Turntable.fm Makes it Official with Licenses from Major Labels
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Turntable.fm has gone legit with licenses from the four major record labels. Turntable.fm is the social music service that allows users to DJ for each other in virtual rooms. At the SXSW Interactive Festival, it was announced that everything was official now. The founders of Turntable.fm Billy Chasen and Seth Goldstein made the announcemnt that they now had licenses from all four major record labels, and that they were officially legit. The announcement was made whilst taking part in roundtable event called "Turntable FM: The Future of Music is Social."
They said it has taken some time due to the fact that it is a very different site. It is not like Spotify or any other music service available. The service allows users to DJ to a maximum of 200 listeners in a virtual room. All the music rooms have different themes, and so far it has been a hit with users.
A user can choose from a wide range of music through MediaNet, they can also upload music that they have created themselves.
The co-founders of the service did not have much knowledge when it comes to music licensing when they first launched the service. Therefore, it took some time for them to get the licenses they needed to go legit. However, even without the proper licensing in order, they still managed to get $7.5 million of funding from Union Square Ventures. The service has gained quite a lot of media coverage, as well as plenty of support from users and the public.
Both founders admit that they still do not have a firm grasp on music licensing laws. However, with the aid of renowned digtial music lawyer Debbie Newman, they managed to secure licensing agreements with the four major record labels.
The Turntable.fm service was originally only available as a web service. However, it is also now a mobile app, and is available now.
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