Seems another vinyl market place has hit the dust.
From Discogs forum page -
"For those of you who don't know this site has been in financial trouble for some time, today the website and database have disappeared.
If you are one of the many sellers owed money by GEMM do not expect to see it, Site owner Roger Raffee had emailed several people stating that he intends to file for bankruptcy and close GEMM down
It is a sad moment, GEMM was the first music marketplace, dating back to 1995, a true pioneer site, under better management it might well have become an internet giant and for a while it did very well peaking around 2000 with a turnover in the millions.
Roger fell out with co-founder and developer Jim Hall, Jim was ousted and no one managed the site's creaking infrastructure, GEMM was simply overtaken by sites like musicstack and Discogs, sales declined rapidly.
GEMM took the full payment from buyers, removed its commission and then remitted to sellers, for over 2 years the delay in paying the sellers has been growing and earlier this year the site ceased taking money, referring buyers to pay the seller directly by Paypal, payments of arrears pretty much stopped. "
I hope no one had an expensive order going through ? I'm sure Paypal or Credit Cards will be able to get your money back.
Will MusicStack be next ? . . .
From Discogs forum page -
"For those of you who don't know this site has been in financial trouble for some time, today the website and database have disappeared.
If you are one of the many sellers owed money by GEMM do not expect to see it, Site owner Roger Raffee had emailed several people stating that he intends to file for bankruptcy and close GEMM down
It is a sad moment, GEMM was the first music marketplace, dating back to 1995, a true pioneer site, under better management it might well have become an internet giant and for a while it did very well peaking around 2000 with a turnover in the millions.
Roger fell out with co-founder and developer Jim Hall, Jim was ousted and no one managed the site's creaking infrastructure, GEMM was simply overtaken by sites like musicstack and Discogs, sales declined rapidly.
GEMM took the full payment from buyers, removed its commission and then remitted to sellers, for over 2 years the delay in paying the sellers has been growing and earlier this year the site ceased taking money, referring buyers to pay the seller directly by Paypal, payments of arrears pretty much stopped. "
I hope no one had an expensive order going through ? I'm sure Paypal or Credit Cards will be able to get your money back.
Will MusicStack be next ? . . .
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