful.
“Despite their best efforts the company was not able to continue to trade. We would like to thank you for your support and business over the years and we wish you all the best in the future.”