"People are holding onto their wallets right now and it probably has just slowed down the process." Post 9283.
It might be more useful to consider some of the decisive (in my opinion) issues concerning the above comment and how it affects / interacts with the "whys" mentioned by shot.
The license fees might not be considered much by the labels, but they are quite a considerable sum for BLLN, I suggest, together of course with all the other overheads involved. Is the money there? etc, etc.
How much has been raised for this venture over the last many years? I wonder. Has it been enough??!!
Anyone care to make some discreet enquiries about that one?
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