Troubled Qtrax Music is Back and Licensing Music
Date: Sunday, March 06, 2011 @ 15:57:18 UTC

Qtrax, the music company that once sought to create a legal file-sharing music service, has finally struck several music licensing agreements and will launch next week, the company said. Details about the arrangements are scant, but apparently three of the top four labels have agreed to extend Qtrax's former music licenses for three months to allow the company time to try and raise money. Qtrax still owes some of the big labels money and must get caught up before the three-month period ends or lose the rights to the songs, according to one source. Complete Article

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