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From what I understand, a lot of the raised money was for the advances required by the various labels in order to close the deals so I'd imagine a lot of money
by dan1234 15y ago
From what I understand, a lot of the raised money was for the advances required by the various labels in order to close the deals so I'd imagine a lot of money was returned to investors once it was clear the deals wern't going ahead.
There's a bit more on the story here: http://musically.com/2011/12/31/beyond-oblivion-shuts-down-before-ever-launching-commercially/ http://musically.com/2011/12/31/beyond-oblivion-shuts-down-b...