Musictoday Files For Bankruptcy

The voluntary filing Sept. 14 included a motion for sale of all of the assets of Delivery Agent, which includes Musictoday and subsidiaries Clean Fun Promotional Marketing and Shop The Shows. The company in a statement released Sept. 15 says it has obtained a commitment for debtor in possession financing, which will allow it to continue normal business operations while working its way through bankruptcy proceedings.

“This is a very positive development for our company and our customers,” founder and CEO Mike Fitzsimmons said. “Through these proceedings we’re initiating a process that preserves company value, allows the company to reorganize its business affairs, and establishes a necessary foundation for future growth and profitability.”