Turntable.fm inks deal with the four major U.S. recording labels

Unsatisfied by their EMI deal, Turntable.fm founders Billy Chasen and Seth Goldstein announced that the site now has licensing deals with Warner Music Group, Sony BMG, and Universal Music Group during their SXSW panel on Tuesday. During “Turntable.FM: The Future of Music is Social”, Goldstein heaped praise on the label negotiations, saying, “our model is unique - we’re not a radio service, not an on-demand service. We have interesting aspects that really require some out-of-the-box thinking. We felt that from the get-go the labels were absolutely different from what I’d been led to believe. They gave us a lot of time and attention.” What do all of our music afficionados think though? Are social sites like Turntable really the future of music? source

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