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Qtrax helping to cut online music piracy
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Music Piracy
Qtrax, a free music downloading service will be arriving in the United States in the first few months of 2010.
Qtrax, which is based in New York, is a subsidiary of Brilliant Technologies Corporation, a technology holding company devoted to research and development leading to commercialization of innovative, proprietary technologies.
Qtrax is an innovative P2P file-sharing service, and has already signed deals with Universal Music Publishing, Sony/ATV, Sony BMG, Warner Music Group, The Orchard, EMI Music Publishing and EMI Music, TVT Records, Go Digital, ASCAP and BMI. The Company is based in New York, New York and Melbourne, Australia.
Announced Monday, China will be launching Qtrax December 10, using their largest search engine, Baidu.com. Users will see a button for Qtrax when they search for a particular song or artist in the Qtrax catalogue. An advertisement will appear on the music playing software as the file(s) transfer. The company plans to fund the royalty payments to music artists and the music industry through advertising.
Every time a song is played, Qtrax will have to pay a royalty. They will generate revenue only on advertisements shown when a user downloads or transfers a song.
Thursday, Qtrax will be going ahead in New Zealand and Australia, the first official launch of the music downloading service.
Qtrax will launch in Singapore, Malaysia, the Philippines, Indonesia, Hong Kong and Taiwan this year, then the U.K. in February, followed by the US.
"Our vision is clear and our team highly skilled. We are dedicated to providing the best music service to consumers worldwide while creating substantial revenues for rights-holders and our shareholders," said Allan Klepfisz, President & CEO, Qtrax.
Qtrax is accepting email addresses to preview the new product.
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