Cheating by Qtrax?

About this where they just did not write, so I will not take much of your time. But if at the very beginning a million dollars is invested in the project, thanks to which Internet users can have free access to a catalog of 25 million songs, then for this it is necessary to coordinate all their activities with those recording companies with whom cooperation is planned.

The project, which can already be called the most meaningless project of the year, suggested that this weekend the service of downloading songs from Qtrax site will start. The whole point is that before this Qtrax did not even sign the relevant agreements with 3 of the 4 largest music labels. Now music companies say: “Just a minute, but there is no agreement! Everything is under negotiation. ” Of course, without contracts there is no download service.

We write about these events like many other blogs and media. The story that the ability to download songs that are paid for through advertising is very exciting for our author Michael Arrington. He quickly wrote an article on this topic, while he waited at the airport for his flight, returning from the Davos forum in the United States. The Times of London newspaper and many others also covered the news, perhaps because the Qtrax CEO at a conference in Cannes announced that agreements with labels had been signed. This is either a trick or a hoax. It's one thing to splurge, the other is to openly lie.
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Qtrax is a subsidiary of Brilliant Technologies Corp. Since May, Qtrax has not submitted a 10Q form to the Securities Commission (a brief summary of the company's activities in the past quarter) and raised $ 30 million for the project. And they should consider their next step in the most thorough way.