Shine Drums, a custom drum company out of Loomis, CA, has closed its doors after a particularly bad 2010 holiday sales season.

Dead and Gone Records has called it a day.

The Virgin Megastore, in San Francisco, will be closing in April.

Submitted by DoShutUp

The Times Square Virgin Megastore, which is the highest volume music store in the U.S., will shut down in April.

Yahoo will give refunds to customers who bought DRM'd tracks from its now closing download store.

The last remaining guitar tabulature site will not be closing despite a recent threat from the MPA.

Submitted by ACA

Thursday are close to ending their third recording session, they also have invited Chris Vaglio of Greysky Films to film some studio footage which should be up soon.