IUMA Acquired and Re-Launched
The prognosis was looking dim for yet another Internet music business, but last week the <A HREF="http://www.iuma.com/">Internet Underground Music Archive</A> (IUMA), revealed that it has signed an agreement to be acquired by Vitaminic, a European digital platform for the promotion and distribution of music over the Internet. IUMA had recently run out of cash and says that the acquisition will allow it to relaunch all suspended services within the week.