QTrax: Actual Deal With Major Label
We don't have any details, nor have we seen a press release or confirmed the story with QTrax or UMG, but in this case we're assuming that Eliot and Greg have double-checked everything before publishing but we have confirmed the deal with UMG.
We'll be very interested in trying QTrax out once UMG's stuff is available. We'll also be very curious to learn how the deal was structured, and wouldn't be surprised to learn that UMG had taken an equity stake in QTrax -- it's been demanding and receiving chunks of several small music startups in recent months.
See Also: QTrax: A Real Major Label Deal*
QTrax: We're Still Launching...Someday
UMG Backing Music Site Nimbit?
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UNIVERSAL MUSIC GROUP (UMG) PARTNERS WITH QTRAX
AD SUPPORTED MUSIC SERVICE ALLOWS FANS TO DOWNLOAD MUSIC FREE AND LEGALLY
New York, New York, May 6, 2008 - Universal Music Group (UMG), the world’s leading music company, and its global publisher, Universal Music Publishing Group, announced today that they have entered into digital distribution licensing agreements with QTrax. As part of this agreement, QTrax will now have access to the most extensive digital music catalog of chart-topping artists in the world, while UMG and its artists and songwriters will be compensated for the use of their content.
QTrax showcases an ad-supported delivery model that easily and accurately directs revenue back to artists and rights holders. Users who download and install the QTrax client will soon be able to use it to search for, discover and listen to a colorful and diverse catalog of high-quality digital music files numbering in the millions. QTrax will monetize the experience by selling sponsorships and advertising displayed during the search and download processes. Additionally, users will have the option to purchase music and related items throughout the QTrax interface.
About Universal Music Group
Universal Music Group is the world’s leading music company with wholly owned record operations or licensees in 77 countries. Its businesses also include Universal Music Publishing Group, the industry’s largest global music publishing operation.
Universal Music Group consists of record labels Decca Music Group, Deutsche Grammophon, Interscope Geffen A&M Records, Geffen Records, Island Def Jam Music Group, Lost Highway Records, MCA Nashville, Mercury Nashville, Mercury Records, Philips, Polydor Records, Universal Music Latino, Universal Motown Records Group, and Verve Music Group as well as a multitude of record labels owned or distributed by its record company subsidiaries around the world. The Universal Music Group owns the most extensive catalog of music in the industry, which is marketed through two distinct divisions, Universal Music Enterprises (in the U.S.) and Universal Strategic Marketing (outside the U.S.). Universal Music Group also includes eLabs, its new media and technologies division, Bravado, its merchandising company, and Twenty-First Artists, its full service management division.
Universal Music Group is a unit of Vivendi, a global media and communications company.
About QTrax (www.QTrax.com)
QTrax showcases an innovative ad-supported delivery model that easily directs revenue back to artists and rights holders. QTrax is available for browsing now and soon will provide fans with access to millions of high-quality digital music files. Based in New York City, QTrax is a subsidiary of Brilliant Technologies Corporation (OTC: BLLN.PK), a publicly traded technology holding company.
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Now that would be interesting. That would be a sea change in music industry business model. I will be surprised if this thing gets off the ground or even floats for very long. It just seems as if this has been tried before.....Can you say Napster?
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