NEW YORK, Dec. 5 /PRNewswire-Asia/ -- Qtrax, the ad-supported digital music 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.
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"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 Thomas Hesse, SONY BMG’s 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 Allan Klepfisz, President and CEO of Qtrax. "We welcome the addition of this vast 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 ( http://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, Warner Chappell, Universal Music Group North America, Universal Music Group 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 New York City, Qtrax is a subsidiary of Brilliant Technologies Corporation (OTC: BLLN.PK), a publicly traded technology holding company.
Safe Harbor
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.
