posted
deo: QTRAX Launches at MIDEM - First Free & Legal P2P Music Service Reinvents the Way Fans Consume Digital Music Monday January 28, 10:00 am ET Largest Legal Music Catalog Ever Assembled: 25 to 30 Million Copyrighted Tracks from Majors & Indies QTRAX Music-Related Content Much Larger than Unauthorized Services
CANNES, France and NEW YORK, Jan. 28 /PRNewswire/ -- MIDEM CONFERENCE -- QTRAX (http://www.QTRAX.com) -- the world's first free and legal peer-to-peer (P2P) music service, today announced that it has launched its ground-breaking P2P music service at MIDEM, the world's leading music business conference. Showcasing an innovative ad-supported downloading model that easily directs revenue back to artists and rights holders, QTRAX is the first free P2P service to be fully embraced by the music industry. With a base catalog estimated at between 25 and 30 million copyrighted tracks from all the major labels, publishers and a host of leading indies, QTRAX has the largest legal library of any music service on the market.
"QTRAX is a magical and game-changing service that revolutionizes the way fans consume digital music," said QTRAX President and CEO Allan Klepfisz. "We will provide a vastly better service than unauthorized sites with superior technology, alluring and vast content, and free music that won't get you arrested. QTRAX makes other services look as outdated as the cassette tape."
QTRAX has created a dynamic new music distribution model that represents a paradigm shift in the way people consume music, how the industry can monetize their catalogs and how artists get paid. The service is available immediately at http://www.QTRAX.com and brings consumers the following unique features:
-- A new P2P environment that allows users to search through millions of high quality tracks for particular songs, bands or albums and legally download as many as they want for free; -- Seamless integration with portable and mobile devices, allowing users to transfer downloaded tracks quickly and easily; -- A special section called "Last Night," where users can search for newly added tracks from live concerts that were recorded the night before; -- A colorful and diverse array of content beyond music, including: music videos, artist documentaries, interviews, album reviews, artist recommendation lists, and biographies among other things; -- Exclusive songs and content from artists on profile pages where fans can access the latest news relative to artists, purchase DVDs, ring- tones and concert tickets; -- A media player with which listeners can easily keep and organize their entire music library, with the ability to import tracks from other locations, including iTunes; -- A Firefox-based Internet browser, from which users can visit other web destinations while concurrently downloading tracks without having to open additional windows; -- A new DRM system that counts the number of times particular tracks have been played in order to fairly compensate artists and right holders, without restricting consumer use; -- A guarantee that users will never download spyware, adware or spoofs.
QTRAX represents a fresh opportunity for the advertising community as well. Though vibrant and heavily trafficked, P2P environments have long been ignored by advertisers because of copyright infringement and brand proximity to unrestricted file-sharing. QTRAX offers advertisers a safe, legal, and authorized place to reach both mass and targeted audiences with custom ad and sponsorship opportunities.
About QTRAX
QTRAX (http://www.QTRAX.com) is the world's first legal and free peer-to- peer (P2P) music service. Showcasing an innovative ad-supported delivery model that easily directs revenue back to artists and rights holders, QTRAX is the first free P2P offering to be fully embraced by the music industry. QTRAX has successfully signed licensing deals with the major labels, music publishers and leading independents. QTRAX will provide fans with access to a colorful and diverse catalog with millions of high-quality digital music files representing the broadest artist-based fan-directed array of products available anywhere. Based in New York City, QTRAX is a subsidiary of Brilliant Technologies Corporation (OTC: BLLN.PK - News), a publicly traded technology holding company.
Source: QTRAX
_________________ "Luck is what happens when preparation meets opportunity." Mon Jan 28, 2008 7:18 am View user's profile Send private message Send e-mail Visit poster's website Yahoo Messenger
Posts: 13 | From: Staten Island,NY | Registered: May 2006
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This one could go down as one of the most bungled launches in Web 2.0 history -- and that's saying a lot. Qtrax, the legal ad-supported p2p network that has been in the works for more than four years now, came out on Sunday with much fanfare at the Midem music industry conference in Cannes, and said that it had the backing of all four major record labels, and would launch with 25 million tracks available for download. And then the wheels started to come off.
First, Silicon Alley Insider quoted a spokesman for Warner Music as saying the label had no agreement with Qtrax; then a spokesman for Universal said that they didn't either; then someone at EMI said that it had no such deal either. Finally, a spokesman for Sony BMG said it had not signed anything with Qtrax either. So from being "the first legal p2p network backed by all four labels," Qtrax quickly became a p2p network without official backing from any of the major labels.
The company says that this is all just a misunderstanding, and that it is close to finalizing deals with all of the majors -- but that's not what its press releases and comments implied on Sunday. They said the service would be launching on Monday with 25 million tracks and the support of all the labels. That led to glowing articles like this one in many publications about the launch of this incredible network.
-------------------- who says you cant trade stocks at 17!!? Posts: 288 | From: Wisconsin | Registered: Apr 2006
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posted
I thought I'd throw this one back on the watch list. It has been said that this is a garbage company, but all the research I have done has shown it to be legit.
They are now up and running. Yes, there are companies that aren't signed yet. Yes, there are a few glitches that make it difficult to download a few songs.
The good news is that I think the share price is at the bottom, and there is no major dilution, nor is there an over abundance of fake P.R. coming out. It seems they are trying to get their ducks in a row before pushing more P.R.
It might be a good time to get in at .036 IMHO.
Good luck.
Posts: 4 | From: Seattle | Registered: May 2008
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