MusicMaker.com has announced plans to liquidate itself, citing the limited amount of investment available to the digital music industry.

Like others in the digital music industry the companies stock sank over the past 7 months to around $2.88 a share, from a high of $281.25 on the day of it's initial public offering on the stock market in July of 1999.

EMI, who sold their stake in the company last month, seems to have made a wise move. It is not certain however if this move was additionally responsible for sealing the fate of MusicMaker however, at least in the minds of investors.

The company was one of the first digital music companies to attempt to reach licensing agreements with the major label recording companies. It's failure to due so ultimately caused the demise of the company.