Qtrax Announces Global Agreement With SONY BMG MUSIC ENTERTAINMENT
service, today announced a global agreement with SONY BMG MUSIC ENTERTAINMENT
that will make SONY BMG’s premier digital music catalogue available to music
fans worldwide on the Qtrax platform.
“We are always exploring new and exciting ways of bringing our music to
fans in the digital space and are very happy to support Qtrax and their
innovative ad-supported business model,” commented
President of Global Digital Business and U.S. Sales.
Qtrax showcases an ad-supported delivery model that easily and accurately
directs revenue back to rights holders. Users who download and install the
Qtrax client will 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 process. Additionally, users will
have the option to purchase music and related items from a third party
throughout the Qtrax interface.
“SONY BMG has a well deserved reputation for innovation,” said
and vital catalogue to Qtrax’s worldwide service,” Klepfisz continued.
About SONY BMG MUSIC ENTERTAINMENT
SONY BMG MUSIC ENTERTAINMENT is a global recorded music company with a
roster of current artists that includes a broad array of both local artists
and international superstars, as well as a vast catalog that comprises some of
the most important recordings in history. Sony BMG Music Entertainment is a
wholly owned subsidiary of Sony Corporation of America.
About Qtrax (www.qtrax.com)
Qtrax is the world’s first free and legal peer-to-peer music service and
showcases an innovative ad-supported downloading model that easily directs
revenue back to artists and rights holders. Qtrax has successfully signed
licensing deals with major labels, music publishers and leading indies,
including: EMI Music North America, EMI Publishing, Sony/ATV Publishing,
International, Universal Publishing, TVT Records, Beggars Banquet and more.
Qtrax will soon provide fans with access to a colorful and diverse catalog
with millions of high-quality, high-fidelity digital music files. Based in
BLLN.PK), a publicly traded technology holding company.
This announcement contains express or implied forward-looking statements
which involve known and unknown risks and uncertainties that could cause
actual results to differ materially from those suggested, including but not
limited to risks identified and discussed in company filings with the
Securities and Exchange Commission. These forward-looking statements are based
on information and management’s expectations as of the date hereof and future
results may differ materially from expectations and the company disclaims any
obligation to update them except as required by law.