Qtrax, the world’s first free and legal P2P file-sharing network with the support of all four major record labels, EMI, SonyBMG, Universal Music Group and Warner Music Group, has officially launched today. This is a major event in music history as it sets a precedent for free music everywhere.
However, although their website officially launched today, their application is still in private beta, so we’ve still got to wait a little while longer to do legally, what we’ve always been doing 🙂
I found on this on Read/Write Web, where they’ve highlighted the good and bad of Qtrax, so if you want to learn more about it go check it out, but I think the most important of all of this, is that it marks the changing of the industry.
Music artists now won’t be making most of the money from selling their music, they will be using their music to attract attention and celebrity, that then will set them up to make money via concerts, merchandise such as clothing, CD’s, etc, and however else they are able to harness the attention their music brings them.
We’re seeing the shift from the commoditisation of music to the commoditisation of attention in the music industry and I think if there is any proof that web 2.0 is changing the music industry, this is it.