bolt.com does a bunk

The firm rode out a lawsuit with Universal Music earlier this year after GoFish looked like buying it in a $30 million deal. Unviersal was apparently expecting some big money from that arrangement.

But GoFish got cold gills and pulled out leaving Bolt looking at big bills from Universal, with other music companies queuing up to have a pop.

Now the site's gone tits up.

The posting on Bolt says:

"Please be advised that the operations of Bolt, Inc. and Bolt.com have ceased. Net Revolution, Inc. and Bolt, Inc. have executed an Assignment for the Benefit of Creditors effective as of August 14, 2007."

You can buy the site and its, um, assets, should you fancy. µ