Music labels say no deal with Qtrax | Entertainment
The world’s biggest music companies, including Warner Music Group Corp and Sony BMG, denied that they have agreed to license songs for a free download service that was launched by Qtrax on Monday.
Qtrax told Reuters and other media outlets last week that it had deals with the major labels representing about 75 percent of all music sales, to let users download songs for free in a new service to be supported by advertising revenue.
But by Monday, Sony BMG Music Entertainment and Warner had publicly denied that they had agreed to back the new Qtrax service.
U2.com | Official News
The Online Bonanza: Who is making all the money and why aren’t they sharing it?’ A speech by Paul McGuinness at MIDEM’s first International Manager Summit.