Last.fm, the music-based social network, who we love, has finalized licensing agreements with all four major record labels, as well as a number of independents labels.
The service now allows free, on-demand streaming of up to 3.5 million tracks, but will soon expand well beyond that. Their ultimate goal is to have "every track available" according to Last.fm co-founder Martin Stiksel. Looks like an abundance of interns will soon be hired to handle that kind of legwork. Imagine backlogging 50 years of music from all big 4 labels...ouch.
In addition to the label deals, the company also introduced an "Artist Royalty" program for independent artists. These artists can upload their music directly to Last.fm, and receive payment for each stream.
Happy Humpday,
Josh
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