January 25th, 2008 | Author: Kapt Kaos
Just ran across this article on Digital Trends about Last.fm starting up a free music streaming service.
The company has signed agreements with all four major labels and some 150,000 indies to give access to a massive catalogue. Users will be able to listen to any track three times. After that, they’ll be encouraged to buy the track from one of a number of sources.
The beauty of all this is that Last.fm has promised to pay the artists a royalty every time a track is played – even unsigned artists who have their music available. If a track is purchased, Last.fm will share the fee.
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