(CelebrityAccess MediaWire) — The American Society of Composers, Authors and Publishers and technology company LTDnetwork have announced a licensing arrangement for royalty collection and distribution to writers and publishers whose music will be available via LTDnetwork's Qtrax P2P network.
Qtrax is an ad-supported legal P2P service that marries the power of Peer-2-Peer file-sharing and Internet advertising to provide improved value to the consumer.
Qtrax will provide users with a legal file-sharing venue designed to prevent the unlawful distribution and/or reproduction of unlicensed copyrighted content and provide for the protection of intellectual property owners' rights, as well as their compensation. Files authorized for sharing by content owners will be freely transferred via the Qtrax P2P network and supported via content filtering technology.
"This agreement reflects ASCAP's approach to new technology, which focuses on the maximization of members' performance payments through the development of new performance mechanisms," said ASCAP Assistant Vice President and Director of New Media & Technology Matthew J. DeFilippis in a statement. "Qtrax joins an expanding list of digital music services that have realized the business-building advantages of an ASCAP license."
Allan Klepfisz, President & CEO of Advanced Technology Industries said: "We are delighted to work with ASCAP, an organization that has a pivotal role in the music industry via the 230,000 U.S. composers, songwriters, lyricists, and music publishers it represents. Qtrax will change the way digital music is offered and has the potential to better compensate rights owners while offering the consumer more of what they want. It has taken us almost four years to reach a point of broad acceptance for our model and we are firmly focused on its potential to be an industry standard." –by CelebrityAccess Staff Writers