Report: Warner Music Pulls Out Of Last.fm
June 9, 2008 at 5:38 AM (PT)
WARNER MUSIC GROUP has pulled its catalog out of LAST.FM's "on demand" free streaming service, which the CBS-owned service launched to great fanfare in JANUARY, reports SILICON ALLEY INSIDER. Users can still hear WARNER artists via the site's "radio" option, which doesn't allow you to select individual songs.
What's the issue? The report speculates it's a debate about money. WNG has licensed its music for on-demand streaming to IMEEM and the forthcoming MYSPACE, and in both cases, it has ended up with equity stakes in the services. SILICON VALLEY INSIDER writes WMG had licensed its music to LAST.FM on a month-to-month basis and hasn't renewed. A WMG spokesman confirmed that the company's music isn't on the service but wouldn't offer comment.
LAST.FM's response, "We are currently negotiating a new agreement with WARNER MUSIC GROUP and are working hard to build the most comprehensive music service on the web. While we work things out, be assured that there's more then enough music to fill a lifetime of listening on LAST.FM, and we are continually adding to it."