Follow Up: BetaBeat provides more information on the deal – Turntable.fm Wins Over the Olds, Signs Crucial ASCAP Licensing Deal
Very interesting is this:
“We hear Sony Music has been courting Turntable.fm very hard. Record executives have seen the writing on the wall. Music is social, it’s digital and it’s always on, no matter what device you’re using.”
I’m not knowledgable on the world of music publishing, but this sounds like it’s good for songwriters, especially as turntable.fm grows its user base.
“With the explosion of online and mobile music, the ASCAP blanket license provides an easy and efficient means for new music services to respect copyrights and compensate the songwriters and composers whose music draws their customers.”
Link (via THE AMERICAN SOCIETY OF COMPOSERS, AUTHORS AND PUBLISHERS, July 20, 2011): Hot New Music Site Turntable.fm Is Licensed by ASCAP