Former music industry lawsuit target Seeqpod files for bankruptcy

Music search engine provider SeeqPod filed for Chapter 11 bankruptcy protection in the US Bankruptcy court in the Northern District of California yesterday. Not a large company by any means, it listed a modest $2 million in assets and $1.6 million in debts. Five percent of the company is owned by the Department of Energy's Lawrence Berkley National Laboratory.

SeeqPod is most easily remembered for being sued by Warner Music Group early last year based on the record company's belief that the search engine was built to make money off of advertising in its built-in Web player, even though it did not even advertise.

Recently, however, SeeqPod experienced a brief spike in media coverage through its integration with Web-based music player and social playlist provider Mixtape.me, which debuted less than a week ago.