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This just in (courtesey of hypebot and @suffolkandcool). Got to be the saddest news of 2010 so far. Let’s hope there’s another avenue for aspiring artists soon….

Jamendo, which made available tens of thousands of free tracks licensed through one of several Creative Commons licenses or the Free Art License is changing course under new ownership.

“After months of uncertain search for a new investor, the company has finally been purchased by one of its clients.” company founder Patrick Haour told Hypebot. “The .com website will keep on existing, but the main focus from now on is on background music licensing”.  This paid portion of Jamendo has previously been known as

“Only a very small team has been maintained to keep things running,” said the talented Haour, who will be leaving the company on March 1st and already contemplating his options.