Startup Boomio has removed its iOS music streaming app from the App Store.
The startup explained its move in a letter posted on its homepage earlier this week. (Hat tip to GeekWire for reporting the news.)
The app allowed users to share and comment on “licensed” songs, assemble playlists, follow friends and musicians, and, of course, listen to music.
Things began well when the app first appeared last year, but changed in the months following.
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“Along the way, we received lots of great feedback, we welcomed new competitors and we saw the market conditions change,” the Boomio team wrote in the letter. “Taking all of that into consideration has led us to a difficult decision. At this time we will be taking a step back to rethink the Boomio product. We feel the best way to do this is to shutdown the service and remove Boomio from the AppStore.”
Perhaps the biggest music streaming app to pop up in the past year is Apple Music, following Apple’s $3.2 billion acquisition of Beats Music last year.
It’s possible that the app will surface in another form in the future.
The team is working “behind the scenes developing a fresh BOOMiO experience,” the company wrote.
The Seattle-based startup was founded in 2013. Cofounder and chief executive Randy Kath is a former Microsoft executive. In September, the startup disclosed that it had raised $2.1 million in funding. Investors include music executive Phil Quartararo, according to the filing.
Music streaming app Grooveshark shut down earlier this year.
