Company creates musical material often used ` ` elevator ' '' Muzak , the company that put pop , string-filled arrangements of rock songs in your elevator , filed bankruptcy papers Tuesday after it missed a $ 105 million payment to creditors . Company missed $ 105 million payment to CEO . Cash flow is up , says CEO , but company has ` ` substantial debt obligations ''
Company creates musical material often used ` ` elevator ' '' Company missed $ 105 million payment to CEO . Cash flow is up , says CEO , but company has ` ` substantial debt obligations ''