fm has offered what is known as Internet radio. Under the new arrangement users who visit the service s Web site www. fm can search for and select any of . million songs to listen to on their computers through technology called streaming. There are limitations any given song can only be played three times. What is more the free music cannot be downloaded to a portable player like an iPod . Song downloads will be offered through a link to music stores including Apple s iTunes and Amazon. They want a subscription based service more and they want downloads Mr. I want to pay attention to the users and the first thing the users want is free streaming. Indeed music executives say they are skeptical that services like Last. fm will be a source of significant revenue. fm and other free services resemble radio which offers promotion for music except that the labels receive a small payment. In the long run nominally paid promotion is not necessarily going to support a! rtists and labels he said. But people with knowledge of the transaction said the record companies would receive a part of the advertising revenue. Independent artists and labels can also upload their songs to Last. fm and will receive a portion of the advertising revenue. CBS will start promoting the Last. fm service on the Grammy awards program on Feb. fm which is based in London last May for million. The service says it has million users worldwide. A new window will open with a dictionary definition or encyclopedia entry.
Source: http://www.nytimes.com/2008/01/24/business/media/24music.html
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