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Last.fm takes big step in changing the music business model

Posted: Wed Jan 23, 2008 1:20 pm
by greggh
http://blog.last.fm/2008/01/23/free-the-music
As of today, you can play full-length tracks and entire albums for free on the Last.fm website.

Something we’ve wanted for years—for people who visit Last.fm to be able to play any track for free—is now possible. With the support of the folks behind EMI, Sony BMG, Universal and Warner—and the artists they work with—plus thousands of independent artists and labels, we’ve made the biggest legal collection of music available to play online for free, the way we believe it should be.
We’re not printing money to pay for this—but the business model is simple enough: we are paying artists and labels a share of advertising revenue from the website.

Today we’re redesigning the music economy. There are already millions of tracks available, and we’re adding more every day. We will continue to work hard to bring this to everyone in the world.

Re: Last.fm takes big step in changing the music business model

Posted: Thu Jan 24, 2008 4:26 am
by greggh
Yahoo may soon follow Last.fm...

http://news.yahoo.com/s/ap/20080123/ap_ ... line_music
LOS ANGELES - Yahoo Inc., is in early discussions with major record labels over offering unprotected MP3s either for sale or for free as part of an ad-supported service, two record company executives familiar with the talks said Wednesday.

The talks, held as recently as last month, were preliminary because Yahoo is still working out the details, said the executives, who requested anonymity because of the discussions were confidential.

Yahoo hopes to launch the service this year, they said.