Muzak has filed for Chapter 11 bankruptcy protection.
After a failed merger with one of its major creditors, the “sensory branding” company DMX last year, the firm which began life as Wired Radio Inc in the 1930s has been teetering on the brink of financial collapse.
There’s a history of the company at The Independent as well:
Visit the headquarters of Muzak Holdings LLC, the spiritual home of Muzak, and you will hear its eponymous product in every room, pumped in from the giant Well database containing 2.6 million tracks. Every room, that is, except for the elevator…. Employees of Muzak say the absence of sound in the company’s own lifts is maintained for “deeply felt symbolic reasons”.
