Thursday 29 March 2012, 11:01 | By CMU Editorial
Beyond Oblivion founder buys defunct company’s assets back
In an interesting turn of events, a company called Gee Beyond has bought many of the assets belonging to the now defunct digital music service Beyond Oblivion, which shut down before even launching late last year, and then went into bankruptcy earlier this year.
And who runs Gee Beyond? Well, none other than former Beyond Oblivion CEO Adam Kidron, blamed by many former execs at the digital non-start-up for running the company into the ground without it ever going live. So that’s fun.
A US judge approved Gee Beyond’s acquisition of Kidron’s former company’s assets on Monday. The new firm will pay a reported $4.2 million for the bits and pieces of IP and contracts and such like.
Though, according to Evolver FM, the new company won’t get access to digital rights management technology at the heart of Beyond Oblivion’s Boinc platform, because its maker, Intertrust, objected to the sale of its agreements with the defunct enterprise to a new company run by the same founder.
Quite what Gee Beyond plans to do with the remains of Boinc remains to be seen.